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FSMOX vs. QGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSMOX vs. QGRO

Last updated Jun 23, 2026

FSMOX (Fidelity SAI Investment Grade Securitized Fund) and QGRO (American Century U.S. Quality Growth ETF) are both funds - FSMOX is a Intermediate Core Bond fund managed by Fidelity, while QGRO is a Large Cap Growth Equities fund tracking the American Century U.S. Quality Growth Index. Over the past 3 years, FSMOX returned 4.09%/yr vs 20.91%/yr for QGRO. At a 0.18 correlation, their price movements are largely independent. FSMOX charges 0.33%/yr vs 0.29%/yr for QGRO.

Performance

FSMOX vs. QGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Investment Grade Securitized Fund (FSMOX) and American Century U.S. Quality Growth ETF (QGRO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FSMOX achieves a 0.88% return, which is significantly lower than QGRO's 2.67% return.

FSMOX

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

QGRO

1D
0.01%
1M
2.62%
YTD
2.67%
6M
0.92%
1Y
13.27%
3Y*
20.91%
5Y*
11.79%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSMOX vs. QGRO - Yearly Performance Comparison

2026 (YTD)202520242023
FSMOX
Fidelity SAI Investment Grade Securitized Fund		0.88%8.52%1.45%1.16%
QGRO
American Century U.S. Quality Growth ETF		2.67%15.18%31.42%20.56%

Correlation

The correlation between FSMOX and QGRO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.19

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

0.18

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Fidelity SAI Investment Grade Securitized Fund

American Century U.S. Quality Growth ETF

Often compared with FSMOX:
FSMOX vs. BCRIXFSMOX vs. CMPIXFSMOX vs. ETIRXFSMOX vs. FMBPXFSMOX vs. KCCIXFSMOX vs. DSFIXFSMOX vs. APBDX
Often compared with QGRO:
QGRO vs. QQQQGRO vs. SPYQGRO vs. QUALQGRO vs. VUGQGRO vs. BIAWXQGRO vs. ELFNXQGRO vs. VALQ

Return for Risk

FSMOX vs. QGRO — 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
QGRO
QGRO Risk / Return Rank: 2323
Overall Rank
QGRO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
QGRO Sortino Ratio Rank: 2323
Sortino Ratio Rank
QGRO Omega Ratio Rank: 2222
Omega Ratio Rank
QGRO Calmar Ratio Rank: 2222
Calmar Ratio Rank
QGRO Martin Ratio Rank: 2525
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. QGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Investment Grade Securitized Fund (FSMOX) and American Century U.S. Quality Growth ETF (QGRO). 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.

FSMOXQGRODifference
Sharpe ratioReturn per unit of total volatility
1.61
0.84

+0.77

Sortino ratioReturn per unit of downside risk
2.44
1.25

+1.19

Omega ratioGain probability vs. loss probability

1.29

1.15

+0.14

Calmar ratioReturn relative to maximum drawdown

2.27

0.98

+1.28

Martin ratioReturn relative to average drawdown

6.97

3.29

+3.69

FSMOX vs. QGRO - Sharpe Ratio Comparison

The current FSMOX Sharpe Ratio is 1.61, which is higher than the QGRO Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of FSMOX and QGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FSMOX vs. QGRO - Drawdown Comparison

The maximum FSMOX drawdown since its inception was -8.65%, smaller than the maximum QGRO drawdown of -32.56%. Use the drawdown chart below to compare losses from any high point for FSMOX and QGRO.

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Drawdown Indicators

FSMOXQGRODifference

Max Drawdown

Largest peak-to-trough decline

-8.65%

-32.56%

+23.91%

Max Drawdown (1Y)

Largest decline over 1 year

-2.84%

-13.54%

+10.70%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-23.82%

+15.35%

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.86%

—

Current Drawdown

Current decline from peak

-1.26%

-0.74%

-0.52%

Average Drawdown

Average peak-to-trough decline

-1.76%

-7.64%

+5.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.92%

4.05%

-3.13%

Volatility

FSMOX vs. QGRO - Volatility Comparison

The current volatility for Fidelity SAI Investment Grade Securitized Fund (FSMOX) is 1.33%, while American Century U.S. Quality Growth ETF (QGRO) has a volatility of 5.46%. This indicates that FSMOX experiences smaller price fluctuations and is considered to be less risky than QGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSMOXQGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

5.46%

-4.13%

Volatility (6M)

Calculated over the trailing 6-month period

2.94%

12.49%

-9.55%

Volatility (1Y)

Calculated over the trailing 1-year period

4.00%

15.91%

-11.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.18%

21.15%

-14.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.18%

22.92%

-16.74%

FSMOX vs. QGRO - Expense Ratio Comparison

FSMOX has a 0.33% expense ratio, which is higher than QGRO's 0.29% expense ratio.

Dividends

FSMOX vs. QGRO - Dividend Comparison

FSMOX's dividend yield for the trailing twelve months is around 4.47%, more than QGRO's 0.25% yield.

PositionTTM20252024202320222021202020192018
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%
QGRO
American Century U.S. Quality Growth ETF		0.25%0.25%0.25%0.41%0.46%0.31%0.22%0.38%0.13%

Frequently Asked Questions

FSMOX and QGRO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QGRO has higher volatility (5.46%) compared to FSMOX (1.33%). In terms of maximum drawdown, FSMOX dropped -8.65% vs QGRO's -32.56%.

FSMOX currently has the higher Sharpe Ratio (1.61 vs 0.84), 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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