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FBLTX vs. OGVCX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FBLTX vs. OGVCX - 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 JPMorgan Government Bond Fund Class C (OGVCX). The values are adjusted to include any dividend payments, if applicable.

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FBLTX vs. OGVCX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FBLTX
Fidelity SAI Long-Term Treasury Bond Index Fund
-0.10%4.39%-8.05%2.71%-31.84%-4.89%18.27%14.36%-1.24%9.06%
OGVCX
JPMorgan Government Bond Fund Class C
-0.52%5.99%0.61%3.50%-12.55%-3.00%5.95%5.76%-0.05%1.45%

Returns By Period

In the year-to-date period, FBLTX achieves a -0.10% return, which is significantly higher than OGVCX's -0.52% return. Over the past 10 years, FBLTX has underperformed OGVCX with an annualized return of -1.45%, while OGVCX has yielded a comparatively higher 0.36% annualized return.


FBLTX

1D
1.37%
1M
-4.30%
YTD
-0.10%
6M
-1.00%
1Y
-0.57%
3Y*
-2.77%
5Y*
-5.77%
10Y*
-1.45%

OGVCX

1D
0.52%
1M
-2.23%
YTD
-0.52%
6M
0.35%
1Y
2.79%
3Y*
2.27%
5Y*
-0.75%
10Y*
0.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FBLTX vs. OGVCX - Expense Ratio Comparison

FBLTX has a 0.03% expense ratio, which is lower than OGVCX's 1.39% expense ratio.


Return for Risk

FBLTX vs. OGVCX — Risk / Return Rank

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

FBLTX
FBLTX Risk / Return Rank: 77
Overall Rank
FBLTX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
FBLTX Sortino Ratio Rank: 66
Sortino Ratio Rank
FBLTX Omega Ratio Rank: 66
Omega Ratio Rank
FBLTX Calmar Ratio Rank: 1010
Calmar Ratio Rank
FBLTX Martin Ratio Rank: 88
Martin Ratio Rank

OGVCX
OGVCX Risk / Return Rank: 3434
Overall Rank
OGVCX Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
OGVCX Sortino Ratio Rank: 2828
Sortino Ratio Rank
OGVCX Omega Ratio Rank: 2222
Omega Ratio Rank
OGVCX Calmar Ratio Rank: 5757
Calmar Ratio Rank
OGVCX Martin Ratio Rank: 3434
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBLTX vs. OGVCX - 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 JPMorgan Government Bond Fund Class C (OGVCX). 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.


FBLTXOGVCXDifference

Sharpe ratio

Return per unit of total volatility

0.07

0.72

-0.65

Sortino ratio

Return per unit of downside risk

0.17

1.05

-0.88

Omega ratio

Gain probability vs. loss probability

1.02

1.13

-0.11

Calmar ratio

Return relative to maximum drawdown

0.19

1.33

-1.14

Martin ratio

Return relative to average drawdown

0.41

3.66

-3.26

FBLTX vs. OGVCX - Sharpe Ratio Comparison

The current FBLTX Sharpe Ratio is 0.07, which is lower than the OGVCX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FBLTX and OGVCX, 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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Sharpe Ratios by Period


FBLTXOGVCXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.07

0.72

-0.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.37

-0.14

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.10

0.08

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.05

0.55

-0.61

Correlation

The correlation between FBLTX and OGVCX is 0.90, 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. OGVCX - Dividend Comparison

FBLTX's dividend yield for the trailing twelve months is around 3.74%, more than OGVCX's 2.34% yield.


TTM20252024202320222021202020192018201720162015
FBLTX
Fidelity SAI Long-Term Treasury Bond Index Fund
3.74%4.04%3.60%3.29%2.25%1.81%6.73%2.39%2.87%2.68%3.70%0.39%
OGVCX
JPMorgan Government Bond Fund Class C
2.34%2.24%2.10%1.82%1.21%0.58%0.95%1.49%1.57%1.54%1.76%2.90%

Drawdowns

FBLTX vs. OGVCX - Drawdown Comparison

The maximum FBLTX drawdown since its inception was -49.06%, which is greater than OGVCX's maximum drawdown of -19.66%. Use the drawdown chart below to compare losses from any high point for FBLTX and OGVCX.


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Drawdown Indicators


FBLTXOGVCXDifference

Max Drawdown

Largest peak-to-trough decline

-49.06%

-19.66%

-29.40%

Max Drawdown (1Y)

Largest decline over 1 year

-9.51%

-2.74%

-6.77%

Max Drawdown (5Y)

Largest decline over 5 years

-44.19%

-18.01%

-26.18%

Max Drawdown (10Y)

Largest decline over 10 years

-49.06%

-19.66%

-29.40%

Current Drawdown

Current decline from peak

-41.02%

-7.96%

-33.06%

Average Drawdown

Average peak-to-trough decline

-20.65%

-3.51%

-17.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.47%

1.00%

+3.47%

Volatility

FBLTX vs. OGVCX - Volatility Comparison

Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 3.80% compared to JPMorgan Government Bond Fund Class C (OGVCX) at 1.44%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than OGVCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FBLTXOGVCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

1.44%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

6.63%

2.56%

+4.07%

Volatility (1Y)

Calculated over the trailing 1-year period

11.51%

4.17%

+7.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.72%

5.56%

+10.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.62%

4.57%

+10.05%