Fidelity Series Treasury Bill Index Fund (FHQFX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Series Treasury Bill Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity Series Treasury Bill Index Fund (FHQFX) has returned 0.48% so far this year and 3.76% over the past 12 months.

Based on dividend-adjusted daily data since Oct 19, 2020, FHQFX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.

Historically, 61% of months were positive and 39% 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 28 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%.

Fidelity Series Treasury Bill Index Fund has an annualized alpha of 2.65%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 20, 2020.

• This fund captured 5.55% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.13%) — 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.

FHQFX has an expense ratio of 0.00%, meaning no management fees are charged.

FHQFX ranks 100 for risk / return — in the top 100% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Series Treasury Bill Index Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.37 per share.

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.

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.

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.

The chart below shows the rolling one-month volatility.