Fidelity Government Income Fund (FGOVX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FGOVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGOVX
FGOVX charges 0.45% annually. There are 35 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01% | — | Mar 2009 | FGOVX vs GUSTX | |
| Fidelity Intermediate Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FGOVX vs FUAMX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FGOVX vs FUMBX | |
| Fidelity SAI U.S. Treasury Bond Index Fund | 0.03% | — | Mar 2016 | FGOVX vs FUTBX | |
| Fidelity SAI Long-Term Treasury Bond Index Fund | 0.03% | — | Oct 2015 | FGOVX vs FBLTX |
Best Risk-Adjusted Alternatives to FGOVX
FGOVX has a PortfoliosLab risk / return rank of 19. There are 56 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 99 | — | Dec 1985 | FGOVX vs FEUGX | |
| DFA Short-Term Government Portfolio | 99 | 1.81B | May 1987 | FGOVX vs DFFGX | |
| GMO U.S. Treasury Fund | 99 | — | Mar 2009 | FGOVX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 94 | — | Aug 2010 | FGOVX vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 93 | 33.80B | Dec 2009 | FGOVX vs VSBSX |
Top Performing FGOVX Alternatives (YTD)
FGOVX is at -0.58% YTD. There are 49 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 1.94% | — | Dec 1985 | FGOVX vs FEUGX | |
| DFA Short-Term Government Portfolio | 1.79% | 1.81B | May 1987 | FGOVX vs DFFGX | |
| Integrity Short Term Government Fund | 1.60% | — | Jun 2011 | FGOVX vs MDSIX | |
| GMO U.S. Treasury Fund | 1.59% | — | Mar 2009 | FGOVX vs GUSTX | |
| Davis Government Bond Fund | 1.14% | — | Nov 1994 | FGOVX vs RFBAX |
Lowest Volatility Alternatives to FGOVX
FGOVX has 3.72% 1-year volatility. There are 46 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.81% | 1.81B | May 1987 | FGOVX vs DFFGX | |
| GMO U.S. Treasury Fund | 1.27% | — | Mar 2009 | FGOVX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 1.30% | 33.80B | Dec 2009 | FGOVX vs VSBSX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 1.30% | — | Aug 2010 | FGOVX vs VSBIX | |
| Federated Hermes Adjustable Rate Fund | 1.37% | — | Dec 1985 | FGOVX vs FEUGX |
Lowest Drawdown Alternatives to FGOVX
FGOVX has a 1-year max drawdown of -3.06%. There are 44 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.20% | — | Mar 2009 | FGOVX vs GUSTX | |
| DFA Short-Term Government Portfolio | -0.30% | 1.81B | May 1987 | FGOVX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | -0.32% | — | Dec 1985 | FGOVX vs FEUGX | |
| Davis Government Bond Fund | -0.77% | — | Nov 1994 | FGOVX vs RFBAX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | -0.81% | — | Aug 2010 | FGOVX vs VSBIX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 64 | 9.35% | — | Feb 1988 | FGOVX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 48.22% | — | Jul 1985 | FGOVX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 9.94% | — | — | FGOVX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 9.87% | — | — | FGOVX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 11 | -0.52% | — | — | FGOVX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 40 | 10.15% | — | Dec 1987 | FGOVX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 28 | 5.62% | 176.32B | May 1967 | FGOVX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 59 | 9.06% | — | — | FGOVX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 70 | 12.57% | — | Nov 1997 | FGOVX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 73 | 12.99% | — | Jun 2016 | FGOVX vs FTIHX |
Often Compared With FGOVX
Investors most often compare FGOVX with FSTGX, FXNAX, AGZ. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FGOVX with Any Fund or Stock
Compare FGOVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGOVX with funds that move differently
Fidelity Government Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGOVX.
Explore FGOVX Diversifiers