FBLTX vs. EVGOX
FBLTX (Fidelity SAI Long-Term Treasury Bond Index Fund) and EVGOX (Eaton Vance Government Opportunities Fund) are both Government Bonds funds. Over the past 10 years, FBLTX returned -2.52%/yr vs 1.44%/yr for EVGOX. Their 0.44 correlation means their historical movements had little consistent relationship. FBLTX charges 0.03%/yr vs 1.05%/yr for EVGOX.
Performance
FBLTX vs. EVGOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBLTX achieves a -3.37% return, which is significantly lower than EVGOX's -0.67% return. Over the past 10 years, FBLTX has underperformed EVGOX with an annualized return of -2.52%, while EVGOX has yielded a comparatively higher 1.44% annualized return.
FBLTX
- 1D
- -0.16%
- 1M
- -3.63%
- 6M
- -3.28%
- YTD
- -3.37%
- 1Y
- -2.17%
- 3Y*
- -2.29%
- 5Y*
- -8.31%
- 10Y*
- -2.52%
- ALL TIME*
- -1.05%
EVGOX
- 1D
- 0.19%
- 1M
- -1.32%
- 6M
- -0.95%
- YTD
- -0.67%
- 1Y
- 1.97%
- 3Y*
- 4.43%
- 5Y*
- 1.27%
- 10Y*
- 1.44%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FBLTX vs. EVGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | -3.37% | 4.39% | -8.05% | 2.71% | -31.84% | -4.89% | 18.27% | 14.36% | -1.24% | 9.06% |
EVGOX Eaton Vance Government Opportunities Fund | -0.67% | 10.50% | 0.07% | 4.56% | -6.57% | -1.20% | 4.59% | 2.43% | 0.72% | 1.30% |
Correlation
The correlation between FBLTX and EVGOX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2015 | 0.44 |
Over the past year, FBLTX and EVGOX have become more correlated (0.66) than their long-term average of 0.44, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FBLTX vs. EVGOX — Risk / Return Rank
FBLTX
EVGOX
FBLTX vs. EVGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Eaton Vance Government Opportunities Fund (EVGOX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBLTX | EVGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.15 | -1.20 |
| Martin ratioReturn relative to average drawdown | -0.10 | 2.92 | -3.02 |
Loading charts...
Drawdowns
FBLTX vs. EVGOX - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -49.06%, which is greater than EVGOX's maximum drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for FBLTX and EVGOX.
Loading charts...
Drawdown Indicators
| FBLTX | EVGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -23.97% | -25.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -3.32% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -6.74% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -44.19% | -11.06% | -33.13% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -11.44% | -37.62% |
Current DrawdownCurrent decline from peak | -42.95% | -2.61% | -40.34% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -3.42% | -17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.30% | +2.24% |
Volatility
FBLTX vs. EVGOX - Volatility Comparison
Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 2.48% compared to Eaton Vance Government Opportunities Fund (EVGOX) at 1.42%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than EVGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBLTX | EVGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.42% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 3.82% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 4.76% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 5.40% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 4.08% | +10.43% |
FBLTX vs. EVGOX - Expense Ratio Comparison
FBLTX has a 0.03% expense ratio, which is lower than EVGOX's 1.05% expense ratio.
Dividends
FBLTX vs. EVGOX - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.97%, less than EVGOX's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 5.09% | 5.38% | 5.24% | 4.58% | 2.75% | 1.77% | 2.19% | 3.24% | 3.34% | 3.54% | 3.30% | 3.81% |
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.97% | 4.04% | 3.60% | 3.29% | 2.25% | 1.81% | 6.73% | 2.39% | 2.87% | 2.68% | 3.70% | 0.39% |
Frequently Asked Questions
FBLTX and EVGOX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBLTX has higher volatility (2.48%) compared to EVGOX (1.42%). In terms of maximum drawdown, FBLTX dropped -49.06% vs EVGOX's -23.97%.
EVGOX currently has the higher Sharpe Ratio (0.80 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FBLTX and EVGOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer