FSRJX vs. FIBUX
FSRJX (Fidelity SAI Real Estate Fund) and FIBUX (Fidelity Flex U.S. Bond Index Fund) are both mutual funds - FSRJX is a REIT fund actively managed by Fidelity, while FIBUX is a Total Bond Market fund managed by Fidelity. Over the past year, FSRJX returned 14.19% vs 4.26% for FIBUX. At a 0.32 correlation, their price movements are largely independent. FSRJX charges 0.56%/yr vs 0.00%/yr for FIBUX.
Performance
FSRJX vs. FIBUX - Performance Comparison
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Returns By Period
In the year-to-date period, FSRJX achieves a 14.65% return, which is significantly higher than FIBUX's 0.14% return.
FSRJX
- 1D
- 0.28%
- 1M
- 0.28%
- 6M
- 10.53%
- YTD
- 14.65%
- 1Y
- 14.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIBUX
- 1D
- 0.22%
- 1M
- -0.43%
- 6M
- -0.08%
- YTD
- 0.14%
- 1Y
- 4.26%
- 3Y*
- 3.88%
- 5Y*
- -0.28%
- 10Y*
- —
FSRJX vs. FIBUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSRJX Fidelity SAI Real Estate Fund | 14.65% | 2.52% | -6.54% |
FIBUX Fidelity Flex U.S. Bond Index Fund | 0.14% | 7.20% | -3.47% |
Correlation
The correlation between FSRJX and FIBUX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | 0.32 |
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Return for Risk
FSRJX vs. FIBUX — Risk / Return Rank
FSRJX
FIBUX
FSRJX vs. FIBUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Real Estate Fund (FSRJX) and Fidelity Flex U.S. Bond Index Fund (FIBUX). 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.
| FSRJX | FIBUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.52 | +0.48 |
| Martin ratioReturn relative to average drawdown | 5.81 | 4.06 | +1.74 |
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Drawdowns
FSRJX vs. FIBUX - Drawdown Comparison
The maximum FSRJX drawdown since its inception was -15.66%, smaller than the maximum FIBUX drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for FSRJX and FIBUX.
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Drawdown Indicators
| FSRJX | FIBUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.66% | -19.76% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -2.97% | -4.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -1.11% | -3.74% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -5.76% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.11% | +1.58% |
Volatility
FSRJX vs. FIBUX - Volatility Comparison
Fidelity SAI Real Estate Fund (FSRJX) has a higher volatility of 4.93% compared to Fidelity Flex U.S. Bond Index Fund (FIBUX) at 1.09%. This indicates that FSRJX's price experiences larger fluctuations and is considered to be riskier than FIBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRJX | FIBUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 1.09% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 2.98% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 3.91% | +10.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 6.05% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 5.10% | +11.57% |
FSRJX vs. FIBUX - Expense Ratio Comparison
FSRJX has a 0.56% expense ratio, which is higher than FIBUX's 0.00% expense ratio.
Dividends
FSRJX vs. FIBUX - Dividend Comparison
FSRJX's dividend yield for the trailing twelve months is around 2.12%, less than FIBUX's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FIBUX Fidelity Flex U.S. Bond Index Fund | 4.12% | 3.95% | 3.65% | 2.93% | 1.62% | 1.18% | 2.32% | 2.96% | 2.70% | 2.45% |
FSRJX Fidelity SAI Real Estate Fund | 2.12% | 2.52% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSRJX and FIBUX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRJX has higher volatility (4.93%) compared to FIBUX (1.09%). In terms of maximum drawdown, FSRJX dropped -15.66% vs FIBUX's -19.76%.
FIBUX currently has the higher Sharpe Ratio (1.16 vs 1.11), 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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