Fidelity Short-Term Treasury Bond Index Fund (FUMBX)

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Fidelity Short-Term Treasury Bond Index Fund (FUMBX) is up 0.2% since the beginning of the year. FUMBX is currently trading at $10 per share. Investors who bought $1,000 worth of FUMBX shares 5 years ago would now be looking at an investment worth $1,067.

Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has returned 0.19% so far this year and 3.39% over the past 12 months.

Based on dividend-adjusted daily data since Oct 19, 2017, FUMBX's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Mar 2023 with a return of +2.1%, while the worst month was Mar 2022 at -2.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FUMBX closed higher 33% of trading days. The best single day was Mar 13, 2023 with a return of +1.1%, while the worst single day was Jun 13, 2022 at -0.7%.

Fidelity Short-Term Treasury Bond Index Fund has an annualized alpha of 2.04%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 20, 2017.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (4.88%) than losses (0.14%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 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 0.01 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.

FUMBX has an expense ratio of 0.03%, which is considered low.

FUMBX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and compare them to S&P 500 Index.

Fidelity Short-Term Treasury Bond Index Fund provided a 3.76% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity Short-Term Treasury Bond 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 Short-Term Treasury Bond 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 Short-Term Treasury Bond Index Fund was 8.83%, occurring on Oct 20, 2022. Recovery took 447 trading sessions.

The current Fidelity Short-Term Treasury Bond Index Fund drawdown is 0.77%.

The chart below shows the rolling one-month volatility.