See what your fund actually adds

Fidelity SAI Merger Arbitrage Fund FMADX

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

FMADX compared with its replication portfolio
MeasureFMADXReplication
Annualized growth7.1%4.7%
Annualized volatility2.3%0.6%
Sharpe ratio3.007.65
Maximum drawdown0.7%0.2%
Replication fit (R²)0.11 · Tracking error 2.2%

Replication portfolio

The published portfolio below is the investable basket used to model FMADX’s historical return behavior.

FMADX replication basket weights
TickerBuilding blockWeight
BILFI · Ultra-Short95.1%
XLVSector · Healthcare2.6%
VOEMid-Cap · Value2.3%