FHSNX vs. FSRKX

Last updated Aug 1, 2026

FHSNX (Fidelity Health Savings Index Fund) and FSRKX (Fidelity Strategic Real Return Fund Class K6) are both Diversified Portfolio funds from Fidelity. Over the past 5 years, FHSNX returned 3.50%/yr vs 5.72%/yr for FSRKX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. FHSNX charges 0.20%/yr vs 0.51%/yr for FSRKX.

Performance

FHSNX vs. FSRKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Health Savings Index Fund (FHSNX) and Fidelity Strategic Real Return Fund Class K6 (FSRKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHSNX achieves a 5.21% return, which is significantly lower than FSRKX's 6.99% return.

FHSNX

• 1D: 0.80%
• 1M: -0.24%
• 6M: 3.22%
• YTD: 5.21%
• 1Y: 11.02%
• 3Y*: 9.13%
• 5Y*: 3.50%
• 10Y*: —
• ALL TIME*: 6.38%

FSRKX

• 1D: 0.00%
• 1M: 0.64%
• 6M: 3.39%
• YTD: 6.99%
• 1Y: 13.35%
• 3Y*: 8.30%
• 5Y*: 5.72%
• 10Y*: —
• ALL TIME*: 6.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHSNX Fidelity Health Savings Index Fund	$0.00	$0.00	$0.00
FSRKX Fidelity Strategic Real Return Fund Class K6	$0.00	$0.00	$0.00

FHSNX vs. FSRKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FHSNX Fidelity Health Savings Index Fund	5.21%	12.26%	7.18%	9.32%	-15.16%	5.16%	20.21%
FSRKX Fidelity Strategic Real Return Fund Class K6	6.99%	10.59%	6.00%	4.81%	-3.13%	16.06%	12.53%

Correlation

The correlation between FHSNX and FSRKX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020	0.65

Over the past year, the correlation between FHSNX and FSRKX has dropped to 0.45 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

FHSNX vs. FSRKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FHSNX

FHSNX Risk / Return Rank: 76
FHSNX Sharpe Ratio Rank: 75
FHSNX Sortino Ratio Rank: 74
FHSNX Omega Ratio Rank: 76
FHSNX Calmar Ratio Rank: 74
FHSNX Martin Ratio Rank: 81

FSRKX

FSRKX Risk / Return Rank: 91
FSRKX Sharpe Ratio Rank: 95
FSRKX Sortino Ratio Rank: 91
FSRKX Omega Ratio Rank: 91
FSRKX Calmar Ratio Rank: 92
FSRKX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FHSNX vs. FSRKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Health Savings Index Fund (FHSNX) and Fidelity Strategic Real Return Fund Class K6 (FSRKX). 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.

	FHSNX	FSRKX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.56	-0.79
Sortino ratio: Return per unit of downside risk	2.53	3.47	-0.93
Omega ratio: Gain probability vs. loss probability	1.34	1.50	-0.16
Calmar ratio: Return relative to maximum drawdown	2.42	3.55	-1.13
Martin ratio: Return relative to average drawdown	9.95	11.71	-1.76

FHSNX vs. FSRKX - Sharpe Ratio Comparison

The current FHSNX Sharpe Ratio is 1.77, which is lower than the FSRKX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of FHSNX and FSRKX, 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

FHSNX vs. FSRKX - Drawdown Comparison

The maximum FHSNX drawdown since its inception was -19.53%, roughly equal to the maximum FSRKX drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for FHSNX and FSRKX.

Drawdown Indicators

	FHSNX	FSRKX	Difference
Max Drawdown Largest peak-to-trough decline	-19.53%	-19.93%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-4.41%	-3.60%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-5.73%	-5.84%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-19.53%	-12.74%	-6.79%
Current Drawdown Current decline from peak	-1.14%	-2.37%	+1.23%
Average Drawdown Average peak-to-trough decline	-4.75%	-3.19%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	1.11%	-0.04%

Volatility

FHSNX vs. FSRKX - Volatility Comparison

Fidelity Health Savings Index Fund (FHSNX) and Fidelity Strategic Real Return Fund Class K6 (FSRKX) have volatilities of 1.83% and 1.83%, 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

	FHSNX	FSRKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.83%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	5.19%	3.90%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	6.05%	5.06%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.10%	6.94%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.33%	7.75%	-0.42%

FHSNX vs. FSRKX - Expense Ratio Comparison

FHSNX has a 0.20% expense ratio, which is lower than FSRKX's 0.51% expense ratio.

Dividends

FHSNX vs. FSRKX - Dividend Comparison

FHSNX's dividend yield for the trailing twelve months is around 2.93%, less than FSRKX's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FHSNX Fidelity Health Savings Index Fund	2.72%	2.93%	3.06%	3.01%	3.71%	2.57%	1.62%	0.00%
FSRKX Fidelity Strategic Real Return Fund Class K6	3.29%	4.83%	4.98%	5.38%	7.38%	5.43%	2.31%	1.16%

Frequently Asked Questions

Can I hold both FHSNX and FSRKX in my portfolio?

FHSNX and FSRKX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHSNX or FSRKX?

FSRKX has higher volatility (1.83%) compared to FHSNX (1.83%). In terms of maximum drawdown, FHSNX dropped -19.53% vs FSRKX's -19.93%.

Which has better risk-adjusted returns?

FSRKX currently has the higher Sharpe Ratio (2.56 vs 1.77), 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.