FBLTX vs. FVIAX
Compare and contrast key facts about Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Fidelity Advisor Government Income Fund Class A (FVIAX).
FBLTX is managed by Fidelity. It was launched on Oct 8, 2015. FVIAX is managed by Fidelity. It was launched on Oct 24, 2006.
Performance
FBLTX vs. FVIAX - Performance Comparison
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FBLTX vs. FVIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | -0.25% | 4.39% | -8.05% | 2.71% | -31.84% | -4.89% | 18.27% | 14.36% | -1.24% | 9.06% |
FVIAX Fidelity Advisor Government Income Fund Class A | -0.19% | 6.20% | -0.18% | 3.64% | -13.30% | -2.54% | 6.45% | 6.06% | 0.39% | 1.78% |
Returns By Period
In the year-to-date period, FBLTX achieves a -0.25% return, which is significantly lower than FVIAX's -0.19% return. Over the past 10 years, FBLTX has underperformed FVIAX with an annualized return of -1.47%, while FVIAX has yielded a comparatively higher 0.48% annualized return.
FBLTX
- 1D
- -0.15%
- 1M
- -3.47%
- YTD
- -0.25%
- 6M
- -1.29%
- 1Y
- -1.56%
- 3Y*
- -2.81%
- 5Y*
- -6.07%
- 10Y*
- -1.47%
FVIAX
- 1D
- 0.00%
- 1M
- -1.60%
- YTD
- -0.19%
- 6M
- 0.41%
- 1Y
- 2.74%
- 3Y*
- 2.11%
- 5Y*
- -0.84%
- 10Y*
- 0.48%
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FBLTX vs. FVIAX - Expense Ratio Comparison
FBLTX has a 0.03% expense ratio, which is lower than FVIAX's 0.77% expense ratio.
Return for Risk
FBLTX vs. FVIAX — Risk / Return Rank
FBLTX
FVIAX
FBLTX vs. FVIAX - 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 Fidelity Advisor Government Income Fund Class A (FVIAX). 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.
| FBLTX | FVIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 0.72 | -0.78 |
Sortino ratioReturn per unit of downside risk | -0.01 | 1.05 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.24 | -1.03 |
Martin ratioReturn relative to average drawdown | 0.44 | 3.29 | -2.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBLTX | FVIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.72 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.14 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.10 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.22 | -0.27 |
Correlation
The correlation between FBLTX and FVIAX is 0.91, 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.
Dividends
FBLTX vs. FVIAX - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.75%, more than FVIAX's 2.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.75% | 4.04% | 3.60% | 3.29% | 2.25% | 1.81% | 6.73% | 2.39% | 2.87% | 2.68% | 3.70% | 0.39% |
FVIAX Fidelity Advisor Government Income Fund Class A | 2.82% | 3.03% | 2.93% | 2.03% | 0.86% | 0.39% | 2.07% | 1.77% | 1.75% | 1.47% | 2.34% | 1.96% |
Drawdowns
FBLTX vs. FVIAX - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -49.06%, which is greater than FVIAX's maximum drawdown of -20.79%. Use the drawdown chart below to compare losses from any high point for FBLTX and FVIAX.
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Drawdown Indicators
| FBLTX | FVIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -20.79% | -28.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -2.88% | -6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -44.19% | -18.57% | -25.62% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -20.66% | -28.40% |
Current DrawdownCurrent decline from peak | -41.11% | -8.86% | -32.25% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -7.06% | -13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 1.08% | +3.39% |
Volatility
FBLTX vs. FVIAX - Volatility Comparison
Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 3.71% compared to Fidelity Advisor Government Income Fund Class A (FVIAX) at 1.51%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than FVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBLTX | FVIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 1.51% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 2.57% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 4.31% | +7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 6.09% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 5.04% | +9.58% |