Fidelity SAI Low Duration Income Fund (FZOLX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FZOLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FZOLX
FZOLX charges 0.22% annually. There are 7 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | FZOLX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | FZOLX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FZOLX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FZOLX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | FZOLX vs DFYGX |
Best Risk-Adjusted Alternatives to FZOLX
FZOLX has a PortfoliosLab risk / return rank of 99. There are 22 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | FZOLX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FZOLX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FZOLX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FZOLX vs PAIPX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | FZOLX vs FHQFX |
Top Performing FZOLX Alternatives (YTD)
FZOLX is at 1.26% YTD. There are 42 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | FZOLX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | FZOLX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | FZOLX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | FZOLX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | FZOLX vs TSDUX |
Lowest Volatility Alternatives to FZOLX
FZOLX has 1.29% 1-year volatility. There are 25 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | FZOLX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | FZOLX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | FZOLX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | FZOLX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | FZOLX vs BUBIX |
Lowest Drawdown Alternatives to FZOLX
FZOLX has a 1-year max drawdown of -0.30%. There are 17 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | FZOLX vs UGSDX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FZOLX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FZOLX vs FHQFX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | FZOLX vs BUBSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | FZOLX vs MUIIX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 65 | 9.79% | — | Feb 1988 | FZOLX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 96 | 89.12% | — | Jul 1985 | FZOLX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 65 | 10.41% | — | — | FZOLX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 10.43% | — | — | FZOLX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 21 | 3.18% | — | — | FZOLX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 68 | 16.84% | — | Dec 1987 | FZOLX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 37 | 8.62% | 176.32B | May 1967 | FZOLX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 62 | 9.63% | — | — | FZOLX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 39 | 10.74% | — | Nov 1997 | FZOLX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 66 | 15.70% | — | Jun 2016 | FZOLX vs FTIHX |
Often Compared With FZOLX
Investors most often compare FZOLX with SGOV, FCNVX, BILS. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FZOLX with Any Fund or Stock
Compare FZOLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FZOLX with funds that move differently
Fidelity SAI Low Duration Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FZOLX.
Explore FZOLX Diversifiers