FSAHX vs. BALI

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and Blackrock Advantage Large Cap Income ETF (BALI).

FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.

Performance

FSAHX vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Short Duration High Income Fund (FSAHX) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

FSAHX vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FSAHX Fidelity Short Duration High Income Fund	-0.12%	7.75%	8.23%	5.46%
BALI Blackrock Advantage Large Cap Income ETF	-0.91%	14.51%	22.38%	9.52%

Returns By Period

In the year-to-date period, FSAHX achieves a -0.12% return, which is significantly higher than BALI's -0.91% return.

FSAHX

• 1D: 0.57%
• 1M: -1.00%
• YTD: -0.12%
• 6M: 1.30%
• 1Y: 6.83%
• 3Y*: 7.73%
• 5Y*: 4.08%
• 10Y*: 4.67%

BALI

• 1D: 0.71%
• 1M: -3.34%
• YTD: -0.91%
• 6M: 1.25%
• 1Y: 17.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSAHX vs. BALI - Expense Ratio Comparison

FSAHX has a 0.75% expense ratio, which is higher than BALI's 0.35% expense ratio.

FSAHX

Fidelity Short Duration High Income Fund

BALI

Blackrock Advantage Large Cap Income ETF

Return for Risk

FSAHX vs. BALI — Risk / Return Rank

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

FSAHX

FSAHX Risk / Return Rank: 94
FSAHX Sharpe Ratio Rank: 93
FSAHX Sortino Ratio Rank: 95
FSAHX Omega Ratio Rank: 95
FSAHX Calmar Ratio Rank: 92
FSAHX Martin Ratio Rank: 95

BALI

BALI Risk / Return Rank: 66
BALI Sharpe Ratio Rank: 62
BALI Sortino Ratio Rank: 63
BALI Omega Ratio Rank: 69
BALI Calmar Ratio Rank: 62
BALI Martin Ratio Rank: 76

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.

FSAHX vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	FSAHX	BALI	Difference
Sharpe ratio Return per unit of total volatility	2.13	1.13	+0.99
Sortino ratio Return per unit of downside risk	3.19	1.66	+1.53
Omega ratio Gain probability vs. loss probability	1.52	1.26	+0.25
Calmar ratio Return relative to maximum drawdown	2.85	1.64	+1.21
Martin ratio Return relative to average drawdown	13.11	8.32	+4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSAHX vs. BALI - Sharpe Ratio Comparison

The current FSAHX Sharpe Ratio is 2.13, which is higher than the BALI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FSAHX and BALI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSAHX	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.13	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.40	-0.53

Correlation

The correlation between FSAHX and BALI is 0.48, 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.

Dividends

FSAHX vs. BALI - Dividend Comparison

FSAHX's dividend yield for the trailing twelve months is around 6.92%, less than BALI's 9.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSAHX Fidelity Short Duration High Income Fund	6.92%	7.36%	6.53%	5.97%	3.26%	2.85%	3.19%	4.22%	4.52%	4.11%	4.73%	4.40%
BALI Blackrock Advantage Large Cap Income ETF	9.08%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FSAHX vs. BALI - Drawdown Comparison

The maximum FSAHX drawdown since its inception was -16.77%, roughly equal to the maximum BALI drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for FSAHX and BALI.

Drawdown Indicators

	FSAHX	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-16.77%	-16.65%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	-10.86%	+8.28%
Max Drawdown (5Y) Largest decline over 5 years	-9.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.77%	—	—
Current Drawdown Current decline from peak	-1.11%	-3.64%	+2.53%
Average Drawdown Average peak-to-trough decline	-1.57%	-1.71%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	2.13%	-1.57%

Volatility

FSAHX vs. BALI - Volatility Comparison

The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 1.25%, while Blackrock Advantage Large Cap Income ETF (BALI) has a volatility of 4.62%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSAHX	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	4.62%	-3.37%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	7.96%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	15.60%	-12.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.82%	13.13%	-9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.24%	13.13%	-8.89%