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FSAHX vs. FCBFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSAHX and FCBFX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

FSAHX vs. FCBFX - Performance Comparison

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

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Key characteristics

Sharpe Ratio

FSAHX:

2.40

FCBFX:

0.90

Sortino Ratio

FSAHX:

3.54

FCBFX:

1.32

Omega Ratio

FSAHX:

1.65

FCBFX:

1.15

Calmar Ratio

FSAHX:

2.25

FCBFX:

0.41

Martin Ratio

FSAHX:

10.17

FCBFX:

2.55

Ulcer Index

FSAHX:

0.73%

FCBFX:

2.04%

Daily Std Dev

FSAHX:

3.09%

FCBFX:

5.87%

Max Drawdown

FSAHX:

-16.77%

FCBFX:

-23.12%

Current Drawdown

FSAHX:

-0.13%

FCBFX:

-7.53%

Returns By Period

In the year-to-date period, FSAHX achieves a 1.33% return, which is significantly higher than FCBFX's 1.18% return. Over the past 10 years, FSAHX has outperformed FCBFX with an annualized return of 3.63%, while FCBFX has yielded a comparatively lower 2.38% annualized return.


FSAHX

YTD

1.33%

1M

3.03%

6M

1.97%

1Y

7.43%

5Y*

4.99%

10Y*

3.63%

FCBFX

YTD

1.18%

1M

1.71%

6M

0.13%

1Y

5.31%

5Y*

0.22%

10Y*

2.38%

*Annualized

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FSAHX vs. FCBFX - Expense Ratio Comparison

FSAHX has a 0.75% expense ratio, which is higher than FCBFX's 0.44% expense ratio.


Risk-Adjusted Performance

FSAHX vs. FCBFX — Risk-Adjusted Performance Rank

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

FSAHX
The Risk-Adjusted Performance Rank of FSAHX is 9595
Overall Rank
The Sharpe Ratio Rank of FSAHX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FSAHX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of FSAHX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FSAHX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FSAHX is 9494
Martin Ratio Rank

FCBFX
The Risk-Adjusted Performance Rank of FCBFX is 6767
Overall Rank
The Sharpe Ratio Rank of FCBFX is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of FCBFX is 7676
Sortino Ratio Rank
The Omega Ratio Rank of FCBFX is 6767
Omega Ratio Rank
The Calmar Ratio Rank of FCBFX is 5252
Calmar Ratio Rank
The Martin Ratio Rank of FCBFX is 6666
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSAHX vs. FCBFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Corporate Bond Fund (FCBFX). 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.


The current FSAHX Sharpe Ratio is 2.40, which is higher than the FCBFX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FSAHX and FCBFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FSAHX vs. FCBFX - Dividend Comparison

FSAHX's dividend yield for the trailing twelve months is around 6.52%, more than FCBFX's 4.06% yield.


TTM20242023202220212020201920182017201620152014
FSAHX
Fidelity Short Duration High Income Fund
6.52%6.52%5.97%4.35%3.39%3.48%4.23%4.52%4.11%4.31%4.83%3.61%
FCBFX
Fidelity Corporate Bond Fund
4.06%3.94%3.74%3.37%2.53%2.58%3.29%3.64%3.17%3.26%3.32%3.07%

Drawdowns

FSAHX vs. FCBFX - Drawdown Comparison

The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum FCBFX drawdown of -23.12%. Use the drawdown chart below to compare losses from any high point for FSAHX and FCBFX. For additional features, visit the drawdowns tool.


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Volatility

FSAHX vs. FCBFX - Volatility Comparison

The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 1.13%, while Fidelity Corporate Bond Fund (FCBFX) has a volatility of 1.56%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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