- Issuer
- Fidelity
- Inception Date
- Aug 28, 2018
- Category
- Ultrashort Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FHQFX Performance Chart
Fidelity Series Treasury Bill Index Fund (FHQFX) is up 1.7% since the beginning of the year. FHQFX is currently trading at $10 per share. Investors who bought $1,000 worth of FHQFX shares 5 years ago would now be looking at an investment worth $1,165.
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Compare this symbol against anything
Returns By Period
Fidelity Series Treasury Bill Index Fund (FHQFX) has returned 1.72% so far this year and 3.56% over the past 12 months.
Fidelity Series Treasury Bill Index Fund
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.51%
- YTD
- 1.72%
- 1Y
- 3.56%
- 3Y*
- 4.44%
- 5Y*
- 3.10%
- 10Y*
- —
- ALL TIME*
- 2.67%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FHQFX Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2020, FHQFX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jan 2024 with a return of +0.7%, while the worst month was Oct 2022 at -0.2%. The longest winning streak lasted 32 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FHQFX closed higher 6% of trading days. The best single day was Dec 15, 2023 with a return of +0.6%, while the worst single day was Dec 18, 2023 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.21% | 0.27% | 0.31% | 0.30% | 0.31% | 0.30% | 0.00% | 1.72% | |||||
| 2025 | 0.37% | 0.33% | 0.36% | 0.35% | 0.26% | 0.35% | 0.36% | 0.47% | 0.34% | 0.34% | 0.32% | 0.42% | 4.37% |
| 2024 | 0.66% | 0.31% | 0.45% | 0.43% | 0.45% | 0.45% | 0.56% | 0.44% | 0.52% | 0.30% | 0.37% | 0.48% | 5.56% |
| 2023 | 0.39% | 0.26% | 0.50% | 0.30% | 0.32% | 0.53% | 0.45% | 0.46% | 0.35% | -0.00% | 0.56% | 0.26% | 4.47% |
| 2022 | 0.00% | -0.10% | 0.00% | 0.00% | 0.00% | -0.10% | -0.10% | -0.10% | 0.00% | -0.20% | 0.10% | 0.00% | -0.50% |
| 2021 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
Benchmark Metrics
Fidelity Series Treasury Bill Index Fund has an annualized alpha of 2.69%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 19, 2020.
- This fund captured 5.35% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.84%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.69%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 5.35%
- Downside Capture
- -4.84%
Expense Ratio
FHQFX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FHQFX ranks 100 for risk / return — above 100% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and compare them to S&P 500 Index.
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.
| FHQFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +38.04 | ||
| Omega ratioGain probability vs. loss probability | 40.45 | 1.25 | +39.20 |
| Calmar ratioReturn relative to maximum drawdown | 41.35 | 2.00 | +39.35 |
| Martin ratioReturn relative to average drawdown | 195.16 | 8.49 | +186.67 |
Dividends
Dividend History
Fidelity Series Treasury Bill Index Fund provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.41 | $0.51 | $0.46 | $0.00 | $0.00 | $0.01 |
Dividend yield | 3.49% | 4.16% | 5.09% | 4.67% | 0.00% | 0.01% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series Treasury Bill Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.18 | |||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2024 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.00 | $0.05 | $0.05 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Series Treasury Bill Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Series Treasury Bill Index Fund was 0.70%, occurring on Dec 18, 2023. Recovery took 29 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.70%Dec 2023 | 1d | 1mo 14d | 1mo 14dDec 2023 - Jan 2024 | — |
-0.63%Oct 2022 | 1y 10mo | 4mo 12d | 2y 2moDec 2020 - Feb 2023 | Bear market2022 |
-0.30%Dec 2023 | 1d | 3d | 3dDec 2023 - Dec 2023 | — |
-0.10%May 2023 | 1d | 1d | 1dMay 2023 - May 2023 | — |
-0.10%Sep 2023 | 1d | 1d | 1dSep 2023 - Sep 2023 | — |
Drawdown Indicators
| FHQFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.70% | -56.78% | +56.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -9.10% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.70% | -18.90% | +18.20% |
Max Drawdown (5Y)Largest decline over 5 years | -0.70% | -25.43% | +24.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -10.70% | +10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.14% | -2.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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