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AGZ vs. FGOVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AGZ and FGOVX is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.2

Performance

AGZ vs. FGOVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Agency Bond ETF (AGZ) and Fidelity Government Income Fund (FGOVX). The values are adjusted to include any dividend payments, if applicable.

34.00%36.00%38.00%40.00%42.00%44.00%46.00%NovemberDecember2025FebruaryMarchApril
45.44%
39.91%
AGZ
FGOVX

Key characteristics

Sharpe Ratio

AGZ:

1.98

FGOVX:

1.31

Sortino Ratio

AGZ:

3.01

FGOVX:

1.96

Omega Ratio

AGZ:

1.38

FGOVX:

1.23

Calmar Ratio

AGZ:

1.12

FGOVX:

0.46

Martin Ratio

AGZ:

7.96

FGOVX:

3.08

Ulcer Index

AGZ:

0.80%

FGOVX:

2.31%

Daily Std Dev

AGZ:

3.22%

FGOVX:

5.43%

Max Drawdown

AGZ:

-11.23%

FGOVX:

-20.69%

Current Drawdown

AGZ:

-0.07%

FGOVX:

-9.50%

Returns By Period

The year-to-date returns for both investments are quite close, with AGZ having a 2.55% return and FGOVX slightly higher at 2.59%. Over the past 10 years, AGZ has outperformed FGOVX with an annualized return of 1.70%, while FGOVX has yielded a comparatively lower 0.75% annualized return.


AGZ

YTD

2.55%

1M

1.04%

6M

2.43%

1Y

6.59%

5Y*

0.44%

10Y*

1.70%

FGOVX

YTD

2.59%

1M

0.71%

6M

1.90%

1Y

7.36%

5Y*

-1.84%

10Y*

0.75%

*Annualized

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AGZ vs. FGOVX - Expense Ratio Comparison

AGZ has a 0.20% expense ratio, which is lower than FGOVX's 0.45% expense ratio.


Expense ratio chart for FGOVX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FGOVX: 0.45%
Expense ratio chart for AGZ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AGZ: 0.20%

Risk-Adjusted Performance

AGZ vs. FGOVX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGZ
The Risk-Adjusted Performance Rank of AGZ is 9191
Overall Rank
The Sharpe Ratio Rank of AGZ is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of AGZ is 9595
Sortino Ratio Rank
The Omega Ratio Rank of AGZ is 9393
Omega Ratio Rank
The Calmar Ratio Rank of AGZ is 8484
Calmar Ratio Rank
The Martin Ratio Rank of AGZ is 9090
Martin Ratio Rank

FGOVX
The Risk-Adjusted Performance Rank of FGOVX is 7777
Overall Rank
The Sharpe Ratio Rank of FGOVX is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of FGOVX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of FGOVX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of FGOVX is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FGOVX is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AGZ vs. FGOVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and Fidelity Government Income Fund (FGOVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for AGZ, currently valued at 2.05, compared to the broader market-1.000.001.002.003.004.00
AGZ: 2.05
FGOVX: 1.31
The chart of Sortino ratio for AGZ, currently valued at 3.12, compared to the broader market-2.000.002.004.006.008.00
AGZ: 3.12
FGOVX: 1.96
The chart of Omega ratio for AGZ, currently valued at 1.40, compared to the broader market0.501.001.502.00
AGZ: 1.40
FGOVX: 1.23
The chart of Calmar ratio for AGZ, currently valued at 1.16, compared to the broader market0.002.004.006.008.0010.0012.00
AGZ: 1.16
FGOVX: 0.46
The chart of Martin ratio for AGZ, currently valued at 8.20, compared to the broader market0.0020.0040.0060.00
AGZ: 8.20
FGOVX: 3.08

The current AGZ Sharpe Ratio is 1.98, which is higher than the FGOVX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of AGZ and FGOVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
2.05
1.31
AGZ
FGOVX

Dividends

AGZ vs. FGOVX - Dividend Comparison

AGZ's dividend yield for the trailing twelve months is around 3.54%, less than FGOVX's 3.76% yield.


TTM20242023202220212020201920182017201620152014
AGZ
iShares Agency Bond ETF
3.54%3.48%3.14%1.56%0.71%2.25%2.32%2.15%1.58%1.52%1.30%1.33%
FGOVX
Fidelity Government Income Fund
3.76%3.75%2.56%1.51%0.76%2.39%2.10%2.07%1.80%2.39%2.45%1.89%

Drawdowns

AGZ vs. FGOVX - Drawdown Comparison

The maximum AGZ drawdown since its inception was -11.23%, smaller than the maximum FGOVX drawdown of -20.69%. Use the drawdown chart below to compare losses from any high point for AGZ and FGOVX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.07%
-9.50%
AGZ
FGOVX

Volatility

AGZ vs. FGOVX - Volatility Comparison

The current volatility for iShares Agency Bond ETF (AGZ) is 1.43%, while Fidelity Government Income Fund (FGOVX) has a volatility of 2.10%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than FGOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril
1.43%
2.10%
AGZ
FGOVX