FUMIX vs. CHAIX
FUMIX (Fidelity SAI U.S. Momentum Index Fund) and CHAIX (Chase Growth Fund Institutional Class) are both Large Cap Growth Equities funds. FUMIX is passively managed, while CHAIX is actively managed. Over the past 5 years, FUMIX returned 14.44%/yr vs 16.96%/yr for CHAIX. Their correlation of 0.91 means they have usually moved in the same direction. FUMIX charges 0.11%/yr vs 1.00%/yr for CHAIX.
Performance
FUMIX vs. CHAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FUMIX having a 22.70% return and CHAIX slightly higher at 23.79%.
FUMIX
- 1D
- 1.04%
- 1M
- -2.34%
- 6M
- 19.44%
- YTD
- 22.70%
- 1Y
- 26.67%
- 3Y*
- 28.91%
- 5Y*
- 14.44%
- 10Y*
- —
- ALL TIME*
- 16.99%
CHAIX
- 1D
- 1.45%
- 1M
- 0.37%
- 6M
- 18.85%
- YTD
- 23.79%
- 1Y
- 36.55%
- 3Y*
- 31.58%
- 5Y*
- 16.96%
- 10Y*
- 17.56%
- ALL TIME*
- 11.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FUMIX vs. CHAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUMIX Fidelity SAI U.S. Momentum Index Fund | 22.70% | 17.01% | 33.39% | 14.67% | -15.79% | 22.56% | 29.92% | 24.16% | -1.41% | 22.71% |
CHAIX Chase Growth Fund Institutional Class | 23.79% | 20.67% | 38.77% | 26.00% | -20.32% | 22.36% | 18.41% | 41.69% | -3.87% | 20.99% |
Correlation
The correlation between FUMIX and CHAIX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.91 |
The correlation between FUMIX and CHAIX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
FUMIX vs. CHAIX — Risk / Return Rank
FUMIX
CHAIX
FUMIX vs. CHAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Momentum Index Fund (FUMIX) and Chase Growth Fund Institutional Class (CHAIX). 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.
| FUMIX | CHAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.97 | -1.74 |
| Martin ratioReturn relative to average drawdown | 8.89 | 15.47 | -6.59 |
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Drawdowns
FUMIX vs. CHAIX - Drawdown Comparison
The maximum FUMIX drawdown since its inception was -33.36%, smaller than the maximum CHAIX drawdown of -50.61%. Use the drawdown chart below to compare losses from any high point for FUMIX and CHAIX.
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Drawdown Indicators
| FUMIX | CHAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.36% | -50.61% | +17.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -9.86% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | -23.40% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -24.58% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.36% | — |
Current DrawdownCurrent decline from peak | -7.52% | -2.68% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -10.32% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.52% | +0.70% |
Volatility
FUMIX vs. CHAIX - Volatility Comparison
Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a higher volatility of 8.17% compared to Chase Growth Fund Institutional Class (CHAIX) at 6.34%. This indicates that FUMIX's price experiences larger fluctuations and is considered to be riskier than CHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUMIX | CHAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 6.34% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 18.85% | 15.31% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 19.28% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.82% | 18.89% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 19.19% | +2.79% |
FUMIX vs. CHAIX - Expense Ratio Comparison
FUMIX has a 0.11% expense ratio, which is lower than CHAIX's 1.00% expense ratio.
Dividends
FUMIX vs. CHAIX - Dividend Comparison
FUMIX's dividend yield for the trailing twelve months is around 2.26%, less than CHAIX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHAIX Chase Growth Fund Institutional Class | 6.63% | 8.20% | 18.32% | 5.36% | 5.09% | 18.78% | 7.39% | 21.65% | 12.33% | 11.44% | 8.83% | 9.93% |
FUMIX Fidelity SAI U.S. Momentum Index Fund | 2.26% | 2.77% | 5.89% | 18.09% | 2.10% | 20.67% | 8.68% | 2.09% | 3.84% | 0.88% | 0.00% | 0.00% |
Frequently Asked Questions
FUMIX and CHAIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUMIX has higher volatility (8.17%) compared to CHAIX (6.34%). In terms of maximum drawdown, FUMIX dropped -33.36% vs CHAIX's -50.61%.
CHAIX currently has the higher Sharpe Ratio (2.04 vs 1.37), 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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