- ISIN
- US31635V5545
- CUSIP
- 31635V554
- Issuer
- Fidelity
- Inception Date
- Feb 9, 2017
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FUMIX Performance Chart
Fidelity SAI U.S. Momentum Index Fund (FUMIX) is up 30.9% since the beginning of the year. FUMIX is currently trading at $25 per share. Investors who bought $1,000 worth of FUMIX shares 5 years ago would now be looking at an investment worth $2,257.
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Returns By Period
Fidelity SAI U.S. Momentum Index Fund (FUMIX) has returned 30.85% so far this year and 40.42% over the past 12 months.
Fidelity SAI U.S. Momentum Index Fund
- 1D
- 1.84%
- 1M
- 8.17%
- YTD
- 30.85%
- 6M
- 29.49%
- 1Y
- 40.42%
- 3Y*
- 32.61%
- 5Y*
- 17.68%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FUMIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 9, 2017, FUMIX's average daily return is +0.08%, while the average monthly return is +1.50%. At this rate, an investment would double in approximately 3.9 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +16.3%, while the worst month was Mar 2020 at -10.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FUMIX closed higher 54% of trading days. The best single day was Sep 8, 2023 with a return of +15.0%, while the worst single day was Sep 11, 2023 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.94% | 0.05% | -5.15% | 16.30% | 9.90% | 5.82% | 30.85% | ||||||
| 2025 | 5.02% | 0.00% | -6.78% | 3.12% | 8.59% | 3.27% | -0.42% | 1.27% | 4.26% | -0.25% | -0.86% | -0.60% | 17.01% |
| 2024 | 5.11% | 9.44% | 3.33% | -4.87% | 5.12% | 5.31% | -1.86% | 3.30% | 2.84% | -0.36% | 5.77% | -3.03% | 33.39% |
| 2023 | -0.22% | -3.90% | 0.75% | 1.86% | -3.37% | 7.12% | 2.33% | 0.55% | -4.84% | -1.75% | 11.37% | 5.07% | 14.67% |
| 2022 | -8.73% | -2.99% | 4.49% | -10.21% | 0.36% | -7.69% | 7.64% | -2.29% | -6.57% | 12.49% | 3.23% | -4.10% | -15.79% |
| 2021 | 1.38% | 0.06% | -0.71% | 6.13% | 0.00% | 5.33% | 1.44% | 3.46% | -4.29% | 9.03% | -1.43% | 0.83% | 22.56% |
Benchmark Metrics
Fidelity SAI U.S. Momentum Index Fund has an annualized alpha of 4.23%, beta of 1.03, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since February 09, 2017.
- This fund captured 103.30% of S&P 500 Index gains but only 84.05% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.23% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.03 and R2 of 0.76, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.23%
- Beta
- 1.03
- R²
- 0.76
- Upside Capture
- 103.30%
- Downside Capture
- 84.05%
Expense Ratio
FUMIX has an expense ratio of 0.11%, which is considered low.
Return for Risk
Risk / Return Rank
FUMIX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FUMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.78 | +0.94 |
| Martin ratioReturn relative to average drawdown | 16.72 | 12.44 | +4.28 |
Dividends
Dividend History
Fidelity SAI U.S. Momentum Index Fund provided a 2.12% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.53 | $0.99 | $2.41 | $0.29 | $3.48 | $1.45 | $0.29 | $0.45 | $0.11 |
Dividend yield | 2.12% | 2.77% | 5.89% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI U.S. Momentum Index 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.43 | $0.53 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.52 | $0.99 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.94 | $0.00 | $0.00 | $0.47 | $2.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.20 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.92 | $0.00 | $0.00 | $0.56 | $3.48 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity SAI U.S. Momentum Index 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 U.S. Momentum Index Fund was 33.36%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.36%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
Bear market2022 | -27.66%Jun 2022 | 7mo 10d | 1y 7mo | 2y 2moNov 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -21.31%Dec 2018 | 2mo 23d | 5mo 28d | 8mo 21dOct 2018 - Jun 2019 |
2025 selloff2025 | -19.90%Apr 2025 | 1mo 17d | 1mo 11d | 2mo 28dFeb 2025 - May 2025 |
2021 correction2021 | -13.97%Mar 2021 | 20d | 3mo 17d | 4mo 7dFeb 2021 - Jun 2021 |
Drawdown Indicators
| FUMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.36% | -56.78% | +23.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -9.10% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | -18.90% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -25.43% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -10.71% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.03% | +0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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