FZOLX vs. FCNVX
Compare and contrast key facts about Fidelity SAI Low Duration Income Fund (FZOLX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FZOLX is managed by Fidelity Investments. It was launched on Oct 13, 2020. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZOLX or FCNVX.
Correlation
The correlation between FZOLX and FCNVX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FZOLX vs. FCNVX - Performance Comparison
Key characteristics
FZOLX:
4.03
FCNVX:
3.53
FZOLX:
16.90
FCNVX:
17.00
FZOLX:
6.34
FCNVX:
6.67
FZOLX:
27.38
FCNVX:
26.02
FZOLX:
97.96
FCNVX:
122.23
FZOLX:
0.06%
FCNVX:
0.04%
FZOLX:
1.34%
FCNVX:
1.46%
FZOLX:
-1.02%
FCNVX:
-2.19%
FZOLX:
-0.10%
FCNVX:
-0.10%
Returns By Period
In the year-to-date period, FZOLX achieves a 1.15% return, which is significantly higher than FCNVX's 1.03% return.
FZOLX
1.15%
0.37%
2.30%
5.42%
N/A
N/A
FCNVX
1.03%
0.29%
2.26%
5.17%
2.90%
2.20%
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FZOLX vs. FCNVX - Expense Ratio Comparison
FZOLX has a 0.22% expense ratio, which is lower than FCNVX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FZOLX vs. FCNVX — Risk-Adjusted Performance Rank
FZOLX
FCNVX
FZOLX vs. FCNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Low Duration Income Fund (FZOLX) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.
Dividends
FZOLX vs. FCNVX - Dividend Comparison
FZOLX's dividend yield for the trailing twelve months is around 5.08%, more than FCNVX's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZOLX Fidelity SAI Low Duration Income Fund | 5.08% | 5.12% | 4.02% | 1.52% | 0.15% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 4.93% | 5.12% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% |
Drawdowns
FZOLX vs. FCNVX - Drawdown Comparison
The maximum FZOLX drawdown since its inception was -1.02%, smaller than the maximum FCNVX drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FZOLX and FCNVX. For additional features, visit the drawdowns tool.
Volatility
FZOLX vs. FCNVX - Volatility Comparison
Fidelity SAI Low Duration Income Fund (FZOLX) and Fidelity Conservative Income Bond Institutional Class (FCNVX) have volatilities of 0.42% and 0.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.