FSUVX vs. FULVX

Last updated Aug 1, 2026

FSUVX (Fidelity SAI U.S. Low Volatility Index Fund) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both Low Volatility funds from Fidelity. Their correlation of 0.90 means they have usually moved in the same direction. FSUVX charges 0.11%/yr vs 0.66%/yr for FULVX.

Performance

FSUVX vs. FULVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FSUVX

• 1D: 0.00%
• 1M: 1.14%
• 6M: 6.39%
• YTD: 8.73%
• 1Y: 14.88%
• 3Y*: 14.07%
• 5Y*: 9.11%
• 10Y*: 11.13%
• ALL TIME*: 11.56%

FULVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	$0.00	$0.00	$0.00

FSUVX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	8.73%	11.03%	17.40%	14.80%	-10.93%	21.51%	9.86%	4.86%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%

Correlation

The correlation between FSUVX and FULVX is 0.71, 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.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019	0.90

The correlation between FSUVX and FULVX shifts across timeframes, from 0.71 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FSUVX vs. FULVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSUVX

FSUVX Risk / Return Rank: 61
FSUVX Sharpe Ratio Rank: 65
FSUVX Sortino Ratio Rank: 65
FSUVX Omega Ratio Rank: 61
FSUVX Calmar Ratio Rank: 53
FSUVX Martin Ratio Rank: 61

FULVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSUVX vs. FULVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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.

	FSUVX	FULVX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.87	—	—
Martin ratio: Return relative to average drawdown	7.68	—	—

Drawdowns

Drawdown Indicators

	FSUVX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-32.41%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.41%	—	—
Current Drawdown Current decline from peak	-0.68%	—	—
Average Drawdown Average peak-to-trough decline	-3.25%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	—	—

Volatility

Volatility by Period

	FSUVX	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	—	—

FSUVX vs. FULVX - Expense Ratio Comparison

FSUVX has a 0.11% expense ratio, which is lower than FULVX's 0.66% expense ratio.

Dividends

FSUVX vs. FULVX - Dividend Comparison

FSUVX's dividend yield for the trailing twelve months is around 4.09%, less than FULVX's 8.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.09%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%
FULVX Fidelity U.S. Low Volatility Equity Fund	8.06%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSUVX and FULVX in my portfolio?

FSUVX and FULVX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.