- Issuer
- Fidelity
- Inception Date
- Oct 13, 2020
- Category
- Short-Term Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FZOMX Performance Chart
Fidelity SAI Short-Term Bond Fund (FZOMX) is up 0.7% since the beginning of the year. FZOMX is currently trading at $10 per share. Investors who bought $1,000 worth of FZOMX shares 5 years ago would now be looking at an investment worth $1,122.
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Returns By Period
Fidelity SAI Short-Term Bond Fund (FZOMX) has returned 0.72% so far this year and 3.86% over the past 12 months.
Fidelity SAI Short-Term Bond Fund
- 1D
- 0.10%
- 1M
- 0.24%
- YTD
- 0.72%
- 6M
- 1.07%
- 1Y
- 3.86%
- 3Y*
- 4.90%
- 5Y*
- 2.33%
- 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%
FZOMX Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 2020, FZOMX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.
Historically, 59% of months were positive and 41% were negative. The best month was Dec 2023 with a return of +1.3%, while the worst month was Mar 2022 at -1.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.
On a daily basis, FZOMX closed higher 27% of trading days. The best single day was Mar 13, 2023 with a return of +0.6%, while the worst single day was Jun 13, 2022 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 0.50% | -0.28% | 0.23% | 0.24% | -0.31% | 0.72% | ||||||
| 2025 | 0.57% | 0.64% | 0.48% | 0.66% | -0.05% | 0.76% | -0.05% | 0.98% | 0.34% | 0.25% | 0.54% | 0.25% | 5.51% |
| 2024 | 0.44% | -0.21% | 0.34% | -0.28% | 0.78% | 0.55% | 1.20% | 0.88% | 0.86% | -0.46% | 0.35% | 0.16% | 4.71% |
| 2023 | 1.03% | -0.65% | 1.18% | 0.45% | -0.26% | -0.27% | 0.51% | 0.41% | -0.02% | 0.21% | 1.26% | 1.27% | 5.21% |
| 2022 | -0.67% | -0.48% | -1.39% | -0.47% | 0.36% | -0.73% | 0.52% | -0.64% | -1.36% | -0.20% | 1.01% | 0.29% | -3.71% |
| 2021 | -0.10% | -0.06% | -0.17% | 0.14% | 0.14% | -0.07% | 0.23% | -0.07% | -0.07% | -0.43% | -0.07% | -0.16% | -0.69% |
Benchmark Metrics
Fidelity SAI Short-Term Bond Fund has an annualized alpha of 1.95%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 15, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.86%) than losses (4.04%) - typical of diversified or defensive assets.
- Beta of 0.01 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
- 1.95%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 6.86%
- Downside Capture
- 4.04%
Expense Ratio
FZOMX has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FZOMX ranks 73 for risk / return — better than 73% 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 Short-Term Bond Fund (FZOMX) 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.
| FZOMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.78 | +0.37 |
| Martin ratioReturn relative to average drawdown | 13.97 | 12.44 | +1.53 |
Dividends
Dividend History
Fidelity SAI Short-Term Bond Fund provided a 4.54% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.45 | $0.41 | $0.31 | $0.07 | $0.04 | $0.01 |
Dividend yield | 4.54% | 4.64% | 4.27% | 3.26% | 0.76% | 0.41% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Short-Term 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 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.07 | $0.45 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.41 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.02 | $0.02 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 |
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 Short-Term 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 Short-Term Bond Fund was 6.12%, occurring on Oct 20, 2022. Recovery took 294 trading sessions.
The current Fidelity SAI Short-Term Bond Fund drawdown is 0.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -6.12%Oct 2022 | 1y 2mo | 1y 2mo | 2y 4moAug 2021 - Dec 2023 |
2026 pullback2026 | -1.23%Mar 2026 | 24d | 1mo 11d | 2mo 5dMar 2026 - May 2026 |
2024 pullback2024 | -0.92%Oct 2024 | 26d | 2mo 20d | 3mo 16dOct 2024 - Jan 2025 |
2024 pullback2024 | -0.73%Apr 2024 | 11d | 17d | 28dApr 2024 - May 2024 |
2024 pullback2024 | -0.72%Feb 2024 | 20d | 1mo 5d | 1mo 25dFeb 2024 - Mar 2024 |
Drawdown Indicators
| FZOMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.12% | -56.78% | +50.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -9.10% | +7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.23% | -18.90% | +17.67% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -25.43% | +19.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.31% | -1.80% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -10.71% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 2.03% | -1.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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