FZOMX vs. STBFX

Last updated Jun 5, 2026

FZOMX (Fidelity SAI Short-Term Bond Fund) and STBFX (Sextant Short Term Bond Fund) are both Short-Term Bond funds. A 0.62 correlation means they provide meaningful diversification when combined. FZOMX charges 0.30%/yr vs 0.60%/yr for STBFX.

Performance

FZOMX vs. STBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Short-Term Bond Fund (FZOMX) and Sextant Short Term Bond Fund (STBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FZOMX

• 1D: -0.10%
• 1M: 0.13%
• YTD: 0.82%
• 6M: 1.18%
• 1Y: 3.86%
• 3Y*: 4.86%
• 5Y*: 2.31%
• 10Y*: —

STBFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FZOMX vs. STBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FZOMX Fidelity SAI Short-Term Bond Fund	0.82%	5.51%	4.71%	5.21%	-3.71%	-0.69%	0.37%
STBFX Sextant Short Term Bond Fund	0.28%	4.92%	3.87%	3.79%	-4.16%	-1.09%	0.30%

Correlation

The correlation between FZOMX and STBFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020	0.62

The correlation between FZOMX and STBFX shifts across timeframes, from 0.42 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FZOMX vs. STBFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZOMX

FZOMX Risk / Return Rank: 72
FZOMX Sharpe Ratio Rank: 47
FZOMX Sortino Ratio Rank: 83
FZOMX Omega Ratio Rank: 77
FZOMX Calmar Ratio Rank: 74
FZOMX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FZOMX vs. STBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and Sextant Short Term Bond Fund (STBFX). 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	STBFX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	3.96	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.33	—	—
Martin ratio: Return relative to average drawdown	14.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FZOMX	STBFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	—	—

Drawdowns

Drawdown Indicators

	FZOMX	STBFX	Difference
Max Drawdown Largest peak-to-trough decline	-6.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.12%	—	—
Current Drawdown Current decline from peak	-0.21%	—	—
Average Drawdown Average peak-to-trough decline	-1.28%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	—	—

Volatility

Volatility by Period

	FZOMX	STBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.08%	—	—

FZOMX vs. STBFX - Expense Ratio Comparison

FZOMX has a 0.30% expense ratio, which is lower than STBFX's 0.60% expense ratio.

Dividends

FZOMX vs. STBFX - Dividend Comparison

FZOMX's dividend yield for the trailing twelve months is around 4.54%, more than STBFX's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZOMX Fidelity SAI Short-Term Bond Fund	4.54%	4.64%	4.27%	3.26%	0.76%	0.41%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%
STBFX Sextant Short Term Bond Fund	2.61%	3.17%	2.77%	1.84%	1.04%	1.07%	1.60%	1.75%	1.47%	1.30%	1.06%	1.07%

Frequently Asked Questions

Can I hold both FZOMX and STBFX in my portfolio?

FZOMX and STBFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.