FSCJX vs. FIBUX

Last updated Aug 4, 2026

FSCJX (Fidelity SAI Canada Equity Index Fund) and FIBUX (Fidelity Flex U.S. Bond Index Fund) are both mutual funds - FSCJX is a Canada Equities fund tracking the MSCI Canada Index, while FIBUX is a Total Bond Market fund managed by Fidelity. Over the past year, FSCJX returned 31.25% vs 1.53% for FIBUX. Their 0.25 correlation means their historical movements had little consistent relationship. FSCJX charges 0.12%/yr vs 0.00%/yr for FIBUX.

Performance

FSCJX vs. FIBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Canada Equity Index Fund (FSCJX) and Fidelity Flex U.S. Bond Index Fund (FIBUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCJX achieves a 10.67% return, which is significantly higher than FIBUX's -0.85% return.

FSCJX

• 1D: -0.82%
• 1M: 2.60%
• 6M: 9.37%
• YTD: 10.67%
• 1Y: 31.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.42%

FIBUX

• 1D: -0.22%
• 1M: -1.43%
• 6M: -0.97%
• YTD: -0.85%
• 1Y: 1.53%
• 3Y*: 3.79%
• 5Y*: -0.57%
• 10Y*: —
• ALL TIME*: 1.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIBUX Fidelity Flex U.S. Bond Index Fund	$0.00	$0.00	$0.00
FSCJX Fidelity SAI Canada Equity Index Fund	$0.00	$0.00	$0.00

FSCJX vs. FIBUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FSCJX Fidelity SAI Canada Equity Index Fund	10.67%	36.41%	5.14%
FIBUX Fidelity Flex U.S. Bond Index Fund	-0.85%	7.20%	0.76%

Correlation

The correlation between FSCJX and FIBUX is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (All Time) Calculated using the full available price history since Jul 16, 2024	0.25

Return for Risk

FSCJX vs. FIBUX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSCJX

FSCJX Risk / Return Rank: 87
FSCJX Sharpe Ratio Rank: 88
FSCJX Sortino Ratio Rank: 80
FSCJX Omega Ratio Rank: 80
FSCJX Calmar Ratio Rank: 91
FSCJX Martin Ratio Rank: 93

FIBUX

FIBUX Risk / Return Rank: 14
FIBUX Sharpe Ratio Rank: 15
FIBUX Sortino Ratio Rank: 14
FIBUX Omega Ratio Rank: 13
FIBUX Calmar Ratio Rank: 15
FIBUX Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSCJX vs. FIBUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Canada Equity Index Fund (FSCJX) and Fidelity Flex U.S. Bond Index Fund (FIBUX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FSCJX	FIBUX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	0.64	+1.57
Sortino ratio: Return per unit of downside risk	2.86	0.93	+1.93
Omega ratio: Gain probability vs. loss probability	1.38	1.11	+0.27
Calmar ratio: Return relative to maximum drawdown	3.71	0.82	+2.88
Martin ratio: Return relative to average drawdown	14.61	1.99	+12.62

FSCJX vs. FIBUX - Sharpe Ratio Comparison

The current FSCJX Sharpe Ratio is 2.21, which is higher than the FIBUX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of FSCJX and FIBUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSCJX vs. FIBUX - Drawdown Comparison

The maximum FSCJX drawdown since its inception was -12.43%, smaller than the maximum FIBUX drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for FSCJX and FIBUX.

Drawdown Indicators

	FSCJX	FIBUX	Difference
Max Drawdown Largest peak-to-trough decline	-12.43%	-19.76%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-2.97%	-5.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.34%	—
Current Drawdown Current decline from peak	-0.88%	-4.70%	+3.82%
Average Drawdown Average peak-to-trough decline	-1.60%	-5.76%	+4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.22%	+0.89%

Volatility

FSCJX vs. FIBUX - Volatility Comparison

Fidelity SAI Canada Equity Index Fund (FSCJX) has a higher volatility of 3.01% compared to Fidelity Flex U.S. Bond Index Fund (FIBUX) at 0.99%. This indicates that FSCJX's price experiences larger fluctuations and is considered to be riskier than FIBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCJX	FIBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	0.99%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	11.26%	3.02%	+8.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	3.87%	+10.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	6.04%	+9.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	5.09%	+10.00%

FSCJX vs. FIBUX - Expense Ratio Comparison

FSCJX has a 0.12% expense ratio, which is higher than FIBUX's 0.00% 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%.

Dividends

FSCJX vs. FIBUX - Dividend Comparison

FSCJX's dividend yield for the trailing twelve months is around 1.21%, less than FIBUX's 3.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIBUX Fidelity Flex U.S. Bond Index Fund	3.82%	3.95%	3.65%	2.93%	1.62%	1.18%	2.32%	2.96%	2.70%	2.45%
FSCJX Fidelity SAI Canada Equity Index Fund	1.21%	1.34%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSCJX and FIBUX in my portfolio?

FSCJX and FIBUX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCJX or FIBUX?

FSCJX has higher volatility (3.01%) compared to FIBUX (0.99%). In terms of maximum drawdown, FSCJX dropped -12.43% vs FIBUX's -19.76%.

Which has better risk-adjusted returns?

FSCJX currently has the higher Sharpe Ratio (2.21 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.