- ISIN
- US31635T8493
- CUSIP
- 31635T849
- Issuer
- Fidelity
- Inception Date
- Oct 25, 2018
- Category
- Total Bond Market
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FSMTX Performance Chart
Fidelity SAI Total Bond Fund (FSMTX) is up 0.6% since the beginning of the year. FSMTX is currently trading at $9 per share. Investors who bought $1,000 worth of FSMTX shares 5 years ago would now be looking at an investment worth $1,050.
Loading charts...
Returns By Period
Fidelity SAI Total Bond Fund (FSMTX) has returned 0.57% so far this year and 5.80% over the past 12 months.
Fidelity SAI Total Bond Fund
- 1D
- -0.11%
- 1M
- 0.48%
- YTD
- 0.57%
- 6M
- 0.55%
- 1Y
- 5.80%
- 3Y*
- 5.18%
- 5Y*
- 0.98%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FSMTX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 2018, FSMTX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Sep 2022 at -4.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FSMTX closed higher 46% of trading days. The best single day was Nov 10, 2022 with a return of +1.9%, while the worst single day was Mar 18, 2020 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.14% | 1.75% | -1.80% | 0.25% | 0.37% | -0.11% | 0.57% | ||||||
| 2025 | 0.71% | 2.14% | -0.17% | 0.26% | -0.39% | 1.71% | -0.17% | 1.27% | 1.03% | 0.70% | 0.58% | -0.24% | 7.65% |
| 2024 | 0.15% | -1.20% | 1.06% | -2.30% | 1.66% | 1.05% | 2.31% | 1.48% | 1.34% | -2.10% | 1.14% | -1.55% | 2.93% |
| 2023 | 3.64% | -2.20% | 1.94% | 0.68% | -0.96% | 0.25% | 0.15% | -0.52% | -2.35% | -1.82% | 4.79% | 3.83% | 7.33% |
| 2022 | -1.82% | -1.09% | -2.57% | -3.56% | 0.01% | -2.55% | 2.61% | -2.38% | -4.58% | -0.82% | 3.57% | -0.71% | -13.30% |
| 2021 | -0.65% | -1.31% | -1.03% | 0.97% | 0.39% | 0.95% | 1.05% | 0.00% | -0.76% | 0.00% | 0.18% | -0.06% | -0.30% |
Benchmark Metrics
Fidelity SAI Total Bond Fund has an annualized alpha of 2.55%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since November 01, 2018.
- This fund participated in 23.99% of S&P 500 Index downside but only 16.76% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.55%
- Beta
- 0.03
- R²
- 0.02
- Upside Capture
- 16.76%
- Downside Capture
- 23.99%
Expense Ratio
FSMTX has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSMTX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity SAI Total Bond Fund (FSMTX) and compare them to S&P 500 Index.
| FSMTX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 2.39 | -0.96 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.25 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.11 | -1.15 |
Martin ratioReturn relative to average drawdown | 5.84 | 14.38 | -8.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity SAI Total Bond Fund provided a 4.56% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.42 | $0.42 | $0.39 | $0.23 | $0.29 | $0.58 | $0.52 | $0.06 |
Dividend yield | 4.56% | 4.56% | 4.70% | 4.29% | 2.59% | 2.74% | 5.36% | 4.93% | 0.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Total Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.42 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.42 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.03 | $0.03 | $0.05 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.02 | $0.06 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity SAI Total Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity SAI Total Bond Fund was 17.89%, occurring on Oct 21, 2022. Recovery took 715 trading sessions.
The current Fidelity SAI Total Bond Fund drawdown is 1.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.89%Oct 2022 | 1y 1mo | 2y 10mo | 3y 11moSep 2021 - Aug 2025 |
COVID crash2020 | -10.02%Mar 2020 | 10d | 2mo 22d | 3mo 2dMar 2020 - Jun 2020 |
2021 pullback2021 | -3.44%Mar 2021 | 2mo 12d | 4mo 3d | 6mo 15dJan 2021 - Jul 2021 |
2026 pullback2026 | -2.86%May 2026 | 2mo 18d | — | 3mo 4dMar 2026 - now |
2019 pullback2019 | -1.76%Sep 2019 | 8d | 21d | 29dSep 2019 - Oct 2019 |
Drawdown Indicators
| FSMTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.89% | -56.78% | +38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -9.10% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -18.90% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -25.43% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -10.72% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.97% | -1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FSMTX
Add Fidelity SAI Total Bond Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FSMTX