Fidelity SAI U.S. Momentum Index Fund (FUMIX)
The fund normally invests at least 80% of assets in securities included in the MSCI USA Custom Momentum Composite Index. The MSCI USA Custom Momentum Composite Index is a customized version of the MSCI USA Momentum Index, which is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with relatively higher price momentum. It lends securities to earn income for the fund.
Fund Info
| ISIN | US31635V5545 |
|---|---|
| CUSIP | 31635V554 |
| Issuer | Fidelity |
| Inception Date | Feb 9, 2017 |
| Category | Large Cap Growth Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FUMIX has an expense ratio of 0.11%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FUMIX vs. ALVOX, FUMIX vs. SCHD, FUMIX vs. FUQIX, FUMIX vs. IBOT, FUMIX vs. FSPGX, FUMIX vs. SPMO, FUMIX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity SAI U.S. Momentum Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity SAI U.S. Momentum Index Fund had a return of 22.63% year-to-date (YTD) and 36.87% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 22.63% | 18.10% |
| 1 month | -1.81% | 1.42% |
| 6 months | 5.43% | 9.39% |
| 1 year | 36.87% | 26.58% |
| 5 years (annualized) | 14.50% | 13.42% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of FUMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.11% | 9.44% | 3.33% | -4.87% | 5.12% | 5.31% | -1.86% | 3.30% | 22.63% | ||||
| 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% |
| 2020 | 3.26% | -7.56% | -10.92% | 11.76% | 6.12% | 3.94% | 6.49% | 9.59% | -3.90% | -3.67% | 10.60% | 3.72% | 29.92% |
| 2019 | 5.26% | 3.77% | 2.13% | 1.78% | -2.51% | 5.76% | 1.40% | 1.23% | -1.24% | 0.29% | 2.63% | 1.64% | 24.16% |
| 2018 | 8.22% | -1.67% | -3.48% | 1.04% | 3.49% | -0.54% | 2.46% | 5.26% | 1.02% | -9.72% | 1.45% | -7.51% | -1.41% |
| 2017 | 0.39% | -0.29% | 0.98% | 1.56% | 2.11% | 3.00% | 1.09% | 2.52% | 4.94% | 2.61% | 0.15% | 20.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FUMIX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity SAI U.S. Momentum Index Fund granted a 2.89% dividend yield in the last twelve months. The annual payout for that period amounted to $0.47 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $2.41 | $0.29 | $3.48 | $1.45 | $0.29 | $0.45 | $0.11 |
Dividend yield | 2.89% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.20 | $1.45 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.17 | $0.29 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.09 | $0.45 |
| 2017 | $0.04 | $0.00 | $0.00 | $0.07 | $0.11 |
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.
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.
The current Fidelity SAI U.S. Momentum Index Fund drawdown is 5.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.36% | Feb 20, 2020 | 23 | Mar 23, 2020 | 72 | Jul 6, 2020 | 95 |
| -27.66% | Nov 9, 2021 | 153 | Jun 17, 2022 | 402 | Jan 25, 2024 | 555 |
| -21.31% | Oct 2, 2018 | 58 | Dec 24, 2018 | 122 | Jun 20, 2019 | 180 |
| -13.97% | Feb 16, 2021 | 15 | Mar 8, 2021 | 75 | Jun 23, 2021 | 90 |
| -12.37% | Jul 11, 2024 | 18 | Aug 5, 2024 | — | — | — |
Volatility
Volatility Chart
The current Fidelity SAI U.S. Momentum Index Fund volatility is 6.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.