FUAMX vs. FUTBX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Intermediate Treasury Bond Index Fund (FUAMX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX).

FUAMX is managed by Fidelity. FUTBX is managed by Fidelity. It was launched on Mar 1, 2016.

Performance

FUAMX vs. FUTBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Intermediate Treasury Bond Index Fund (FUAMX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX). The values are adjusted to include any dividend payments, if applicable.

FUAMX vs. FUTBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUAMX Fidelity Intermediate Treasury Bond Index Fund	-0.46%	8.00%	0.40%	4.08%	-13.06%	-3.19%	8.86%	7.25%	1.25%	-0.35%
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund	-0.23%	6.12%	0.70%	4.19%	-13.00%	-2.54%	7.76%	7.30%	0.95%	0.05%

Returns By Period

In the year-to-date period, FUAMX achieves a -0.46% return, which is significantly lower than FUTBX's -0.23% return.

FUAMX

• 1D: 0.62%
• 1M: -2.50%
• YTD: -0.46%
• 6M: 0.44%
• 1Y: 3.70%
• 3Y*: 2.80%
• 5Y*: -0.18%
• 10Y*: —

FUTBX

• 1D: 0.46%
• 1M: -2.12%
• YTD: -0.23%
• 6M: 0.50%
• 1Y: 2.86%
• 3Y*: 2.46%
• 5Y*: -0.31%
• 10Y*: —

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

FUAMX vs. FUTBX - Expense Ratio Comparison

Both FUAMX and FUTBX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

FUAMX

Fidelity Intermediate Treasury Bond Index Fund

FUTBX

Fidelity SAI U.S. Treasury Bond Index Fund

Return for Risk

FUAMX vs. FUTBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUAMX

FUAMX Risk / Return Rank: 48
FUAMX Sharpe Ratio Rank: 45
FUAMX Sortino Ratio Rank: 47
FUAMX Omega Ratio Rank: 32
FUAMX Calmar Ratio Rank: 70
FUAMX Martin Ratio Rank: 46

FUTBX

FUTBX Risk / Return Rank: 39
FUTBX Sharpe Ratio Rank: 37
FUTBX Sortino Ratio Rank: 34
FUTBX Omega Ratio Rank: 25
FUTBX Calmar Ratio Rank: 63
FUTBX Martin Ratio Rank: 34

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.

FUAMX vs. FUTBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Treasury Bond Index Fund (FUAMX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX). 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.

	FUAMX	FUTBX	Difference
Sharpe ratio Return per unit of total volatility	0.89	0.79	+0.10
Sortino ratio Return per unit of downside risk	1.32	1.14	+0.18
Omega ratio Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	1.60	1.43	+0.17
Martin ratio Return relative to average drawdown	4.58	3.64	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUAMX vs. FUTBX - Sharpe Ratio Comparison

The current FUAMX Sharpe Ratio is 0.89, which is comparable to the FUTBX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of FUAMX and FUTBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FUAMX	FUTBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	0.79	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.05	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.25	-0.03

Correlation

The correlation between FUAMX and FUTBX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FUAMX vs. FUTBX - Dividend Comparison

FUAMX's dividend yield for the trailing twelve months is around 3.36%, more than FUTBX's 3.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUAMX Fidelity Intermediate Treasury Bond Index Fund	3.36%	3.52%	3.58%	2.20%	1.24%	1.76%	2.90%	2.16%	2.23%	0.49%
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund	3.30%	3.43%	2.90%	2.12%	1.12%	0.86%	4.54%	2.75%	2.05%	1.65%

Drawdowns

FUAMX vs. FUTBX - Drawdown Comparison

The maximum FUAMX drawdown since its inception was -20.25%, roughly equal to the maximum FUTBX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for FUAMX and FUTBX.

Drawdown Indicators

	FUAMX	FUTBX	Difference
Max Drawdown Largest peak-to-trough decline	-20.25%	-19.69%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-2.71%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-18.27%	-17.03%	-1.24%
Current Drawdown Current decline from peak	-6.87%	-7.89%	+1.02%
Average Drawdown Average peak-to-trough decline	-7.33%	-6.94%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.07%	+0.01%

Volatility

FUAMX vs. FUTBX - Volatility Comparison

Fidelity Intermediate Treasury Bond Index Fund (FUAMX) has a higher volatility of 1.72% compared to Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) at 1.46%. This indicates that FUAMX's price experiences larger fluctuations and is considered to be riskier than FUTBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUAMX	FUTBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	1.46%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	2.54%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	4.89%	4.25%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	5.79%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	5.17%	+0.70%