FSAHX vs. JNK
Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and SPDR Barclays High Yield Bond ETF (JNK).
FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAHX or JNK.
Performance
FSAHX vs. JNK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FSAHX having a 7.73% return and JNK slightly lower at 7.65%. Both investments have delivered pretty close results over the past 10 years, with FSAHX having a 3.70% annualized return and JNK not far ahead at 3.72%.
FSAHX
7.73%
0.13%
4.77%
11.32%
3.81%
3.70%
JNK
7.65%
-0.11%
5.53%
12.66%
3.54%
3.72%
Key characteristics
| FSAHX | JNK | |
|---|---|---|
| Sharpe Ratio | 4.38 | 2.77 |
| Sortino Ratio | 8.02 | 4.24 |
| Omega Ratio | 2.30 | 1.53 |
| Calmar Ratio | 9.93 | 2.18 |
| Martin Ratio | 42.10 | 20.93 |
| Ulcer Index | 0.27% | 0.62% |
| Daily Std Dev | 2.54% | 4.67% |
| Max Drawdown | -16.77% | -38.48% |
| Current Drawdown | -0.33% | -0.64% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSAHX vs. JNK - Expense Ratio Comparison
FSAHX has a 0.75% expense ratio, which is higher than JNK's 0.40% expense ratio.
Correlation
The correlation between FSAHX and JNK is 0.58, 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. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and SPDR Barclays High Yield Bond ETF (JNK). 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. JNK - Dividend Comparison
FSAHX's dividend yield for the trailing twelve months is around 6.19%, less than JNK's 6.56% 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% |
JNK SPDR Barclays High Yield Bond ETF | 6.56% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
FSAHX vs. JNK - Drawdown Comparison
The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FSAHX and JNK. For additional features, visit the drawdowns tool.
Volatility
FSAHX vs. JNK - Volatility Comparison
The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 0.60%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.17%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.