FSAHX vs. HYG
Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAHX or HYG.
Performance
FSAHX vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, FSAHX achieves a 7.73% return, which is significantly lower than HYG's 8.38% return. Over the past 10 years, FSAHX has underperformed HYG with an annualized return of 3.70%, while HYG has yielded a comparatively higher 3.98% annualized return.
FSAHX
7.73%
0.13%
4.77%
11.32%
3.81%
3.70%
HYG
8.38%
-0.09%
6.28%
13.25%
3.63%
3.98%
Key characteristics
| FSAHX | HYG | |
|---|---|---|
| Sharpe Ratio | 4.38 | 2.91 |
| Sortino Ratio | 8.02 | 4.53 |
| Omega Ratio | 2.30 | 1.57 |
| Calmar Ratio | 9.93 | 2.58 |
| Martin Ratio | 42.10 | 21.83 |
| Ulcer Index | 0.27% | 0.62% |
| Daily Std Dev | 2.54% | 4.66% |
| Max Drawdown | -16.77% | -34.24% |
| Current Drawdown | -0.33% | -0.59% |
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FSAHX vs. HYG - Expense Ratio Comparison
FSAHX has a 0.75% expense ratio, which is higher than HYG's 0.49% expense ratio.
Correlation
The correlation between FSAHX and HYG is 0.57, 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. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
FSAHX's dividend yield for the trailing twelve months is around 6.19%, less than HYG's 6.37% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.37% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
FSAHX vs. HYG - Drawdown Comparison
The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for FSAHX and HYG. For additional features, visit the drawdowns tool.
Volatility
FSAHX vs. HYG - Volatility Comparison
The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 0.60%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.11%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.