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.
AGZ vs. FGOVX
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and Fidelity Government Income Fund (FGOVX).
AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008. FGOVX is managed by Fidelity. It was launched on Apr 4, 1979.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGZ or FGOVX.
Performance
AGZ vs. FGOVX - Performance Comparison
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Key characteristics
AGZ:
1.76
FGOVX:
1.02
AGZ:
2.47
FGOVX:
1.43
AGZ:
1.31
FGOVX:
1.17
AGZ:
1.06
FGOVX:
0.37
AGZ:
6.53
FGOVX:
2.20
AGZ:
0.82%
FGOVX:
2.39%
AGZ:
3.23%
FGOVX:
5.46%
AGZ:
-11.23%
FGOVX:
-19.51%
AGZ:
-0.46%
FGOVX:
-10.14%
Returns By Period
In the year-to-date period, AGZ achieves a 2.31% return, which is significantly higher than FGOVX's 1.87% return. Over the past 10 years, AGZ has outperformed FGOVX with an annualized return of 1.70%, while FGOVX has yielded a comparatively lower 0.76% annualized return.
AGZ
2.31%
-0.46%
2.04%
5.65%
2.41%
0.26%
1.70%
FGOVX
1.87%
-1.25%
0.79%
5.60%
0.30%
-1.91%
0.76%
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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.
Risk-Adjusted Performance
AGZ vs. FGOVX — Risk-Adjusted Performance Rank
AGZ
FGOVX
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.
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Dividends
AGZ vs. FGOVX - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.59%, less than FGOVX's 3.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.59% | 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 | 3.81% | 3.75% | 2.56% | 1.51% | 0.76% | 2.39% | 2.10% | 2.07% | 1.80% | 2.39% | 2.57% | 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 -19.51%. Use the drawdown chart below to compare losses from any high point for AGZ and FGOVX.
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Volatility
AGZ vs. FGOVX - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.79%, while Fidelity Government Income Fund (FGOVX) has a volatility of 1.43%. 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.
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