FUQIX vs. AWYIX

Last updated Jun 24, 2026

FUQIX (Fidelity SAI U.S. Quality Index Fund) and AWYIX (CIBC Atlas Equity Income Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FUQIX returned 13.29%/yr vs 7.68%/yr for AWYIX. Their correlation of 0.85 suggests significant overlap in exposure. FUQIX charges 0.10%/yr vs 0.95%/yr for AWYIX.

Performance

FUQIX vs. AWYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Quality Index Fund (FUQIX) and CIBC Atlas Equity Income Fund (AWYIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUQIX achieves a 6.30% return, which is significantly higher than AWYIX's 1.56% return.

FUQIX

• 1D: -0.04%
• 1M: 1.68%
• YTD: 6.30%
• 6M: 5.16%
• 1Y: 20.33%
• 3Y*: 20.05%
• 5Y*: 13.29%
• 10Y*: 16.42%

AWYIX

• 1D: 0.09%
• 1M: -0.77%
• YTD: 1.56%
• 6M: 0.83%
• 1Y: 8.73%
• 3Y*: 12.80%
• 5Y*: 7.68%
• 10Y*: —

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

FUQIX vs. AWYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FUQIX Fidelity SAI U.S. Quality Index Fund	6.30%	16.76%	24.32%	29.63%	-18.09%	28.28%	20.67%	34.66%	-5.18%
AWYIX CIBC Atlas Equity Income Fund	1.56%	7.66%	18.19%	16.39%	-15.59%	29.51%	12.75%	35.07%	1.12%

Correlation

The correlation between FUQIX and AWYIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.85

The correlation between FUQIX and AWYIX shifts across timeframes, from 0.65 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FUQIX vs. AWYIX — Risk / Return Rank

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

FUQIX

FUQIX Risk / Return Rank: 35
FUQIX Sharpe Ratio Rank: 39
FUQIX Sortino Ratio Rank: 37
FUQIX Omega Ratio Rank: 37
FUQIX Calmar Ratio Rank: 26
FUQIX Martin Ratio Rank: 34

AWYIX

AWYIX Risk / Return Rank: 13
AWYIX Sharpe Ratio Rank: 13
AWYIX Sortino Ratio Rank: 13
AWYIX Omega Ratio Rank: 12
AWYIX Calmar Ratio Rank: 13
AWYIX Martin Ratio Rank: 17

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.

FUQIX vs. AWYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Quality Index Fund (FUQIX) and CIBC Atlas Equity Income Fund (AWYIX). 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.

	FUQIX	AWYIX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.92	+0.77
Sortino ratio: Return per unit of downside risk	2.36	1.36	+1.01
Omega ratio: Gain probability vs. loss probability	1.30	1.16	+0.14
Calmar ratio: Return relative to maximum drawdown	1.78	1.12	+0.66
Martin ratio: Return relative to average drawdown	7.15	4.16	+2.99

FUQIX vs. AWYIX - Sharpe Ratio Comparison

The current FUQIX Sharpe Ratio is 1.69, which is higher than the AWYIX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FUQIX and AWYIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUQIX vs. AWYIX - Drawdown Comparison

The maximum FUQIX drawdown since its inception was -31.19%, smaller than the maximum AWYIX drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for FUQIX and AWYIX.

Drawdown Indicators

	FUQIX	AWYIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.19%	-35.79%	+4.60%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-8.35%	-3.96%
Max Drawdown (3Y) Largest decline over 3 years	-17.86%	-18.72%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-24.96%	-19.82%	-5.14%
Max Drawdown (10Y) Largest decline over 10 years	-31.19%	—	—
Current Drawdown Current decline from peak	-1.05%	-1.50%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.24%	-5.00%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.24%	+0.81%

Volatility

FUQIX vs. AWYIX - Volatility Comparison

Fidelity SAI U.S. Quality Index Fund (FUQIX) has a higher volatility of 4.37% compared to CIBC Atlas Equity Income Fund (AWYIX) at 3.17%. This indicates that FUQIX's price experiences larger fluctuations and is considered to be riskier than AWYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUQIX	AWYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	3.17%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	7.67%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	10.18%	+2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	14.45%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	17.84%	+0.46%

FUQIX vs. AWYIX - Expense Ratio Comparison

FUQIX has a 0.10% expense ratio, which is lower than AWYIX's 0.95% expense ratio.

Dividends

FUQIX vs. AWYIX - Dividend Comparison

FUQIX's dividend yield for the trailing twelve months is around 3.42%, more than AWYIX's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWYIX CIBC Atlas Equity Income Fund	2.15%	1.74%	5.77%	1.80%	3.23%	6.35%	6.87%	3.82%	6.79%	0.00%	0.00%	0.00%
FUQIX Fidelity SAI U.S. Quality Index Fund	3.42%	3.63%	12.80%	2.38%	1.42%	8.55%	9.46%	13.68%	2.41%	3.79%	1.57%	0.29%

Frequently Asked Questions

Can I hold both FUQIX and AWYIX in my portfolio?

FUQIX and AWYIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUQIX or AWYIX?

FUQIX has higher volatility (4.37%) compared to AWYIX (3.17%). In terms of maximum drawdown, FUQIX dropped -31.19% vs AWYIX's -35.79%.

Which has better risk-adjusted returns?

FUQIX currently has the higher Sharpe Ratio (1.69 vs 0.92), 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.