FHPFX vs. FNSOX
Compare and contrast key facts about Fidelity Series Investment Grade Securitized Fund (FHPFX) and Fidelity Short-Term Bond Index Fund (FNSOX).
FHPFX is managed by Fidelity. It was launched on Aug 17, 2018. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Performance
FHPFX vs. FNSOX - Performance Comparison
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FHPFX vs. FNSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 0.25% | 8.76% | 1.81% | 5.29% | -12.28% | -1.06% | 4.84% | 6.69% | 1.41% |
FNSOX Fidelity Short-Term Bond Index Fund | -0.12% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.20% |
Returns By Period
In the year-to-date period, FHPFX achieves a 0.25% return, which is significantly higher than FNSOX's -0.12% return.
FHPFX
- 1D
- 0.22%
- 1M
- -1.41%
- YTD
- 0.25%
- 6M
- 1.61%
- 1Y
- 5.24%
- 3Y*
- 4.43%
- 5Y*
- 0.53%
- 10Y*
- —
FNSOX
- 1D
- 0.10%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.91%
- 1Y
- 3.80%
- 3Y*
- 4.25%
- 5Y*
- 1.58%
- 10Y*
- —
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FHPFX vs. FNSOX - Expense Ratio Comparison
FHPFX has a 0.00% expense ratio, which is lower than FNSOX's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FHPFX vs. FNSOX — Risk / Return Rank
FHPFX
FNSOX
FHPFX vs. FNSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Securitized Fund (FHPFX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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.
| FHPFX | FNSOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.74 | -0.53 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.68 | -0.94 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.79 | -0.67 |
Martin ratioReturn relative to average drawdown | 5.97 | 10.34 | -4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHPFX | FNSOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.74 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.56 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.83 | -0.50 |
Correlation
The correlation between FHPFX and FNSOX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FHPFX vs. FNSOX - Dividend Comparison
FHPFX's dividend yield for the trailing twelve months is around 4.09%, more than FNSOX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 4.09% | 4.41% | 4.54% | 3.53% | 1.70% | 0.58% | 3.20% | 3.81% | 1.16% | 0.00% |
FNSOX Fidelity Short-Term Bond Index Fund | 3.14% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% |
Drawdowns
FHPFX vs. FNSOX - Drawdown Comparison
The maximum FHPFX drawdown since its inception was -17.93%, which is greater than FNSOX's maximum drawdown of -8.92%. Use the drawdown chart below to compare losses from any high point for FHPFX and FNSOX.
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Drawdown Indicators
| FHPFX | FNSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -8.92% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -1.47% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -8.77% | -9.02% |
Current DrawdownCurrent decline from peak | -1.84% | -1.08% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -1.75% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.40% | +0.62% |
Volatility
FHPFX vs. FNSOX - Volatility Comparison
Fidelity Series Investment Grade Securitized Fund (FHPFX) has a higher volatility of 1.56% compared to Fidelity Short-Term Bond Index Fund (FNSOX) at 0.75%. This indicates that FHPFX's price experiences larger fluctuations and is considered to be riskier than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHPFX | FNSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.75% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 1.37% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 2.21% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 2.86% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 2.48% | +3.20% |