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.
Key characteristics
| AGZ | FGOVX | |
|---|---|---|
| YTD Return | 2.71% | 0.83% |
| 1Y Return | 5.94% | 6.68% |
| 3Y Return (Ann) | -0.19% | -2.84% |
| 5Y Return (Ann) | 0.86% | -1.16% |
| 10Y Return (Ann) | 1.58% | 0.48% |
| Sharpe Ratio | 1.82 | 0.94 |
| Sortino Ratio | 2.80 | 1.39 |
| Omega Ratio | 1.34 | 1.17 |
| Calmar Ratio | 0.78 | 0.31 |
| Martin Ratio | 8.58 | 2.93 |
| Ulcer Index | 0.68% | 1.87% |
| Daily Std Dev | 3.23% | 5.96% |
| Max Drawdown | -11.01% | -20.53% |
| Current Drawdown | -2.03% | -12.93% |
Correlation
The correlation between AGZ and FGOVX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AGZ vs. FGOVX - Performance Comparison
In the year-to-date period, AGZ achieves a 2.71% return, which is significantly higher than FGOVX's 0.83% return. Over the past 10 years, AGZ has outperformed FGOVX with an annualized return of 1.58%, while FGOVX has yielded a comparatively lower 0.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
AGZ vs. FGOVX - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.44%, more than FGOVX's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.44% | 3.14% | 1.57% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% | 1.19% |
FGOVX Fidelity Government Income Fund | 3.23% | 2.57% | 1.52% | 0.75% | 1.11% | 2.09% | 2.07% | 1.80% | 1.64% | 2.45% | 1.89% | 1.47% |
Drawdowns
AGZ vs. FGOVX - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, smaller than the maximum FGOVX drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for AGZ and FGOVX. For additional features, visit the drawdowns tool.
Volatility
AGZ vs. FGOVX - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.82%, while Fidelity Government Income Fund (FGOVX) has a volatility of 1.71%. 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.