FZOMX vs. FXAIX
Compare and contrast key facts about Fidelity SAI Short-Term Bond Fund (FZOMX) and Fidelity 500 Index Fund (FXAIX).
FZOMX is managed by Fidelity Investments. It was launched on Oct 13, 2020. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZOMX or FXAIX.
Correlation
The correlation between FZOMX and FXAIX is 0.07, 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.
Performance
FZOMX vs. FXAIX - Performance Comparison
Key characteristics
FZOMX:
2.74
FXAIX:
0.55
FZOMX:
4.84
FXAIX:
0.90
FZOMX:
1.68
FXAIX:
1.13
FZOMX:
6.29
FXAIX:
0.57
FZOMX:
16.75
FXAIX:
2.24
FZOMX:
0.34%
FXAIX:
4.82%
FZOMX:
2.13%
FXAIX:
19.47%
FZOMX:
-5.89%
FXAIX:
-33.79%
FZOMX:
-0.51%
FXAIX:
-7.61%
Returns By Period
In the year-to-date period, FZOMX achieves a 1.84% return, which is significantly higher than FXAIX's -3.33% return.
FZOMX
1.84%
0.14%
2.36%
5.88%
N/A
N/A
FXAIX
-3.33%
13.75%
-4.58%
10.62%
15.88%
12.22%
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FZOMX vs. FXAIX - Expense Ratio Comparison
FZOMX has a 0.30% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FZOMX vs. FXAIX — Risk-Adjusted Performance Rank
FZOMX
FXAIX
FZOMX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 4.35%, more than FXAIX's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 4.35% | 4.28% | 3.27% | 1.00% | 0.43% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% |
Drawdowns
FZOMX vs. FXAIX - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -5.89%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FZOMX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FZOMX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity SAI Short-Term Bond Fund (FZOMX) is 0.87%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 11.20%. This indicates that FZOMX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.