FZOMX vs. SWSBX
Compare and contrast key facts about Fidelity SAI Short-Term Bond Fund (FZOMX) and Schwab Short-Term Bond Index Fund (SWSBX).
FZOMX is managed by Fidelity Investments. It was launched on Oct 13, 2020. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FZOMX or SWSBX.
Correlation
The correlation between FZOMX and SWSBX is 0.83, 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. SWSBX - Performance Comparison
Key characteristics
FZOMX:
2.65
SWSBX:
1.85
FZOMX:
4.85
SWSBX:
2.98
FZOMX:
1.68
SWSBX:
1.38
FZOMX:
5.88
SWSBX:
1.41
FZOMX:
15.11
SWSBX:
7.02
FZOMX:
0.36%
SWSBX:
0.70%
FZOMX:
2.03%
SWSBX:
2.64%
FZOMX:
-5.93%
SWSBX:
-8.97%
FZOMX:
-0.10%
SWSBX:
-0.38%
Returns By Period
The year-to-date returns for both stocks are quite close, with FZOMX having a 0.47% return and SWSBX slightly lower at 0.46%.
FZOMX
0.47%
0.47%
1.85%
5.29%
N/A
N/A
SWSBX
0.46%
0.46%
1.13%
4.89%
1.02%
N/A
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FZOMX vs. SWSBX - Expense Ratio Comparison
FZOMX has a 0.30% expense ratio, which is higher than SWSBX's 0.06% expense ratio.
Risk-Adjusted Performance
FZOMX vs. SWSBX — Risk-Adjusted Performance Rank
FZOMX
SWSBX
FZOMX vs. SWSBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and Schwab Short-Term Bond Index Fund (SWSBX). 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. SWSBX - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 4.31%, more than SWSBX's 4.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 4.31% | 4.28% | 3.27% | 1.00% | 0.43% | 0.16% | 0.00% | 0.00% | 0.00% |
SWSBX Schwab Short-Term Bond Index Fund | 4.03% | 3.98% | 3.16% | 1.49% | 0.90% | 1.56% | 2.40% | 2.12% | 1.55% |
Drawdowns
FZOMX vs. SWSBX - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -5.93%, smaller than the maximum SWSBX drawdown of -8.97%. Use the drawdown chart below to compare losses from any high point for FZOMX and SWSBX. For additional features, visit the drawdowns tool.
Volatility
FZOMX vs. SWSBX - Volatility Comparison
The current volatility for Fidelity SAI Short-Term Bond Fund (FZOMX) is 0.58%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.64%. This indicates that FZOMX experiences smaller price fluctuations and is considered to be less risky than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.