FSIGX vs. PSDSX
FSIGX (Fidelity Series Investment Grade Bond Fund) and PSDSX (Palmer Square Ultra-Short Duration Investment Grade Fund) are both mutual funds - FSIGX is a Investment Grade Bonds fund managed by Fidelity, while PSDSX is a Ultrashort Bond fund managed by Palmer Square. Over the past 5 years, FSIGX returned 0.03%/yr vs 2.74%/yr for PSDSX. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
FSIGX vs. PSDSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSIGX achieves a -0.48% return, which is significantly lower than PSDSX's 1.39% return.
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%
PSDSX
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.04%
- YTD
- 1.39%
- 1Y
- 3.18%
- 3Y*
- 4.04%
- 5Y*
- 2.74%
- 10Y*
- —
- ALL TIME*
- 2.27%
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. PSDSX - 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% |
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund | 1.39% | 3.67% | 4.43% | 4.69% | -0.28% | 0.05% | 1.59% | 3.00% | 1.84% | 1.51% |
Correlation
The correlation between FSIGX and PSDSX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSIGX vs. PSDSX — Risk / Return Rank
FSIGX
PSDSX
FSIGX vs. PSDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Bond Fund (FSIGX) and Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX). 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 | PSDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 4.19 | -3.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 4.66 | -3.58 |
| Martin ratioReturn relative to average drawdown | 2.62 | 22.02 | -19.39 |
Loading charts...
Drawdowns
FSIGX vs. PSDSX - Drawdown Comparison
The maximum FSIGX drawdown since its inception was -18.22%, which is greater than PSDSX's maximum drawdown of -3.03%. Use the drawdown chart below to compare losses from any high point for FSIGX and PSDSX.
Loading charts...
Drawdown Indicators
| FSIGX | PSDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -3.03% | -15.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -0.80% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -1.29% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -1.52% | -16.70% |
Max Drawdown (10Y)Largest decline over 10 years | -18.22% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | 0.00% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -0.19% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.16% | +1.06% |
Volatility
FSIGX vs. PSDSX - Volatility Comparison
Fidelity Series Investment Grade Bond Fund (FSIGX) has a higher volatility of 1.02% compared to Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) at 0.11%. This indicates that FSIGX's price experiences larger fluctuations and is considered to be riskier than PSDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSIGX | PSDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.11% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 0.88% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 0.97% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 1.35% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 1.08% | +3.95% |
Dividends
FSIGX vs. PSDSX - Dividend Comparison
FSIGX's dividend yield for the trailing twelve months is around 3.97%, more than PSDSX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund | 3.49% | 3.57% | 4.06% | 3.57% | 1.70% | 0.50% | 1.21% | 2.51% | 2.18% | 1.50% | 0.00% | 0.00% |
Frequently Asked Questions
FSIGX and PSDSX have a correlation of 0.29, 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 PSDSX (0.11%). In terms of maximum drawdown, FSIGX dropped -18.22% vs PSDSX's -3.03%.
PSDSX currently has the higher Sharpe Ratio (3.82 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.
Find the right allocation for FSIGX and PSDSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer