FBLTX vs. IEF
Compare and contrast key facts about Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and iShares 7-10 Year Treasury Bond ETF (IEF).
FBLTX is managed by Fidelity. It was launched on Oct 8, 2015. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002.
Performance
FBLTX vs. IEF - Performance Comparison
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FBLTX vs. IEF - 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% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.22% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Returns By Period
In the year-to-date period, FBLTX achieves a -0.25% return, which is significantly lower than IEF's -0.22% return. Over the past 10 years, FBLTX has underperformed IEF with an annualized return of -1.47%, while IEF has yielded a comparatively higher 0.78% 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%
IEF
- 1D
- -0.09%
- 1M
- -1.82%
- YTD
- -0.22%
- 6M
- 0.37%
- 1Y
- 3.49%
- 3Y*
- 2.22%
- 5Y*
- -0.78%
- 10Y*
- 0.78%
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FBLTX vs. IEF - Expense Ratio Comparison
FBLTX has a 0.03% expense ratio, which is lower than IEF's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FBLTX vs. IEF — Risk / Return Rank
FBLTX
IEF
FBLTX vs. IEF - 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 iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 0.66 | -0.72 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.97 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.20 | -0.99 |
Martin ratioReturn relative to average drawdown | 0.44 | 2.98 | -2.55 |
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 | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.66 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.10 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.12 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.51 | -0.56 |
Correlation
The correlation between FBLTX and IEF is 0.92, 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. IEF - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.75%, less than IEF's 3.85% 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% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.85% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Drawdowns
FBLTX vs. IEF - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -49.06%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for FBLTX and IEF.
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Drawdown Indicators
| FBLTX | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -23.93% | -25.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -3.22% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -44.19% | -21.40% | -22.79% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -23.93% | -25.13% |
Current DrawdownCurrent decline from peak | -41.11% | -10.96% | -30.15% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -5.30% | -15.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 1.29% | +3.18% |
Volatility
FBLTX vs. IEF - Volatility Comparison
Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 3.71% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.91%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBLTX | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 1.91% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 3.22% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 5.35% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 7.70% | +8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 6.63% | +7.99% |