OSTIX vs. FITLX

Last updated Jun 3, 2026

OSTIX (Osterweis Strategic Income Fund) and FITLX (Fidelity US Sustainability Index Fund) are both mutual funds - OSTIX is a High Yield Bonds fund managed by Osterweis, while FITLX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, OSTIX returned 4.41%/yr vs 14.23%/yr for FITLX. A 0.50 correlation means they provide meaningful diversification when combined. OSTIX charges 0.84%/yr vs 0.11%/yr for FITLX.

Performance

OSTIX vs. FITLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osterweis Strategic Income Fund (OSTIX) and Fidelity US Sustainability Index Fund (FITLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSTIX achieves a 1.67% return, which is significantly lower than FITLX's 10.96% return.

OSTIX

• 1D: 0.00%
• 1M: 0.92%
• YTD: 1.67%
• 6M: 2.19%
• 1Y: 5.22%
• 3Y*: 7.26%
• 5Y*: 4.41%
• 10Y*: 5.13%

FITLX

• 1D: 0.87%
• 1M: 5.46%
• YTD: 10.96%
• 6M: 12.04%
• 1Y: 30.23%
• 3Y*: 22.90%
• 5Y*: 14.23%
• 10Y*: —

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

OSTIX vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OSTIX Osterweis Strategic Income Fund	1.67%	4.04%	8.03%	12.29%	-5.94%	5.48%	9.01%	5.36%	-0.66%	3.25%
FITLX Fidelity US Sustainability Index Fund	10.96%	18.77%	23.59%	29.04%	-20.28%	31.55%	18.69%	31.54%	-3.32%	13.07%

Correlation

The correlation between OSTIX and FITLX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since May 10, 2017	0.50

The correlation between OSTIX and FITLX has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

Return for Risk

OSTIX vs. FITLX — Risk / Return Rank

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

OSTIX

OSTIX Risk / Return Rank: 89
OSTIX Sharpe Ratio Rank: 92
OSTIX Sortino Ratio Rank: 92
OSTIX Omega Ratio Rank: 94
OSTIX Calmar Ratio Rank: 80
OSTIX Martin Ratio Rank: 87

FITLX

FITLX Risk / Return Rank: 59
FITLX Sharpe Ratio Rank: 67
FITLX Sortino Ratio Rank: 62
FITLX Omega Ratio Rank: 60
FITLX Calmar Ratio Rank: 49
FITLX Martin Ratio Rank: 58

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.

OSTIX vs. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osterweis Strategic Income Fund (OSTIX) and Fidelity US Sustainability Index Fund (FITLX). 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.

	OSTIX	FITLX	Difference
Sharpe ratio Return per unit of total volatility	3.10	2.40	+0.70
Sortino ratio Return per unit of downside risk	4.63	3.32	+1.32
Omega ratio Gain probability vs. loss probability	1.75	1.43	+0.32
Calmar ratio Return relative to maximum drawdown	3.68	2.70	+0.98
Martin ratio Return relative to average drawdown	16.73	11.75	+4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSTIX vs. FITLX - Sharpe Ratio Comparison

The current OSTIX Sharpe Ratio is 3.10, which is comparable to the FITLX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of OSTIX and FITLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OSTIX	FITLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.40	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.47	0.81	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.35	0.83	+1.53

Drawdowns

OSTIX vs. FITLX - Drawdown Comparison

The maximum OSTIX drawdown since its inception was -10.06%, smaller than the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for OSTIX and FITLX.

Drawdown Indicators

	OSTIX	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-34.35%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-11.15%	+9.73%
Max Drawdown (3Y) Largest decline over 3 years	-3.27%	-19.99%	+16.72%
Max Drawdown (5Y) Largest decline over 5 years	-9.75%	-26.91%	+17.16%
Max Drawdown (10Y) Largest decline over 10 years	-10.06%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.94%	-5.08%	+4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	2.56%	-2.25%

Volatility

OSTIX vs. FITLX - Volatility Comparison

The current volatility for Osterweis Strategic Income Fund (OSTIX) is 0.51%, while Fidelity US Sustainability Index Fund (FITLX) has a volatility of 3.49%. This indicates that OSTIX experiences smaller price fluctuations and is considered to be less risky than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSTIX	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	3.49%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	1.35%	9.76%	-8.41%
Volatility (1Y) Calculated over the trailing 1-year period	1.69%	12.78%	-11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	17.58%	-14.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	19.11%	-16.15%

OSTIX vs. FITLX - Expense Ratio Comparison

OSTIX has a 0.84% expense ratio, which is higher than FITLX's 0.11% expense ratio.

Dividends

OSTIX vs. FITLX - Dividend Comparison

OSTIX's dividend yield for the trailing twelve months is around 4.75%, more than FITLX's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITLX Fidelity US Sustainability Index Fund	1.00%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%	0.00%	0.00%
OSTIX Osterweis Strategic Income Fund	4.75%	3.96%	5.25%	5.72%	4.72%	4.03%	3.85%	4.74%	4.66%	4.58%	5.23%	5.98%

Frequently Asked Questions

Can I hold both OSTIX and FITLX in my portfolio?

OSTIX and FITLX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSTIX or FITLX?

FITLX has higher volatility (3.49%) compared to OSTIX (0.51%). In terms of maximum drawdown, OSTIX dropped -10.06% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

OSTIX currently has the higher Sharpe Ratio (3.10 vs 2.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.