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.
FAPGX vs. FDRXX
Compare and contrast key facts about Fidelity Sustainable Low Duration Bond (FAPGX) and Fidelity Government Cash Reserves (FDRXX).
FAPGX is managed by Fidelity. It was launched on Apr 29, 2022. FDRXX is managed by Fidelity. It was launched on Dec 15, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAPGX or FDRXX.
Performance
FAPGX vs. FDRXX - Performance Comparison
Loading data...
Key characteristics
FAPGX:
5.42
FDRXX:
3.59
FAPGX:
0.04%
FDRXX:
0.00%
FAPGX:
0.96%
FDRXX:
1.29%
FAPGX:
-0.41%
FDRXX:
0.00%
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
1.52%
0.20%
2.18%
5.23%
4.35%
N/A
N/A
FDRXX
1.34%
0.00%
2.07%
4.64%
4.16%
2.48%
1.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FAPGX vs. FDRXX - Expense Ratio Comparison
FAPGX has a 0.25% expense ratio, which is lower than FDRXX's 0.38% expense ratio.
Risk-Adjusted Performance
FAPGX vs. FDRXX — Risk-Adjusted Performance Rank
FAPGX
FDRXX
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.
Loading data...
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.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|---|---|
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.
Loading data...
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.
Loading data...