FZOMX vs. VGSH
Compare and contrast key facts about Fidelity SAI Short-Term Bond Fund (FZOMX) and Vanguard Short-Term Treasury ETF (VGSH).
FZOMX is managed by Fidelity. It was launched on Oct 13, 2020. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009.
Performance
FZOMX vs. VGSH - Performance Comparison
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FZOMX vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 0.22% | 5.51% | 4.71% | 5.21% | -3.71% | -0.69% | 0.37% |
VGSH Vanguard Short-Term Treasury ETF | 0.25% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 0.04% |
Returns By Period
In the year-to-date period, FZOMX achieves a 0.22% return, which is significantly lower than VGSH's 0.25% return.
FZOMX
- 1D
- 0.10%
- 1M
- -0.41%
- YTD
- 0.22%
- 6M
- 1.18%
- 1Y
- 3.98%
- 3Y*
- 4.68%
- 5Y*
- 2.25%
- 10Y*
- —
VGSH
- 1D
- -0.02%
- 1M
- -0.33%
- YTD
- 0.25%
- 6M
- 1.24%
- 1Y
- 3.68%
- 3Y*
- 3.97%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
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FZOMX vs. VGSH - Expense Ratio Comparison
FZOMX has a 0.30% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Return for Risk
FZOMX vs. VGSH — Risk / Return Rank
FZOMX
VGSH
FZOMX vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Short-Term Bond Fund (FZOMX) and Vanguard Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 2.57 | -0.67 |
Sortino ratioReturn per unit of downside risk | 3.42 | 4.13 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.55 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.56 | 4.21 | -0.65 |
Martin ratioReturn relative to average drawdown | 14.10 | 15.93 | -1.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FZOMX | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 2.57 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.92 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.01 | -0.03 |
Correlation
The correlation between FZOMX and VGSH is 0.82, 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.
Dividends
FZOMX vs. VGSH - Dividend Comparison
FZOMX's dividend yield for the trailing twelve months is around 4.23%, more than VGSH's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZOMX Fidelity SAI Short-Term Bond Fund | 4.23% | 4.64% | 4.27% | 3.26% | 0.76% | 0.41% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.93% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Drawdowns
FZOMX vs. VGSH - Drawdown Comparison
The maximum FZOMX drawdown since its inception was -6.12%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for FZOMX and VGSH.
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Drawdown Indicators
| FZOMX | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.12% | -5.70% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -0.88% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -5.70% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.52% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -0.60% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.23% | +0.08% |
Volatility
FZOMX vs. VGSH - Volatility Comparison
Fidelity SAI Short-Term Bond Fund (FZOMX) has a higher volatility of 0.70% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.52%. This indicates that FZOMX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZOMX | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.52% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 0.84% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 1.44% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.17% | 1.96% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 1.57% | +0.51% |