Fidelity SAI Investment Grade Securitized Fund (FSMOX) Sharpe Ratio: 1.24

FSMOX's Sharpe Ratio of 1.24 indicates that for each unit of volatility, it generates 1.24 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FSMOX Sharpe Ratio Rank

Average

FSMOX ranks above 43.0% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns are proportional to volatility—neither strong nor weak
Evaluate whether the volatility profile aligns with your risk tolerance
Review higher-ranked alternatives in the same category
Monitor rank direction to identify improving or deteriorating trends

FSMOX Sharpe Ratio Market Positioning

The chart shows FSMOX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.93 or lower
Yellow zone (middle 50%): 0.93 to 1.81
Green zone (top 25%): 1.81 or higher
Top 1%: 3.73+
Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity SAI Investment Grade Securitized Fund's Sharpe Ratio with other mutual funds in the Intermediate Core Bond, Investment Grade Bonds category across multiple time periods, showing how FSMOX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

Symbol	Name	1Y Sharpe Ratio
PSDSX	Palmer Square Ultra-Short Duration Investment Grade Fund	3.82
IGIEX	Ashmore Emerging Markets Investment Grade Income Fund	2.43
VTIPX	Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares	2.12
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	2.06
VCAIX	Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares	1.97
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shares	1.94
JMSIX	JPMorgan Income Fund Class I	1.88
STWTX	Hartford Schroders Tax-Aware Bond Fund	1.86
FSHBX	Fidelity Short-Term Bond Fund	1.76
SISIX	Virtus Seix Investment Grade Tax-Exempt Bond Fund	1.75
FSMOX	Fidelity SAI Investment Grade Securitized Fund	1.24

Benchmark

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Historical Sharpe Ratio

The chart shows FSMOX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FSMOX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FSMOX fit in your portfolio?

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