FZOMX vs. FSPSX
Compare and contrast key facts about Fidelity SAI Short-Term Bond Fund (FZOMX) and Fidelity International Index Fund (FSPSX).
FZOMX is managed by Fidelity. It was launched on Oct 13, 2020. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FZOMX vs. FSPSX - Performance Comparison
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FZOMX vs. FSPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 0.22% | 5.51% | 4.71% | 5.21% | -3.71% | -0.69% | 0.37% |
FSPSX Fidelity International Index Fund | 0.95% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 12.73% |
Returns By Period
In the year-to-date period, FZOMX achieves a 0.22% return, which is significantly lower than FSPSX's 0.95% return.
FZOMX
- 1D
- 0.10%
- 1M
- -0.41%
- YTD
- 0.22%
- 6M
- 1.18%
- 1Y
- 3.98%
- 3Y*
- 4.68%
- 5Y*
- 2.25%
- 10Y*
- —
FSPSX
- 1D
- 2.95%
- 1M
- -6.35%
- YTD
- 0.95%
- 6M
- 5.01%
- 1Y
- 22.97%
- 3Y*
- 14.61%
- 5Y*
- 8.36%
- 10Y*
- 8.97%
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FZOMX vs. FSPSX - Expense Ratio Comparison
FZOMX has a 0.30% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FZOMX vs. FSPSX — Risk / Return Rank
FZOMX
FSPSX
FZOMX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and Fidelity International Index Fund (FSPSX). 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.
| FZOMX | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 1.39 | +0.51 |
Sortino ratioReturn per unit of downside risk | 3.42 | 1.90 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.28 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.56 | 1.94 | +1.62 |
Martin ratioReturn relative to average drawdown | 14.10 | 7.43 | +6.67 |
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
| FZOMX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.39 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.53 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.47 | +0.52 |
Correlation
The correlation between FZOMX and FSPSX is 0.16, 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
FZOMX vs. FSPSX - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 4.23%, more than FSPSX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 4.23% | 4.64% | 4.27% | 3.26% | 0.76% | 0.41% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSPSX Fidelity International Index Fund | 3.12% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FZOMX vs. FSPSX - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -6.12%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FZOMX and FSPSX.
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Drawdown Indicators
| FZOMX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.12% | -33.69% | +27.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -11.39% | +10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -29.41% | +23.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.69% | — |
Current DrawdownCurrent decline from peak | -0.61% | -8.22% | +7.61% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -6.60% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 2.97% | -2.66% |
Volatility
FZOMX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity SAI Short-Term Bond Fund (FZOMX) is 0.70%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.65%. This indicates that FZOMX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZOMX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 7.65% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 11.01% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 17.00% | -14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.17% | 15.82% | -13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 16.49% | -14.41% |