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FAPGX vs. FDRXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FAPGX and FDRXX is -0.03. 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.


Performance

FAPGX vs. FDRXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainable Low Duration Bond (FAPGX) and Fidelity Government Cash Reserves (FDRXX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FAPGX:

5.42

FDRXX:

3.59

Ulcer Index

FAPGX:

0.04%

FDRXX:

0.00%

Daily Std Dev

FAPGX:

0.96%

FDRXX:

1.29%

Max Drawdown

FAPGX:

-0.41%

FDRXX:

0.00%

Current Drawdown

FAPGX:

0.00%

FDRXX:

0.00%

Returns By Period

In the year-to-date period, FAPGX achieves a 1.52% return, which is significantly higher than FDRXX's 1.34% return.


FAPGX

YTD

1.52%

1M

0.20%

6M

2.18%

1Y

5.23%

3Y*

4.35%

5Y*

N/A

10Y*

N/A

FDRXX

YTD

1.34%

1M

0.00%

6M

2.07%

1Y

4.64%

3Y*

4.16%

5Y*

2.48%

10Y*

1.36%

*Annualized

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Fidelity Government Cash Reserves

FAPGX vs. FDRXX - Expense Ratio Comparison

FAPGX has a 0.25% expense ratio, which is lower than FDRXX's 0.38% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FAPGX vs. FDRXX — Risk-Adjusted Performance Rank

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

FAPGX
The Risk-Adjusted Performance Rank of FAPGX is 100100
Overall Rank
The Sharpe Ratio Rank of FAPGX is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of FAPGX is 100100
Sortino Ratio Rank
The Omega Ratio Rank of FAPGX is 100100
Omega Ratio Rank
The Calmar Ratio Rank of FAPGX is 100100
Calmar Ratio Rank
The Martin Ratio Rank of FAPGX is 100100
Martin Ratio Rank

FDRXX
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.

FAPGX vs. FDRXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Low Duration Bond (FAPGX) and Fidelity Government Cash Reserves (FDRXX). 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 current FAPGX Sharpe Ratio is 5.42, which is higher than the FDRXX Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of FAPGX and FDRXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FAPGX vs. FDRXX - Dividend Comparison

FAPGX's dividend yield for the trailing twelve months is around 4.61%, more than FDRXX's 4.52% yield.


TTM202420232022202120202019
FAPGX
Fidelity Sustainable Low Duration Bond
4.61%4.81%3.45%1.09%0.00%0.00%0.00%
FDRXX
Fidelity Government Cash Reserves
4.52%4.84%4.69%1.33%0.01%0.28%1.01%

Drawdowns

FAPGX vs. FDRXX - Drawdown Comparison

The maximum FAPGX drawdown since its inception was -0.41%, which is greater than FDRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FAPGX and FDRXX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FAPGX vs. FDRXX - Volatility Comparison

Fidelity Sustainable Low Duration Bond (FAPGX) has a higher volatility of 0.32% compared to Fidelity Government Cash Reserves (FDRXX) at 0.00%. This indicates that FAPGX's price experiences larger fluctuations and is considered to be riskier than FDRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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