- Issuer
- Fidelity
- Inception Date
- Oct 13, 2020
- Category
- Ultrashort Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FZOLX Performance Chart
Fidelity SAI Low Duration Income Fund (FZOLX) is up 1.4% since the beginning of the year. FZOLX is currently trading at $10 per share. Investors who bought $1,000 worth of FZOLX shares 5 years ago would now be looking at an investment worth $1,189.
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Returns By Period
Fidelity SAI Low Duration Income Fund (FZOLX) has returned 1.36% so far this year and 4.26% over the past 12 months.
Fidelity SAI Low Duration Income Fund
- 1D
- 0.10%
- 1M
- 0.32%
- YTD
- 1.36%
- 6M
- 1.80%
- 1Y
- 4.26%
- 3Y*
- 5.14%
- 5Y*
- 3.53%
- 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%
FZOLX Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 2020, FZOLX'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, 81% of months were positive and 19% were negative. The best month was Jan 2023 with a return of +0.7%, while the worst month was Jun 2022 at -0.3%. The longest winning streak lasted 44 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FZOLX closed higher 12% of trading days. The best single day was May 31, 2024 with a return of +0.5%, while the worst single day was Jun 23, 2023 at -0.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.32% | 0.28% | 0.13% | 0.31% | 0.32% | 0.00% | 1.36% | ||||||
| 2025 | 0.44% | 0.42% | 0.37% | 0.34% | 0.35% | 0.44% | 0.34% | 0.54% | 0.33% | 0.41% | 0.34% | 0.42% | 4.85% |
| 2024 | 0.56% | 0.35% | 0.38% | 0.36% | 0.56% | 0.36% | 0.64% | 0.54% | 0.63% | 0.26% | 0.43% | 0.38% | 5.59% |
| 2023 | 0.69% | 0.26% | 0.29% | 0.49% | 0.33% | 0.32% | 0.63% | 0.44% | 0.43% | 0.44% | 0.64% | 0.61% | 5.72% |
| 2022 | -0.08% | -0.18% | -0.27% | 0.03% | -0.04% | -0.30% | 0.10% | 0.27% | -0.20% | 0.12% | 0.37% | 0.53% | 0.34% |
| 2021 | 0.00% | 0.01% | -0.09% | 0.11% | 0.01% | 0.01% | 0.01% | 0.02% | 0.01% | -0.07% | 0.02% | -0.08% | -0.04% |
Benchmark Metrics
Fidelity SAI Low Duration Income Fund has an annualized alpha of 3.06%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 15, 2020.
- This fund captured 6.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.24%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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
- 3.06%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 6.00%
- Downside Capture
- -6.24%
Expense Ratio
FZOLX has an expense ratio of 0.22%, which is considered low.
Return for Risk
Risk / Return Rank
FZOLX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity SAI Low Duration Income Fund (FZOLX) 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.
| FZOLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +7.46 | ||
| Omega ratioGain probability vs. loss probability | 3.47 | 1.37 | +2.10 |
| Calmar ratioReturn relative to maximum drawdown | 14.30 | 2.78 | +11.52 |
| Martin ratioReturn relative to average drawdown | 74.38 | 12.44 | +61.95 |
Dividends
Dividend History
Fidelity SAI Low Duration Income Fund provided a 5.09% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.53 | $0.52 | $0.41 | $0.11 | $0.02 | $0.00 |
Dividend yield | 5.09% | 5.26% | 5.15% | 4.03% | 1.14% | 0.16% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Low Duration Income 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 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.13 | $0.53 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.13 | $0.52 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.03 | $0.03 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
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 Low Duration Income 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 Low Duration Income Fund was 1.10%, occurring on Jul 13, 2022. Recovery took 119 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -1.10%Jul 2022 | 8mo 7d | 5mo 20d | 1y 1moNov 2021 - Dec 2022 |
2023 pullback2023 | -0.30%Jun 2023 | 0s | 3d | 3dJun 2023 - Jun 2023 |
2023 pullback2023 | -0.30%Mar 2023 | 2d | 15d | 17dMar 2023 - Mar 2023 |
2026 pullback2026 | -0.30%Mar 2026 | 22d | 5d | 27dMar 2026 - Mar 2026 |
2024 pullback2024 | -0.30%Dec 2024 | 0s | 3d | 3dDec 2024 - Dec 2024 |
Drawdown Indicators
| FZOLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.10% | -56.78% | +55.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -9.10% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -18.90% | +18.60% |
Max Drawdown (5Y)Largest decline over 5 years | -1.10% | -25.43% | +24.33% |
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 | -0.13% | -10.71% | +10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 2.03% | -1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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