FSAHX vs. FCBFX
Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Corporate Bond Fund (FCBFX).
FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. FCBFX is managed by Fidelity. It was launched on May 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAHX or FCBFX.
Performance
FSAHX vs. FCBFX - Performance Comparison
Returns By Period
In the year-to-date period, FSAHX achieves a 7.73% return, which is significantly higher than FCBFX's 3.14% return. Over the past 10 years, FSAHX has outperformed FCBFX with an annualized return of 3.70%, while FCBFX has yielded a comparatively lower 2.47% annualized return.
FSAHX
7.73%
0.13%
4.77%
11.32%
3.81%
3.70%
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
Key characteristics
| FSAHX | FCBFX | |
|---|---|---|
| Sharpe Ratio | 4.38 | 1.44 |
| Sortino Ratio | 8.02 | 2.14 |
| Omega Ratio | 2.30 | 1.26 |
| Calmar Ratio | 9.93 | 0.54 |
| Martin Ratio | 42.10 | 5.62 |
| Ulcer Index | 0.27% | 1.57% |
| Daily Std Dev | 2.54% | 6.12% |
| Max Drawdown | -16.77% | -23.12% |
| Current Drawdown | -0.33% | -8.60% |
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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.
Correlation
The correlation between FSAHX and FCBFX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
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.
Dividends
FSAHX vs. FCBFX - Dividend Comparison
FSAHX's dividend yield for the trailing twelve months is around 6.19%, more than FCBFX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAHX Fidelity Short Duration High Income Fund | 6.19% | 5.97% | 4.35% | 3.39% | 3.48% | 4.23% | 4.51% | 4.11% | 4.31% | 4.83% | 3.61% | 0.00% |
FCBFX Fidelity Corporate Bond Fund | 3.92% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
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.
Volatility
FSAHX vs. FCBFX - Volatility Comparison
The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 0.61%, while Fidelity Corporate Bond Fund (FCBFX) has a volatility of 1.92%. 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.