FHMFX vs. SIDCX

Last updated Jun 23, 2026

FHMFX (Fidelity Series Corporate Bond Fund) and SIDCX (SEI Institutional Investments Trust Intermediate Duration Credit Fund) are both Corporate Bonds funds. Over the past 5 years, FHMFX returned 0.43%/yr vs -0.21%/yr for SIDCX. With a 0.96 correlation, they move nearly in lockstep. FHMFX charges 0.00%/yr vs 0.32%/yr for SIDCX.

Performance

FHMFX vs. SIDCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Corporate Bond Fund (FHMFX) and SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHMFX achieves a 0.75% return, which is significantly higher than SIDCX's 0.60% return.

FHMFX

• 1D: 0.21%
• 1M: 0.96%
• YTD: 0.75%
• 6M: 1.16%
• 1Y: 5.71%
• 3Y*: 5.94%
• 5Y*: 0.43%
• 10Y*: —

SIDCX

• 1D: 0.23%
• 1M: 0.98%
• YTD: 0.60%
• 6M: 1.00%
• 1Y: 5.25%
• 3Y*: 4.62%
• 5Y*: -0.21%
• 10Y*: 2.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHMFX vs. SIDCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FHMFX Fidelity Series Corporate Bond Fund	0.75%	8.18%	3.13%	9.11%	-17.03%	-1.41%	10.15%	14.45%	-0.24%
SIDCX SEI Institutional Investments Trust Intermediate Duration Credit Fund	0.60%	7.40%	1.92%	6.58%	-15.78%	-1.66%	10.68%	12.43%	-0.04%

Correlation

The correlation between FHMFX and SIDCX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.96

The correlation between FHMFX and SIDCX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

FHMFX vs. SIDCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHMFX

FHMFX Risk / Return Rank: 25
FHMFX Sharpe Ratio Rank: 25
FHMFX Sortino Ratio Rank: 26
FHMFX Omega Ratio Rank: 24
FHMFX Calmar Ratio Rank: 25
FHMFX Martin Ratio Rank: 25

SIDCX

SIDCX Risk / Return Rank: 22
SIDCX Sharpe Ratio Rank: 21
SIDCX Sortino Ratio Rank: 23
SIDCX Omega Ratio Rank: 20
SIDCX Calmar Ratio Rank: 24
SIDCX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHMFX vs. SIDCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Corporate Bond Fund (FHMFX) and SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FHMFX	SIDCX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.24	+0.09
Sortino ratio: Return per unit of downside risk	1.98	1.86	+0.11
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.02
Calmar ratio: Return relative to maximum drawdown	1.77	1.71	+0.06
Martin ratio: Return relative to average drawdown	5.68	5.21	+0.46

FHMFX vs. SIDCX - Sharpe Ratio Comparison

The current FHMFX Sharpe Ratio is 1.33, which is comparable to the SIDCX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FHMFX and SIDCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHMFX vs. SIDCX - Drawdown Comparison

The maximum FHMFX drawdown since its inception was -22.95%, which is greater than SIDCX's maximum drawdown of -21.47%. Use the drawdown chart below to compare losses from any high point for FHMFX and SIDCX.

Drawdown Indicators

	FHMFX	SIDCX	Difference
Max Drawdown Largest peak-to-trough decline	-22.95%	-21.47%	-1.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-3.10%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-6.45%	-6.38%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-22.95%	-21.39%	-1.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.47%	—
Current Drawdown Current decline from peak	-0.96%	-2.80%	+1.84%
Average Drawdown Average peak-to-trough decline	-6.28%	-5.21%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.01%	0.00%

Volatility

FHMFX vs. SIDCX - Volatility Comparison

Fidelity Series Corporate Bond Fund (FHMFX) and SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX) have volatilities of 1.35% and 1.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHMFX	SIDCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	1.33%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	3.25%	3.24%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	4.27%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.70%	6.42%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.50%	5.71%	+0.79%

FHMFX vs. SIDCX - Expense Ratio Comparison

FHMFX has a 0.00% expense ratio, which is lower than SIDCX's 0.32% expense ratio.

Dividends

FHMFX vs. SIDCX - Dividend Comparison

FHMFX's dividend yield for the trailing twelve months is around 4.83%, more than SIDCX's 4.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHMFX Fidelity Series Corporate Bond Fund	4.83%	4.70%	4.52%	4.07%	2.65%	2.42%	3.05%	3.90%	1.49%	0.00%	0.00%	0.00%
SIDCX SEI Institutional Investments Trust Intermediate Duration Credit Fund	4.70%	4.61%	4.20%	2.99%	2.36%	3.57%	4.93%	3.07%	3.16%	2.77%	2.75%	1.89%

Frequently Asked Questions

Can I hold both FHMFX and SIDCX in my portfolio?

With a correlation of 0.97, FHMFX and SIDCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FHMFX or SIDCX?

FHMFX has higher volatility (1.35%) compared to SIDCX (1.33%). In terms of maximum drawdown, FHMFX dropped -22.95% vs SIDCX's -21.47%.

Which has better risk-adjusted returns?

FHMFX currently has the higher Sharpe Ratio (1.33 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.