SAOPX vs. FULVX

Last updated Jun 3, 2026

SAOPX (Barrett Opportunity Fund) and FULVX (Fidelity U.S. Low Volatility Equity Fund) are both Large Cap Blend Equities funds. Over the past 5 years, SAOPX returned 13.13%/yr vs 5.24%/yr for FULVX. A 0.78 correlation means they provide meaningful diversification when combined. SAOPX charges 1.18%/yr vs 0.66%/yr for FULVX.

Performance

SAOPX vs. FULVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrett Opportunity Fund (SAOPX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAOPX achieves a 7.76% return, which is significantly higher than FULVX's -0.01% return.

SAOPX

• 1D: 0.38%
• 1M: 0.53%
• YTD: 7.76%
• 6M: 8.50%
• 1Y: 30.62%
• 3Y*: 18.73%
• 5Y*: 13.13%
• 10Y*: 12.09%

FULVX

• 1D: 0.00%
• 1M: -0.52%
• YTD: -0.01%
• 6M: -0.55%
• 1Y: 0.65%
• 3Y*: 9.47%
• 5Y*: 5.24%
• 10Y*: —

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

SAOPX vs. FULVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SAOPX Barrett Opportunity Fund	7.76%	12.76%	20.81%	17.85%	-6.39%	31.64%	1.23%	3.86%
FULVX Fidelity U.S. Low Volatility Equity Fund	-0.01%	5.23%	17.76%	6.38%	-10.43%	17.79%	3.83%	4.30%

Correlation

The correlation between SAOPX and FULVX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Nov 6, 2019	0.78

The correlation between SAOPX and FULVX shifts across timeframes, from 0.58 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SAOPX vs. FULVX — Risk / Return Rank

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

SAOPX

SAOPX Risk / Return Rank: 73
SAOPX Sharpe Ratio Rank: 80
SAOPX Sortino Ratio Rank: 73
SAOPX Omega Ratio Rank: 71
SAOPX Calmar Ratio Rank: 84
SAOPX Martin Ratio Rank: 56

FULVX

FULVX Risk / Return Rank: 3
FULVX Sharpe Ratio Rank: 3
FULVX Sortino Ratio Rank: 2
FULVX Omega Ratio Rank: 2
FULVX Calmar Ratio Rank: 2
FULVX Martin Ratio Rank: 2

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.

SAOPX vs. FULVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrett Opportunity Fund (SAOPX) and Fidelity U.S. Low Volatility Equity Fund (FULVX). 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.

	SAOPX	FULVX	Difference
Sharpe ratio Return per unit of total volatility	2.61	0.00	+2.61
Sortino ratio Return per unit of downside risk	3.58	0.06	+3.52
Omega ratio Gain probability vs. loss probability	1.47	1.01	+0.47
Calmar ratio Return relative to maximum drawdown	3.99	0.00	+3.99
Martin ratio Return relative to average drawdown	11.25	0.00	+11.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAOPX vs. FULVX - Sharpe Ratio Comparison

The current SAOPX Sharpe Ratio is 2.61, which is higher than the FULVX Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of SAOPX and FULVX, 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

	SAOPX	FULVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	0.00	+2.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.43	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.40	-0.03

Drawdowns

SAOPX vs. FULVX - Drawdown Comparison

The maximum SAOPX drawdown since its inception was -65.75%, which is greater than FULVX's maximum drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for SAOPX and FULVX.

Drawdown Indicators

	SAOPX	FULVX	Difference
Max Drawdown Largest peak-to-trough decline	-65.75%	-33.24%	-32.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	-6.33%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-52.45%	-10.31%	-42.14%
Max Drawdown (5Y) Largest decline over 5 years	-52.45%	-18.64%	-33.81%
Max Drawdown (10Y) Largest decline over 10 years	-52.45%	—	—
Current Drawdown Current decline from peak	-28.99%	-3.95%	-25.04%
Average Drawdown Average peak-to-trough decline	-12.43%	-5.09%	-7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.16%	+0.55%

Volatility

SAOPX vs. FULVX - Volatility Comparison

Barrett Opportunity Fund (SAOPX) has a higher volatility of 2.18% compared to Fidelity U.S. Low Volatility Equity Fund (FULVX) at 1.84%. This indicates that SAOPX's price experiences larger fluctuations and is considered to be riskier than FULVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAOPX	FULVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	1.84%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	5.81%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	8.38%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.69%	12.19%	+25.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.85%	16.22%	+13.63%

SAOPX vs. FULVX - Expense Ratio Comparison

SAOPX has a 1.18% expense ratio, which is higher than FULVX's 0.66% expense ratio.

Dividends

SAOPX vs. FULVX - Dividend Comparison

SAOPX's dividend yield for the trailing twelve months is around 40.61%, more than FULVX's 13.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FULVX Fidelity U.S. Low Volatility Equity Fund	13.25%	6.82%	5.76%	1.65%	4.98%	5.35%	0.62%	0.28%	0.00%	0.00%	0.00%	0.00%
SAOPX Barrett Opportunity Fund	40.61%	43.76%	68.76%	28.25%	13.34%	12.53%	6.24%	10.08%	15.51%	6.06%	26.77%	11.55%

Frequently Asked Questions

Can I hold both SAOPX and FULVX in my portfolio?

SAOPX and FULVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAOPX or FULVX?

SAOPX has higher volatility (2.18%) compared to FULVX (1.84%). In terms of maximum drawdown, SAOPX dropped -65.75% vs FULVX's -33.24%.

Which has better risk-adjusted returns?

SAOPX currently has the higher Sharpe Ratio (2.61 vs 0.00), 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.