FSHBX vs. GSSRX
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Goldman Sachs Short Duration Bond Fund (GSSRX).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHBX or GSSRX.
Key characteristics
| FSHBX | GSSRX | |
|---|---|---|
| YTD Return | 4.44% | 4.32% |
| 1Y Return | 6.50% | 7.36% |
| 3Y Return (Ann) | 1.74% | 1.45% |
| 5Y Return (Ann) | 1.63% | 1.99% |
| 10Y Return (Ann) | 1.63% | 2.06% |
| Sharpe Ratio | 2.96 | 2.93 |
| Sortino Ratio | 5.09 | 4.86 |
| Omega Ratio | 1.77 | 1.67 |
| Calmar Ratio | 3.41 | 2.05 |
| Martin Ratio | 19.08 | 18.57 |
| Ulcer Index | 0.32% | 0.38% |
| Daily Std Dev | 2.09% | 2.43% |
| Max Drawdown | -6.54% | -8.53% |
| Current Drawdown | -0.59% | -0.68% |
Correlation
The correlation between FSHBX and GSSRX is 0.64, 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.
Performance
FSHBX vs. GSSRX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSHBX having a 4.44% return and GSSRX slightly lower at 4.32%. Over the past 10 years, FSHBX has underperformed GSSRX with an annualized return of 1.63%, while GSSRX has yielded a comparatively higher 2.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSHBX vs. GSSRX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is lower than GSSRX's 0.48% expense ratio.
Risk-Adjusted Performance
FSHBX vs. GSSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) and Goldman Sachs Short Duration Bond Fund (GSSRX). 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
FSHBX vs. GSSRX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 4.00%, more than GSSRX's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 4.00% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
GSSRX Goldman Sachs Short Duration Bond Fund | 3.81% | 3.15% | 2.18% | 1.36% | 2.16% | 2.86% | 2.55% | 2.21% | 2.08% | 2.43% | 1.61% | 1.44% |
Drawdowns
FSHBX vs. GSSRX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, smaller than the maximum GSSRX drawdown of -8.53%. Use the drawdown chart below to compare losses from any high point for FSHBX and GSSRX. For additional features, visit the drawdowns tool.
Volatility
FSHBX vs. GSSRX - Volatility Comparison
Fidelity Short-Term Bond Fund (FSHBX) and Goldman Sachs Short Duration Bond Fund (GSSRX) have volatilities of 0.59% and 0.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.