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FBLTX vs. FNBGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FBLTX and FNBGX is -0.11. 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

FBLTX vs. FNBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FBLTX:

-0.14

FNBGX:

-0.05

Sortino Ratio

FBLTX:

-0.23

FNBGX:

-0.13

Omega Ratio

FBLTX:

0.97

FNBGX:

0.99

Calmar Ratio

FBLTX:

-0.08

FNBGX:

-0.05

Martin Ratio

FBLTX:

-0.43

FNBGX:

-0.29

Ulcer Index

FBLTX:

7.88%

FNBGX:

7.04%

Daily Std Dev

FBLTX:

14.35%

FNBGX:

13.07%

Max Drawdown

FBLTX:

-48.56%

FNBGX:

-47.77%

Current Drawdown

FBLTX:

-43.34%

FNBGX:

-41.79%

Returns By Period

In the year-to-date period, FBLTX achieves a -1.11% return, which is significantly lower than FNBGX's -0.61% return.


FBLTX

YTD

-1.11%

1M

-2.07%

6M

-2.90%

1Y

-1.95%

5Y*

-10.13%

10Y*

N/A

FNBGX

YTD

-0.61%

1M

-1.86%

6M

-2.12%

1Y

-0.68%

5Y*

-9.65%

10Y*

N/A

*Annualized

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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 Rank

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

FBLTX
The Risk-Adjusted Performance Rank of FBLTX is 1010
Overall Rank
The Sharpe Ratio Rank of FBLTX is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of FBLTX is 77
Sortino Ratio Rank
The Omega Ratio Rank of FBLTX is 88
Omega Ratio Rank
The Calmar Ratio Rank of FBLTX is 1212
Calmar Ratio Rank
The Martin Ratio Rank of FBLTX is 99
Martin Ratio Rank

FNBGX
The Risk-Adjusted Performance Rank of FNBGX is 1212
Overall Rank
The Sharpe Ratio Rank of FNBGX is 1515
Sharpe Ratio Rank
The Sortino Ratio Rank of FNBGX is 99
Sortino Ratio Rank
The Omega Ratio Rank of FNBGX is 1010
Omega Ratio Rank
The Calmar Ratio Rank of FNBGX is 1414
Calmar Ratio Rank
The Martin Ratio Rank of FNBGX is 1111
Martin Ratio Rank
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.

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.


The current FBLTX Sharpe Ratio is -0.14, which is lower than the FNBGX Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of FBLTX and FNBGX, 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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Dividends

FBLTX vs. FNBGX - Dividend Comparison

FBLTX's dividend yield for the trailing twelve months is around 4.08%, less than FNBGX's 4.85% yield.


TTM2024202320222021202020192018201720162015
FBLTX
Fidelity SAI Long-Term Treasury Bond Index Fund
4.08%3.93%3.29%2.99%2.11%6.72%2.40%2.87%2.69%3.47%0.64%
FNBGX
Fidelity Long-Term Treasury Bond Index Fund
4.85%5.01%4.00%3.77%2.05%2.13%2.64%3.19%0.69%0.00%0.00%

Drawdowns

FBLTX vs. FNBGX - Drawdown Comparison

The maximum FBLTX drawdown since its inception was -48.56%, roughly equal to the maximum FNBGX 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.


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Volatility

FBLTX vs. FNBGX - Volatility Comparison

Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 3.68% compared to Fidelity Long-Term Treasury Bond Index Fund (FNBGX) at 3.43%. 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.


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