FBLTX vs. FNBGX
Compare and contrast key facts about Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX).
FBLTX is managed by Fidelity. It was launched on Oct 8, 2015. FNBGX is managed by Fidelity. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBLTX or FNBGX.
Key characteristics
| FBLTX | FNBGX | |
|---|---|---|
| YTD Return | -4.15% | -3.12% |
| 1Y Return | 6.27% | 6.74% |
| 3Y Return (Ann) | -12.35% | -11.15% |
| 5Y Return (Ann) | -6.12% | -5.00% |
| Sharpe Ratio | 0.57 | 0.64 |
| Sortino Ratio | 0.90 | 1.00 |
| Omega Ratio | 1.10 | 1.12 |
| Calmar Ratio | 0.18 | 0.20 |
| Martin Ratio | 1.42 | 1.67 |
| Ulcer Index | 5.89% | 5.25% |
| Daily Std Dev | 14.80% | 13.74% |
| Max Drawdown | -51.05% | -47.77% |
| Current Drawdown | -43.50% | -39.69% |
Correlation
The correlation between FBLTX and FNBGX is 1.00, 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
FBLTX vs. FNBGX - Performance Comparison
In the year-to-date period, FBLTX achieves a -4.15% return, which is significantly lower than FNBGX's -3.12% 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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FBLTX vs. FNBGX - Expense Ratio Comparison
Both FBLTX and FNBGX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FBLTX vs. FNBGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX). 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
FBLTX vs. FNBGX - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.70%, more than FNBGX's 3.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.70% | 3.29% | 2.99% | 1.87% | 1.91% | 2.40% | 2.87% | 2.69% | 2.79% | 0.64% |
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.59% | 3.20% | 3.00% | 2.05% | 2.13% | 2.64% | 2.95% | 0.69% | 0.00% | 0.00% |
Drawdowns
FBLTX vs. FNBGX - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -51.05%, which is greater than FNBGX's maximum drawdown of -47.77%. Use the drawdown chart below to compare losses from any high point for FBLTX and FNBGX. For additional features, visit the drawdowns tool.
Volatility
FBLTX vs. FNBGX - Volatility Comparison
Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 4.73% compared to Fidelity Long-Term Treasury Bond Index Fund (FNBGX) at 4.33%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than FNBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.