PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FSMOX vs. APBDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSMOX vs. APBDX

Last updated Jun 23, 2026

FSMOX (Fidelity SAI Investment Grade Securitized Fund) and APBDX (Cavanal Hill Bond Fund) are both Intermediate Core Bond funds. Over the past 3 years, FSMOX returned 4.09%/yr vs 3.93%/yr for APBDX. Their correlation of 0.92 suggests significant overlap in exposure. FSMOX charges 0.33%/yr vs 0.72%/yr for APBDX.

Performance

FSMOX vs. APBDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Investment Grade Securitized Fund (FSMOX) and Cavanal Hill Bond Fund (APBDX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FSMOX achieves a 0.88% return, which is significantly higher than APBDX's 0.41% return.

FSMOX

1D
0.20%
1M
0.90%
YTD
0.88%
6M
1.21%
1Y
6.38%
3Y*
4.09%
5Y*
—
10Y*
—

APBDX

1D
0.12%
1M
1.04%
YTD
0.41%
6M
0.85%
1Y
4.27%
3Y*
3.93%
5Y*
-0.22%
10Y*
1.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSMOX vs. APBDX - Yearly Performance Comparison

2026 (YTD)202520242023
FSMOX
Fidelity SAI Investment Grade Securitized Fund		0.88%8.52%1.45%1.16%
APBDX
Cavanal Hill Bond Fund		0.41%6.49%1.90%2.05%

Correlation

The correlation between FSMOX and APBDX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (All Time)
Calculated using the full available price history since May 17, 2023

0.92

The correlation between FSMOX and APBDX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity SAI Investment Grade Securitized Fund

Cavanal Hill Bond Fund

Often compared with FSMOX:
FSMOX vs. QGROFSMOX vs. BCRIXFSMOX vs. CMPIXFSMOX vs. ETIRXFSMOX vs. FMBPXFSMOX vs. KCCIXFSMOX vs. DSFIX
Often compared with APBDX:
APBDX vs. DUTMXAPBDX vs. APUSXAPBDX vs. APLIXAPBDX vs. MCDWXAPBDX vs. JIBEXAPBDX vs. APENXAPBDX vs. FEDUX

Return for Risk

FSMOX vs. APBDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSMOX
FSMOX Risk / Return Rank: 3636
Overall Rank
FSMOX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
FSMOX Sortino Ratio Rank: 3939
Sortino Ratio Rank
FSMOX Omega Ratio Rank: 3636
Omega Ratio Rank
FSMOX Calmar Ratio Rank: 3939
Calmar Ratio Rank
FSMOX Martin Ratio Rank: 3232
Martin Ratio Rank
APBDX
APBDX Risk / Return Rank: 2020
Overall Rank
APBDX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
APBDX Sortino Ratio Rank: 2121
Sortino Ratio Rank
APBDX Omega Ratio Rank: 1818
Omega Ratio Rank
APBDX Calmar Ratio Rank: 2121
Calmar Ratio Rank
APBDX Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSMOX vs. APBDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Investment Grade Securitized Fund (FSMOX) and Cavanal Hill Bond Fund (APBDX). 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.

FSMOXAPBDXDifference
Sharpe ratioReturn per unit of total volatility
1.61
1.17

+0.44

Sortino ratioReturn per unit of downside risk
2.44
1.80

+0.64

Omega ratioGain probability vs. loss probability

1.29

1.21

+0.08

Calmar ratioReturn relative to maximum drawdown

2.27

1.57

+0.70

Martin ratioReturn relative to average drawdown

6.97

4.37

+2.61

FSMOX vs. APBDX - Sharpe Ratio Comparison

The current FSMOX Sharpe Ratio is 1.61, which is higher than the APBDX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FSMOX and APBDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

FSMOX vs. APBDX - Drawdown Comparison

The maximum FSMOX drawdown since its inception was -8.65%, smaller than the maximum APBDX drawdown of -18.21%. Use the drawdown chart below to compare losses from any high point for FSMOX and APBDX.

Loading charts...

Drawdown Indicators

FSMOXAPBDXDifference

Max Drawdown

Largest peak-to-trough decline

-8.65%

-18.21%

+9.56%

Max Drawdown (1Y)

Largest decline over 1 year

-2.84%

-2.83%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-5.81%

-2.66%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.21%

—

Current Drawdown

Current decline from peak

-1.26%

-2.15%

+0.89%

Average Drawdown

Average peak-to-trough decline

-1.76%

-2.58%

+0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.92%

1.01%

-0.09%

Volatility

FSMOX vs. APBDX - Volatility Comparison

Fidelity SAI Investment Grade Securitized Fund (FSMOX) has a higher volatility of 1.33% compared to Cavanal Hill Bond Fund (APBDX) at 0.97%. This indicates that FSMOX's price experiences larger fluctuations and is considered to be riskier than APBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FSMOXAPBDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

0.97%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

2.94%

2.64%

+0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

4.00%

3.79%

+0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.18%

5.73%

+0.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.18%

4.73%

+1.45%

FSMOX vs. APBDX - Expense Ratio Comparison

FSMOX has a 0.33% expense ratio, which is lower than APBDX's 0.72% expense ratio.

Dividends

FSMOX vs. APBDX - Dividend Comparison

FSMOX's dividend yield for the trailing twelve months is around 4.47%, more than APBDX's 3.73% yield.

PositionTTM20252024202320222021202020192018201720162015
APBDX
Cavanal Hill Bond Fund		3.73%3.54%3.45%2.65%2.41%1.85%1.79%2.24%2.16%1.62%1.97%1.79%
FSMOX
Fidelity SAI Investment Grade Securitized Fund		4.47%4.44%5.07%1.21%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FSMOX and APBDX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FSMOX has higher volatility (1.33%) compared to APBDX (0.97%). In terms of maximum drawdown, FSMOX dropped -8.65% vs APBDX's -18.21%.

FSMOX currently has the higher Sharpe Ratio (1.61 vs 1.17), 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.

Portfolio Optimizer

Find the right allocation for FSMOX and APBDX

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