SCCIX vs. FSMOX

Last updated Aug 1, 2026

SCCIX (Carillon Reams Core Bond Fund) and FSMOX (Fidelity SAI Investment Grade Securitized Fund) are both Intermediate Core Bond funds. Over the past 3 years, SCCIX returned 3.85%/yr vs 4.19%/yr for FSMOX. Their correlation of 0.94 means they have usually moved in the same direction. SCCIX charges 0.40%/yr vs 0.33%/yr for FSMOX.

Performance

SCCIX vs. FSMOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Reams Core Bond Fund (SCCIX) and Fidelity SAI Investment Grade Securitized Fund (FSMOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCCIX achieves a -0.16% return, which is significantly lower than FSMOX's 0.15% return.

SCCIX

• 1D: 0.00%
• 1M: -1.02%
• 6M: -0.44%
• YTD: -0.16%
• 1Y: 2.53%
• 3Y*: 3.85%
• 5Y*: -0.18%
• 10Y*: 2.16%
• ALL TIME*: 2.28%

FSMOX

• 1D: 0.10%
• 1M: -1.01%
• 6M: -0.37%
• YTD: 0.15%
• 1Y: 3.63%
• 3Y*: 4.19%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSMOX Fidelity SAI Investment Grade Securitized Fund	$0.00	$0.00	$0.00
SCCIX Carillon Reams Core Bond Fund	$0.00	$0.00	$0.00

SCCIX vs. FSMOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCCIX Carillon Reams Core Bond Fund	-0.16%	7.63%	1.45%	2.17%
FSMOX Fidelity SAI Investment Grade Securitized Fund	0.15%	8.52%	1.45%	1.16%

Correlation

The correlation between SCCIX and FSMOX is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (All Time) Calculated using the full available price history since May 17, 2023	0.94

The correlation between SCCIX and FSMOX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

SCCIX vs. FSMOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCCIX

SCCIX Risk / Return Rank: 22
SCCIX Sharpe Ratio Rank: 23
SCCIX Sortino Ratio Rank: 23
SCCIX Omega Ratio Rank: 21
SCCIX Calmar Ratio Rank: 23
SCCIX Martin Ratio Rank: 20

FSMOX

FSMOX Risk / Return Rank: 41
FSMOX Sharpe Ratio Rank: 43
FSMOX Sortino Ratio Rank: 46
FSMOX Omega Ratio Rank: 41
FSMOX Calmar Ratio Rank: 44
FSMOX Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCCIX vs. FSMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Reams Core Bond Fund (SCCIX) and Fidelity SAI Investment Grade Securitized Fund (FSMOX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SCCIX	FSMOX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.24	-0.40
Sortino ratio: Return per unit of downside risk	1.26	1.87	-0.60
Omega ratio: Gain probability vs. loss probability	1.15	1.22	-0.08
Calmar ratio: Return relative to maximum drawdown	1.11	1.73	-0.62
Martin ratio: Return relative to average drawdown	2.91	4.77	-1.85

SCCIX vs. FSMOX - Sharpe Ratio Comparison

The current SCCIX Sharpe Ratio is 0.85, which is lower than the FSMOX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of SCCIX and FSMOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCCIX vs. FSMOX - Drawdown Comparison

The maximum SCCIX drawdown since its inception was -22.19%, which is greater than FSMOX's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for SCCIX and FSMOX.

Drawdown Indicators

	SCCIX	FSMOX	Difference
Max Drawdown Largest peak-to-trough decline	-22.19%	-8.65%	-13.54%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-2.84%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-6.98%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-18.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.25%	—	—
Current Drawdown Current decline from peak	-2.24%	-1.98%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.48%	-1.75%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	1.03%	+0.13%

Volatility

SCCIX vs. FSMOX - Volatility Comparison

The current volatility for Carillon Reams Core Bond Fund (SCCIX) is 0.94%, while Fidelity SAI Investment Grade Securitized Fund (FSMOX) has a volatility of 1.06%. This indicates that SCCIX experiences smaller price fluctuations and is considered to be less risky than FSMOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCCIX	FSMOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	1.06%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	3.07%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	3.96%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.38%	6.11%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	6.11%	-0.91%

SCCIX vs. FSMOX - Expense Ratio Comparison

SCCIX has a 0.40% expense ratio, which is higher than FSMOX's 0.33% expense ratio.

Dividends

SCCIX vs. FSMOX - Dividend Comparison

SCCIX's dividend yield for the trailing twelve months is around 4.34%, more than FSMOX's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSMOX Fidelity SAI Investment Grade Securitized Fund	4.14%	4.44%	5.07%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCCIX Carillon Reams Core Bond Fund	3.98%	4.34%	4.39%	3.82%	2.36%	1.13%	3.13%	4.39%	2.26%	1.75%	3.86%	1.66%

Frequently Asked Questions

Can I hold both SCCIX and FSMOX in my portfolio?

SCCIX and FSMOX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCCIX or FSMOX?

FSMOX has higher volatility (1.06%) compared to SCCIX (0.94%). In terms of maximum drawdown, SCCIX dropped -22.19% vs FSMOX's -8.65%.

Which has better risk-adjusted returns?

FSMOX currently has the higher Sharpe Ratio (1.24 vs 0.85), 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.