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.
Correlation
The correlation between FZOMX and SDSI is 0.71, 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. SDSI - Performance Comparison
Key characteristics
FZOMX:
3.05
SDSI:
2.55
FZOMX:
5.52
SDSI:
3.60
FZOMX:
1.80
SDSI:
1.62
FZOMX:
6.88
SDSI:
5.00
FZOMX:
18.73
SDSI:
17.22
FZOMX:
0.34%
SDSI:
0.37%
FZOMX:
2.07%
SDSI:
2.53%
FZOMX:
-5.93%
SDSI:
-1.29%
FZOMX:
-0.31%
SDSI:
-0.57%
Returns By Period
In the year-to-date period, FZOMX achieves a 1.59% return, which is significantly higher than SDSI's 1.37% return.
FZOMX
1.59%
0.37%
2.16%
6.32%
N/A
N/A
SDSI
1.37%
-0.22%
1.52%
6.31%
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.
Dividends
FZOMX vs. SDSI - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 4.34%, less than SDSI's 5.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 4.34% | 4.28% | 3.27% | 1.00% | 0.43% | 0.16% |
SDSI American Century Short Duration Strategic Income ETF | 5.41% | 5.49% | 5.37% | 0.98% | 0.00% | 0.00% |
Drawdowns
FZOMX vs. SDSI - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -5.93%, 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. For additional features, visit the drawdowns tool.
Volatility
FZOMX vs. SDSI - Volatility Comparison
The current volatility for Fidelity SAI Short-Term Bond Fund (FZOMX) is 0.82%, while American Century Short Duration Strategic Income ETF (SDSI) has a volatility of 1.86%. 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.