FSAHX vs. FSKAX
Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Total Market Index Fund (FSKAX).
FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAHX or FSKAX.
Performance
FSAHX vs. FSKAX - Performance Comparison
Returns By Period
In the year-to-date period, FSAHX achieves a 7.73% return, which is significantly lower than FSKAX's 23.69% return. Over the past 10 years, FSAHX has underperformed FSKAX with an annualized return of 3.70%, while FSKAX has yielded a comparatively higher 12.32% annualized return.
FSAHX
7.73%
0.13%
4.77%
11.32%
3.81%
3.70%
FSKAX
23.69%
0.53%
11.48%
32.12%
14.65%
12.32%
Key characteristics
| FSAHX | FSKAX | |
|---|---|---|
| Sharpe Ratio | 4.38 | 2.57 |
| Sortino Ratio | 8.02 | 3.44 |
| Omega Ratio | 2.30 | 1.47 |
| Calmar Ratio | 9.93 | 3.77 |
| Martin Ratio | 42.10 | 16.47 |
| Ulcer Index | 0.27% | 1.97% |
| Daily Std Dev | 2.54% | 12.62% |
| Max Drawdown | -16.77% | -35.01% |
| Current Drawdown | -0.33% | -2.41% |
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FSAHX vs. FSKAX - Expense Ratio Comparison
FSAHX has a 0.75% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Correlation
The correlation between FSAHX and FSKAX is 0.42, 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.
Risk-Adjusted Performance
FSAHX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Total Market Index Fund (FSKAX). 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. FSKAX - Dividend Comparison
FSAHX's dividend yield for the trailing twelve months is around 6.19%, more than FSKAX's 1.17% 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% |
FSKAX Fidelity Total Market Index Fund | 1.17% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FSAHX vs. FSKAX - Drawdown Comparison
The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FSAHX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FSAHX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 0.61%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.27%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.