FSIGX vs. FSHBX
FSIGX (Fidelity Series Investment Grade Bond Fund) and FSHBX (Fidelity Short-Term Bond Fund) are both mutual funds - FSIGX is a Investment Grade Bonds fund managed by Fidelity, while FSHBX is a Short-Term Bond fund actively managed by Fidelity. Over the past 10 years, FSIGX returned 2.10%/yr vs 2.08%/yr for FSHBX. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
FSIGX vs. FSHBX - Performance Comparison
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Returns By Period
In the year-to-date period, FSIGX achieves a -0.48% return, which is significantly lower than FSHBX's 0.65% return. Both investments have delivered pretty close results over the past 10 years, with FSIGX having a 2.10% annualized return and FSHBX not far behind at 2.08%.
FSIGX
- 1D
- 0.00%
- 1M
- -1.19%
- 6M
- -0.73%
- YTD
- -0.48%
- 1Y
- 1.91%
- 3Y*
- 4.14%
- 5Y*
- 0.03%
- 10Y*
- 2.10%
- ALL TIME*
- 3.84%
FSHBX
- 1D
- 0.12%
- 1M
- -0.12%
- 6M
- 0.31%
- YTD
- 0.65%
- 1Y
- 2.62%
- 3Y*
- 4.68%
- 5Y*
- 2.23%
- 10Y*
- 2.08%
- ALL TIME*
- 3.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSIGX vs. FSHBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | -0.48% | 7.65% | 1.79% | 6.82% | -13.30% | -0.67% | 9.71% | 9.75% | -0.15% | 4.39% |
FSHBX Fidelity Short-Term Bond Fund | 0.65% | 5.49% | 4.73% | 5.35% | -3.86% | -0.92% | 3.59% | 4.20% | 1.21% | 1.16% |
Correlation
The correlation between FSIGX and FSHBX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2008 | 0.68 |
The correlation between FSIGX and FSHBX has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
FSIGX vs. FSHBX — Risk / Return Rank
FSIGX
FSHBX
FSIGX vs. FSHBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Bond Fund (FSIGX) and Fidelity Short-Term Bond Fund (FSHBX). 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.
| FSIGX | FSHBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.87 | -1.80 |
| Martin ratioReturn relative to average drawdown | 2.62 | 10.61 | -7.98 |
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Drawdowns
FSIGX vs. FSHBX - Drawdown Comparison
The maximum FSIGX drawdown since its inception was -18.22%, which is greater than FSHBX's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for FSIGX and FSHBX.
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Drawdown Indicators
| FSIGX | FSHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -8.80% | -9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -1.17% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -1.17% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -6.36% | -11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -18.22% | -6.51% | -11.71% |
Current DrawdownCurrent decline from peak | -2.48% | -0.24% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -1.04% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.32% | +0.90% |
Volatility
FSIGX vs. FSHBX - Volatility Comparison
Fidelity Series Investment Grade Bond Fund (FSIGX) has a higher volatility of 1.02% compared to Fidelity Short-Term Bond Fund (FSHBX) at 0.44%. This indicates that FSIGX's price experiences larger fluctuations and is considered to be riskier than FSHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSIGX | FSHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.44% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 1.45% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 1.92% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 2.23% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 1.86% | +3.17% |
Dividends
FSIGX vs. FSHBX - Dividend Comparison
FSIGX's dividend yield for the trailing twelve months is around 3.97%, more than FSHBX's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 3.79% | 4.26% | 4.00% | 3.00% | 0.83% | 1.04% | 2.62% | 2.13% | 1.78% | 1.27% | 1.12% | 0.88% |
FSIGX Fidelity Series Investment Grade Bond Fund | 3.97% | 4.24% | 4.01% | 4.00% | 2.37% | 1.88% | 6.32% | 3.09% | 3.20% | 2.86% | 4.32% | 3.07% |
Frequently Asked Questions
FSIGX and FSHBX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSIGX has higher volatility (1.02%) compared to FSHBX (0.44%). In terms of maximum drawdown, FSIGX dropped -18.22% vs FSHBX's -8.80%.
FSHBX currently has the higher Sharpe Ratio (1.76 vs 0.83), 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.
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