FSHGX vs. HYG
Compare and contrast key facts about Fidelity SAI High Income Fund (FSHGX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
FSHGX is managed by Fidelity Investments. It was launched on May 20, 2021. 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: FSHGX or HYG.
Correlation
The correlation between FSHGX and HYG is 0.62, 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
FSHGX vs. HYG - Performance Comparison
Key characteristics
FSHGX:
3.52
HYG:
2.40
FSHGX:
5.92
HYG:
3.52
FSHGX:
1.86
HYG:
1.45
FSHGX:
6.21
HYG:
4.30
FSHGX:
21.65
HYG:
16.65
FSHGX:
0.51%
HYG:
0.61%
FSHGX:
3.15%
HYG:
4.20%
FSHGX:
-15.08%
HYG:
-34.24%
FSHGX:
-0.11%
HYG:
-0.09%
Returns By Period
In the year-to-date period, FSHGX achieves a 1.48% return, which is significantly lower than HYG's 1.78% return.
FSHGX
1.48%
0.93%
4.72%
11.11%
N/A
N/A
HYG
1.78%
0.74%
3.97%
10.04%
3.23%
3.97%
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FSHGX vs. HYG - Expense Ratio Comparison
FSHGX has a 0.60% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
FSHGX vs. HYG — Risk-Adjusted Performance Rank
FSHGX
HYG
FSHGX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI High Income Fund (FSHGX) 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
FSHGX vs. HYG - Dividend Comparison
FSHGX's dividend yield for the trailing twelve months is around 6.10%, less than HYG's 6.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHGX Fidelity SAI High Income Fund | 6.10% | 6.15% | 5.47% | 5.21% | 2.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.37% | 6.49% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
FSHGX vs. HYG - Drawdown Comparison
The maximum FSHGX drawdown since its inception was -15.08%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for FSHGX and HYG. For additional features, visit the drawdowns tool.
Volatility
FSHGX vs. HYG - Volatility Comparison
The current volatility for Fidelity SAI High Income Fund (FSHGX) is 0.74%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 0.92%. This indicates that FSHGX 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.