FSAHX vs. CLF.TO

Last updated Jun 9, 2026

FSAHX (Fidelity Short Duration High Income Fund) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both funds - FSAHX is a High Yield Bonds fund managed by Fidelity, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Over the past 10 years, FSAHX returned 4.50%/yr vs 0.65%/yr for CLF.TO. At a 0.20 correlation, their price movements are largely independent. FSAHX charges 0.75%/yr vs 0.17%/yr for CLF.TO.

Performance

FSAHX vs. CLF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Short Duration High Income Fund (FSAHX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FSAHX is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FSAHX achieves a 2.62% return, which is significantly higher than CLF.TO's -1.09% return. Over the past 10 years, FSAHX has outperformed CLF.TO with an annualized return of 4.50%, while CLF.TO has yielded a comparatively lower 0.65% annualized return.

FSAHX

• 1D: -0.33%
• 1M: 0.05%
• YTD: 2.62%
• 6M: 3.15%
• 1Y: 8.43%
• 3Y*: 8.37%
• 5Y*: 4.38%
• 10Y*: 4.50%

CLF.TO

• 1D: -0.33%
• 1M: -1.91%
• YTD: -1.09%
• 6M: 0.22%
• 1Y: 0.58%
• 3Y*: 2.76%
• 5Y*: -1.13%
• 10Y*: 0.65%

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

FSAHX vs. CLF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSAHX Fidelity Short Duration High Income Fund	2.62%	7.75%	7.74%	10.29%	-7.06%	2.78%	3.69%	9.32%	-1.24%	4.96%
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF	-1.09%	8.31%	-3.36%	7.12%	-9.71%	-1.22%	7.37%	6.88%	-6.20%	6.74%

Correlation

The correlation between FSAHX and CLF.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 20, 2013	0.20

Return for Risk

FSAHX vs. CLF.TO — 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: 89
FSAHX Sortino Ratio Rank: 97
FSAHX Omega Ratio Rank: 94
FSAHX Calmar Ratio Rank: 92
FSAHX Martin Ratio Rank: 97

CLF.TO

CLF.TO Risk / Return Rank: 41
CLF.TO Sharpe Ratio Rank: 41
CLF.TO Sortino Ratio Rank: 39
CLF.TO Omega Ratio Rank: 42
CLF.TO Calmar Ratio Rank: 43
CLF.TO Martin Ratio Rank: 38

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. CLF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). 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	CLF.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.84	0.12	+2.71
Sortino ratio: Return per unit of downside risk	5.38	0.22	+5.16
Omega ratio: Gain probability vs. loss probability	1.72	1.02	+0.70
Calmar ratio: Return relative to maximum drawdown	4.75	0.17	+4.58
Martin ratio: Return relative to average drawdown	25.31	0.41	+24.90
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. CLF.TO - Sharpe Ratio Comparison

The current FSAHX Sharpe Ratio is 2.84, which is higher than the CLF.TO Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of FSAHX and CLF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSAHX	CLF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	0.12	+2.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	-0.16	+1.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	0.09	+0.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.06	+0.85

Drawdowns

FSAHX vs. CLF.TO - Drawdown Comparison

The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum CLF.TO drawdown of -27.88%. Use the drawdown chart below to compare losses from any high point for FSAHX and CLF.TO.

Drawdown Indicators

	FSAHX	CLF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.77%	-27.88%	+11.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.78%	-3.33%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-3.30%	-7.33%	+4.03%
Max Drawdown (5Y) Largest decline over 5 years	-9.43%	-17.86%	+8.43%
Max Drawdown (10Y) Largest decline over 10 years	-16.77%	-18.06%	+1.29%
Current Drawdown Current decline from peak	-0.44%	-11.63%	+11.19%
Average Drawdown Average peak-to-trough decline	-1.55%	-12.27%	+10.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	1.40%	-1.07%

Volatility

FSAHX vs. CLF.TO - Volatility Comparison

The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 0.83%, while iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) has a volatility of 1.08%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than CLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSAHX	CLF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	1.08%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	2.24%	3.81%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	2.98%	4.78%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	7.02%	-3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.25%	7.41%	-3.16%

FSAHX vs. CLF.TO - Expense Ratio Comparison

FSAHX has a 0.75% expense ratio, which is higher than CLF.TO's 0.17% expense ratio.

Dividends

FSAHX vs. CLF.TO - Dividend Comparison

FSAHX's dividend yield for the trailing twelve months is around 7.31%, more than CLF.TO's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF	2.25%	2.22%	2.22%	2.23%	2.10%	1.98%	2.15%	2.46%	2.67%	2.91%	3.12%	3.29%
FSAHX Fidelity Short Duration High Income Fund	7.31%	7.36%	6.08%	5.97%	3.26%	2.85%	3.19%	4.22%	4.52%	4.11%	4.73%	4.40%

Frequently Asked Questions

Can I hold both FSAHX and CLF.TO in my portfolio?

FSAHX and CLF.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.