FHNFX Alternatives & Similar Mutual Funds

Fidelity Series Government Bond Index Fund (FHNFX) 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 FHNFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FHNFX

FHNFX charges 0.00% annually. No mutual funds in the Government Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	FHNFX vs GUSTX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	FHNFX vs FUTBX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	0.03%	—	Oct 2015	FHNFX vs FBLTX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FHNFX vs FNBGX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	Dec 2005	FHNFX vs FUAMX

Best Risk-Adjusted Alternatives to FHNFX

FHNFX has a PortfoliosLab risk / return rank of 15. There are 68 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	FHNFX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	99	1.81B	May 1987	FHNFX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	FHNFX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	94	—	Aug 2010	FHNFX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	93	33.80B	Dec 2009	FHNFX vs VSBSX

Top Performing FHNFX Alternatives (YTD)

FHNFX is at -0.74% YTD. There are 61 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.94%.

Symbol	Name	YTD Return	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	1.94%	—	Dec 1985	FHNFX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	1.79%	1.81B	May 1987	FHNFX vs DFFGX
MDSIX	Integrity Short Term Government Fund	1.60%	—	Jun 2011	FHNFX vs MDSIX
GUSTX	GMO U.S. Treasury Fund	1.59%	—	Mar 2009	FHNFX vs GUSTX
RFBAX	Davis Government Bond Fund	1.14%	—	Nov 1994	FHNFX vs RFBAX

Lowest Volatility Alternatives to FHNFX

FHNFX has 3.69% 1-year volatility. There are 43 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	0.81%	1.81B	May 1987	FHNFX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.27%	—	Mar 2009	FHNFX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.30%	—	Aug 2010	FHNFX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.30%	33.80B	Dec 2009	FHNFX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.37%	—	Dec 1985	FHNFX vs FEUGX

Lowest Drawdown Alternatives to FHNFX

FHNFX has a 1-year max drawdown of -3.02%. There are 43 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
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	FHNFX vs GUSTX
DFFGX	DFA Short-Term Government Portfolio	-0.30%	1.81B	May 1987	FHNFX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	FHNFX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	FHNFX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	FHNFX 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
FXAIX	Fidelity 500 Index Fund	S&P 500	64	9.35%	—	Feb 1988	FHNFX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	80	48.22%	—	Jul 1985	FHNFX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	64	9.94%	—	—	FHNFX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	63	9.87%	—	—	FHNFX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	11	-0.52%	—	—	FHNFX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	40	10.15%	—	Dec 1987	FHNFX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	28	5.62%	176.32B	May 1967	FHNFX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	59	9.06%	—	—	FHNFX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	70	12.57%	—	Nov 1997	FHNFX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	73	12.99%	—	Jun 2016	FHNFX vs FTIHX

Often Compared With FHNFX

Investors most often compare FHNFX with VGIT, VFITX, BNDW. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VGIT	Vanguard Intermediate-Term Treasury ETF	Government Bonds	25	-0.77%	50.40B	Nov 2009	FHNFX vs VGIT
VFITX	Vanguard Intermediate-Term Treasury Fund Investor ...	Government Bonds	15	-1.09%	7.20B	Oct 1991	FHNFX vs VFITX
BNDW	Vanguard Total World Bond ETF	Global Bonds	23	-0.20%	1.90B	Sep 2018	FHNFX vs BNDW
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	22	-0.63%	—	Mar 1990	FHNFX vs FXNAX
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	71	0.14%	—	Apr 2001	FHNFX vs FTABX
VGSH	Vanguard Short-Term Treasury ETF	Government Bonds, Short-Term Bond	91	0.77%	33.80B	Nov 2009	FHNFX vs VGSH
VGLT	Vanguard Long-Term Treasury ETF	Government Bonds, Long-Term Bond	10	-3.26%	15.20B	Nov 2009	FHNFX vs VGLT
BND	Vanguard Total Bond Market ETF	Total Bond Market	29	-0.54%	398.10B	Apr 2007	FHNFX vs BND
GOVT	iShares U.S. Treasury Bond ETF	Government Bonds	23	-0.74%	43.55B	Feb 2012	FHNFX vs GOVT
VT	Vanguard Total World Stock ETF	Global Equities	70	11.15%	97.00B	Jun 2008	FHNFX vs VT
DBLDX	DoubleLine Long Duration Total Return Bond Fund	Government Bonds	6	-2.22%	—	Dec 2014	FHNFX vs DBLDX
VSIGX	Vanguard Intermediate-Term Treasury Index Fund Adm...	Government Bonds	18	-0.61%	50.40B	Aug 2010	FHNFX vs VSIGX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	42	0.01%	—	Nov 1985	FHNFX vs PRGMX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	Short-Term Bond, Government Bonds	55	0.15%	—	Dec 2005	FHNFX vs FUMBX
LTUSX	Thornburg Limited Term U.S. Government Fund	Government Bonds	34	0.35%	—	Nov 1987	FHNFX vs LTUSX
SGINX	DWS GNMA Fund	Government Bonds	19	-0.91%	—	Jul 2000	FHNFX vs SGINX
FGMNX	Fidelity GNMA Fund	Government Bonds	46	0.41%	—	Nov 1985	FHNFX vs FGMNX
SWTSX	Schwab Total Stock Market Index Fund	Large Cap Blend Equities	63	9.82%	44.09B	Jun 1999	FHNFX vs SWTSX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	59	0.37%	6.80B	May 2013	FHNFX vs VGAVX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	59	0.48%	6.80B	Feb 2015	FHNFX vs VGIVX

Compare FHNFX with Any Fund or Stock

Compare FHNFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FHNFX with funds that move differently

Fidelity Series Government Bond Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHNFX.

Explore FHNFX Diversifiers

Fidelity Series Government Bond Index Fund (FHNFX) Alternatives