FHQFX vs. FZOLX
Compare and contrast key facts about Fidelity Series Treasury Bill Index Fund (FHQFX) and Fidelity SAI Low Duration Income Fund (FZOLX).
FHQFX is managed by Fidelity Investments. It was launched on Aug 28, 2018. FZOLX is managed by Fidelity Investments. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHQFX or FZOLX.
Correlation
The correlation between FHQFX and FZOLX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FHQFX vs. FZOLX - Performance Comparison
Key characteristics
FHQFX:
3.66
FZOLX:
4.07
FHQFX:
23.36
FZOLX:
19.42
FHQFX:
11.45
FZOLX:
7.87
FHQFX:
53.18
FZOLX:
55.86
FHQFX:
132.63
FZOLX:
113.91
FHQFX:
0.04%
FZOLX:
0.05%
FHQFX:
1.46%
FZOLX:
1.36%
FHQFX:
-0.20%
FZOLX:
-1.02%
FHQFX:
0.00%
FZOLX:
-0.00%
Returns By Period
In the year-to-date period, FHQFX achieves a 0.37% return, which is significantly lower than FZOLX's 0.45% return.
FHQFX
0.37%
0.37%
2.52%
5.37%
2.56%
N/A
FZOLX
0.45%
0.45%
2.49%
5.55%
N/A
N/A
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FHQFX vs. FZOLX - Expense Ratio Comparison
FHQFX has a 0.00% expense ratio, which is lower than FZOLX's 0.22% 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%.
Risk-Adjusted Performance
FHQFX vs. FZOLX — Risk-Adjusted Performance Rank
FHQFX
FZOLX
FHQFX vs. FZOLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and Fidelity SAI Low Duration Income Fund (FZOLX). 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.
Dividends
FHQFX vs. FZOLX - Dividend Comparison
FHQFX's dividend yield for the trailing twelve months is around 5.02%, less than FZOLX's 5.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FHQFX Fidelity Series Treasury Bill Index Fund | 5.02% | 5.10% | 5.13% | 1.82% | 0.06% | 0.85% | 2.31% | 0.43% |
FZOLX Fidelity SAI Low Duration Income Fund | 5.11% | 5.12% | 4.02% | 1.52% | 0.15% | 0.03% | 0.00% | 0.00% |
Drawdowns
FHQFX vs. FZOLX - Drawdown Comparison
The maximum FHQFX drawdown since its inception was -0.20%, smaller than the maximum FZOLX drawdown of -1.02%. Use the drawdown chart below to compare losses from any high point for FHQFX and FZOLX. For additional features, visit the drawdowns tool.
Volatility
FHQFX vs. FZOLX - Volatility Comparison
Fidelity Series Treasury Bill Index Fund (FHQFX) and Fidelity SAI Low Duration Income Fund (FZOLX) have volatilities of 0.37% and 0.38%, 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.