FZOLX vs. FSCJX
FZOLX (Fidelity SAI Low Duration Income Fund) and FSCJX (Fidelity SAI Canada Equity Index Fund) are both mutual funds - FZOLX is a Ultrashort Bond fund managed by Fidelity, while FSCJX is a Canada Equities fund tracking the MSCI Canada Index. Over the past year, FZOLX returned 4.12% vs 30.08% for FSCJX. At a 0.10 correlation, their price movements are largely independent. FZOLX charges 0.22%/yr vs 0.12%/yr for FSCJX.
Performance
FZOLX vs. FSCJX - Performance Comparison
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Returns By Period
In the year-to-date period, FZOLX achieves a 1.67% return, which is significantly lower than FSCJX's 10.96% return.
FZOLX
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 1.67%
- YTD
- 1.67%
- 1Y
- 4.12%
- 3Y*
- 5.10%
- 5Y*
- 3.59%
- 10Y*
- —
FSCJX
- 1D
- 0.51%
- 1M
- 0.64%
- 6M
- 8.29%
- YTD
- 10.96%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FZOLX vs. FSCJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FZOLX Fidelity SAI Low Duration Income Fund | 1.67% | 4.85% | 2.72% |
FSCJX Fidelity SAI Canada Equity Index Fund | 10.96% | 36.41% | 5.14% |
Correlation
The correlation between FZOLX and FSCJX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2024 | 0.10 |
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Return for Risk
FZOLX vs. FSCJX — Risk / Return Rank
FZOLX
FSCJX
FZOLX vs. FSCJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Low Duration Income Fund (FZOLX) and Fidelity SAI Canada Equity Index Fund (FSCJX). 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.
| FZOLX | FSCJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +7.19 | ||
| Omega ratioGain probability vs. loss probability | 3.45 | 1.39 | +2.06 |
| Calmar ratioReturn relative to maximum drawdown | 14.19 | 3.76 | +10.43 |
| Martin ratioReturn relative to average drawdown | 73.31 | 14.74 | +58.58 |
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Drawdowns
FZOLX vs. FSCJX - Drawdown Comparison
The maximum FZOLX drawdown since its inception was -1.10%, smaller than the maximum FSCJX drawdown of -12.43%. Use the drawdown chart below to compare losses from any high point for FZOLX and FSCJX.
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Drawdown Indicators
| FZOLX | FSCJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.10% | -12.43% | +11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -8.33% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.10% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.13% | -1.63% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 2.12% | -2.06% |
Volatility
FZOLX vs. FSCJX - Volatility Comparison
The current volatility for Fidelity SAI Low Duration Income Fund (FZOLX) is 0.40%, while Fidelity SAI Canada Equity Index Fund (FSCJX) has a volatility of 2.80%. This indicates that FZOLX experiences smaller price fluctuations and is considered to be less risky than FSCJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZOLX | FSCJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 2.80% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 11.10% | -10.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 13.92% | -12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.23% | 15.17% | -13.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.15% | 15.17% | -14.02% |
FZOLX vs. FSCJX - Expense Ratio Comparison
FZOLX has a 0.22% expense ratio, which is higher than FSCJX's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FZOLX vs. FSCJX - Dividend Comparison
FZOLX's dividend yield for the trailing twelve months is around 5.05%, more than FSCJX's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FSCJX Fidelity SAI Canada Equity Index Fund | 1.21% | 1.34% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
FZOLX Fidelity SAI Low Duration Income Fund | 5.05% | 5.26% | 5.15% | 4.03% | 1.14% | 0.16% | 0.01% |
Frequently Asked Questions
FZOLX and FSCJX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCJX has higher volatility (2.80%) compared to FZOLX (0.40%). In terms of maximum drawdown, FZOLX dropped -1.10% vs FSCJX's -12.43%.
FZOLX currently has the higher Sharpe Ratio (3.33 vs 2.26), 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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