FSAJX vs. VTI
Compare and contrast key facts about Fidelity SAI Tax-Free Bond Fund (FSAJX) and Vanguard Total Stock Market ETF (VTI).
FSAJX is managed by Fidelity. It was launched on Oct 2, 2018. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on Jun 27, 2016.
Performance
FSAJX vs. VTI - Performance Comparison
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FSAJX vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSAJX Fidelity SAI Tax-Free Bond Fund | -0.38% | 5.25% | 1.80% | 7.67% | -9.82% | 1.98% | 3.91% | 8.45% | 1.95% |
VTI Vanguard Total Stock Market ETF | -3.29% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -14.33% |
Returns By Period
In the year-to-date period, FSAJX achieves a -0.38% return, which is significantly higher than VTI's -3.29% return.
FSAJX
- 1D
- 0.30%
- 1M
- -2.25%
- YTD
- -0.38%
- 6M
- 1.07%
- 1Y
- 3.98%
- 3Y*
- 3.70%
- 5Y*
- 1.17%
- 10Y*
- —
VTI
- 1D
- 0.76%
- 1M
- -4.38%
- YTD
- -3.29%
- 6M
- -1.26%
- 1Y
- 18.60%
- 3Y*
- 18.14%
- 5Y*
- 10.63%
- 10Y*
- 13.69%
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FSAJX vs. VTI - Expense Ratio Comparison
FSAJX has a 0.25% expense ratio, which is higher than VTI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FSAJX vs. VTI — Risk / Return Rank
FSAJX
VTI
FSAJX vs. VTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Tax-Free Bond Fund (FSAJX) and Vanguard Total Stock Market ETF (VTI). 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.
| FSAJX | VTI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.98 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.52 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.54 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.89 | 7.30 | -3.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSAJX | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.98 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.61 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.48 | +0.09 |
Correlation
The correlation between FSAJX and VTI is 0.04, 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.
Dividends
FSAJX vs. VTI - Dividend Comparison
FSAJX's dividend yield for the trailing twelve months is around 3.28%, more than VTI's 1.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAJX Fidelity SAI Tax-Free Bond Fund | 3.28% | 4.25% | 3.08% | 2.75% | 1.72% | 1.50% | 2.03% | 2.79% | 0.44% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.17% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Drawdowns
FSAJX vs. VTI - Drawdown Comparison
The maximum FSAJX drawdown since its inception was -15.16%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for FSAJX and VTI.
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Drawdown Indicators
| FSAJX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.16% | -55.45% | +40.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.78% | -12.30% | +7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -25.36% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -2.53% | -5.54% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -8.08% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 2.60% | -1.19% |
Volatility
FSAJX vs. VTI - Volatility Comparison
The current volatility for Fidelity SAI Tax-Free Bond Fund (FSAJX) is 1.18%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 5.48%. This indicates that FSAJX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAJX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 5.48% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 9.75% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 19.02% | -14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.08% | 17.41% | -13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 18.29% | -13.64% |