FZOLX vs. FSKAX
Compare and contrast key facts about Fidelity SAI Low Duration Income Fund (FZOLX) and Fidelity Total Market Index Fund (FSKAX).
FZOLX is managed by Fidelity. It was launched on Oct 13, 2020. FSKAX is managed by Fidelity.
Performance
FZOLX vs. FSKAX - Performance Comparison
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FZOLX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FZOLX Fidelity SAI Low Duration Income Fund | 0.40% | 4.85% | 5.59% | 5.72% | 0.34% | -0.04% | 0.11% |
FSKAX Fidelity Total Market Index Fund | -3.98% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 13.63% |
Returns By Period
In the year-to-date period, FZOLX achieves a 0.40% return, which is significantly higher than FSKAX's -3.98% return.
FZOLX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.40%
- 6M
- 1.48%
- 1Y
- 3.97%
- 3Y*
- 5.09%
- 5Y*
- 3.34%
- 10Y*
- —
FSKAX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -2.04%
- 1Y
- 17.68%
- 3Y*
- 17.87%
- 5Y*
- 10.50%
- 10Y*
- 13.56%
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FZOLX vs. FSKAX - Expense Ratio Comparison
FZOLX has a 0.22% expense ratio, which is higher than FSKAX's 0.02% 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%.
Return for Risk
FZOLX vs. FSKAX — Risk / Return Rank
FZOLX
FSKAX
FZOLX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Low Duration Income Fund (FZOLX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FZOLX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | 0.98 | +2.20 |
Sortino ratioReturn per unit of downside risk | 9.57 | 1.49 | +8.07 |
Omega ratioGain probability vs. loss probability | 3.32 | 1.23 | +2.09 |
Calmar ratioReturn relative to maximum drawdown | 14.57 | 1.50 | +13.06 |
Martin ratioReturn relative to average drawdown | 66.78 | 7.20 | +59.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZOLX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 0.98 | +2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.82 | 0.61 | +2.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.67 | 0.79 | +1.88 |
Correlation
The correlation between FZOLX and FSKAX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FZOLX vs. FSKAX - Dividend Comparison
FZOLX's dividend yield for the trailing twelve months is around 4.82%, more than FSKAX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZOLX Fidelity SAI Low Duration Income Fund | 4.82% | 5.26% | 5.15% | 4.03% | 1.14% | 0.16% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.06% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FZOLX vs. FSKAX - Drawdown Comparison
The maximum FZOLX drawdown since its inception was -1.10%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FZOLX and FSKAX.
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Drawdown Indicators
| FZOLX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.10% | -35.01% | +33.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -12.42% | +12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -1.10% | -25.39% | +24.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -0.20% | -6.20% | +6.00% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -4.05% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 2.60% | -2.53% |
Volatility
FZOLX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity SAI Low Duration Income Fund (FZOLX) is 0.25%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 5.52%. This indicates that FZOLX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZOLX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 5.52% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 9.85% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 18.69% | -17.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.19% | 17.42% | -16.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.14% | 18.44% | -17.30% |