FZOMX vs. FJRLX
Compare and contrast key facts about Fidelity SAI Short-Term Bond Fund (FZOMX) and Fidelity Limited Term Bond Fund (FJRLX).
FZOMX is managed by Fidelity Investments. It was launched on Oct 13, 2020. FJRLX is managed by Fidelity. It was launched on Feb 2, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZOMX or FJRLX.
Correlation
The correlation between FZOMX and FJRLX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FZOMX vs. FJRLX - Performance Comparison
Key characteristics
FZOMX:
2.16
FJRLX:
1.84
FZOMX:
3.80
FJRLX:
2.82
FZOMX:
1.53
FJRLX:
1.38
FZOMX:
5.01
FJRLX:
2.41
FZOMX:
11.70
FJRLX:
7.75
FZOMX:
0.39%
FJRLX:
0.57%
FZOMX:
2.14%
FJRLX:
2.41%
FZOMX:
-5.93%
FJRLX:
-9.55%
FZOMX:
-0.26%
FJRLX:
-1.19%
Returns By Period
In the year-to-date period, FZOMX achieves a -0.21% return, which is significantly higher than FJRLX's -0.35% return.
FZOMX
-0.21%
0.05%
2.16%
4.28%
N/A
N/A
FJRLX
-0.35%
-0.67%
1.61%
3.95%
1.42%
1.85%
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FZOMX vs. FJRLX - Expense Ratio Comparison
FZOMX has a 0.30% expense ratio, which is lower than FJRLX's 0.45% expense ratio.
Risk-Adjusted Performance
FZOMX vs. FJRLX — Risk-Adjusted Performance Rank
FZOMX
FJRLX
FZOMX vs. FJRLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and Fidelity Limited Term Bond Fund (FJRLX). 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
FZOMX vs. FJRLX - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 4.29%, more than FJRLX's 3.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 4.29% | 4.28% | 3.27% | 1.00% | 0.43% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FJRLX Fidelity Limited Term Bond Fund | 3.06% | 3.05% | 2.38% | 1.63% | 1.28% | 1.89% | 2.44% | 2.28% | 1.80% | 1.61% | 1.87% | 1.96% |
Drawdowns
FZOMX vs. FJRLX - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -5.93%, smaller than the maximum FJRLX drawdown of -9.55%. Use the drawdown chart below to compare losses from any high point for FZOMX and FJRLX. For additional features, visit the drawdowns tool.
Volatility
FZOMX vs. FJRLX - Volatility Comparison
The current volatility for Fidelity SAI Short-Term Bond Fund (FZOMX) is 0.51%, while Fidelity Limited Term Bond Fund (FJRLX) has a volatility of 0.59%. This indicates that FZOMX experiences smaller price fluctuations and is considered to be less risky than FJRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.