Correlation
The correlation between FZOMX and SDSI is 0.05, 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.
FZOMX vs. SDSI
Compare and contrast key facts about Fidelity SAI Short-Term Bond Fund (FZOMX) and American Century Short Duration Strategic Income ETF (SDSI).
FZOMX is managed by Fidelity Investments. It was launched on Oct 13, 2020. SDSI is a passively managed fund by American Century that tracks the performance of the Bloomberg U.S. 1-3 Year Government/Credit Bond Index. It was launched on Oct 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZOMX or SDSI.
Performance
FZOMX vs. SDSI - Performance Comparison
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Key characteristics
FZOMX:
2.67
SDSI:
2.54
FZOMX:
4.63
SDSI:
3.75
FZOMX:
1.66
SDSI:
1.65
FZOMX:
5.98
SDSI:
5.25
FZOMX:
14.95
SDSI:
17.64
FZOMX:
0.37%
SDSI:
0.38%
FZOMX:
2.09%
SDSI:
2.56%
FZOMX:
-5.89%
SDSI:
-1.29%
FZOMX:
-0.41%
SDSI:
-0.08%
Returns By Period
In the year-to-date period, FZOMX achieves a 1.94% return, which is significantly lower than SDSI's 2.51% return.
FZOMX
1.94%
0.00%
2.10%
5.60%
3.71%
N/A
N/A
SDSI
2.51%
0.64%
2.66%
6.45%
N/A
N/A
N/A
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FZOMX vs. SDSI - Expense Ratio Comparison
FZOMX has a 0.30% expense ratio, which is lower than SDSI's 0.33% expense ratio.
Risk-Adjusted Performance
FZOMX vs. SDSI — Risk-Adjusted Performance Rank
FZOMX
SDSI
FZOMX vs. SDSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and American Century Short Duration Strategic Income ETF (SDSI). 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.
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Dividends
FZOMX vs. SDSI - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 3.99%, less than SDSI's 5.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 3.99% | 4.28% | 3.27% | 1.00% | 0.47% | 0.16% |
SDSI American Century Short Duration Strategic Income ETF | 5.36% | 5.49% | 5.37% | 0.98% | 0.00% | 0.00% |
Drawdowns
FZOMX vs. SDSI - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -5.89%, which is greater than SDSI's maximum drawdown of -1.29%. Use the drawdown chart below to compare losses from any high point for FZOMX and SDSI.
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Volatility
FZOMX vs. SDSI - Volatility Comparison
The current volatility for Fidelity SAI Short-Term Bond Fund (FZOMX) is 0.47%, while American Century Short Duration Strategic Income ETF (SDSI) has a volatility of 0.56%. This indicates that FZOMX experiences smaller price fluctuations and is considered to be less risky than SDSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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