FBLTX vs. VBLAX
Compare and contrast key facts about Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX).
FBLTX is managed by Fidelity. It was launched on Oct 8, 2015. VBLAX is managed by Vanguard. It was launched on Feb 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBLTX or VBLAX.
Key characteristics
| FBLTX | VBLAX | |
|---|---|---|
| YTD Return | -3.19% | -0.75% |
| 1Y Return | 9.25% | 12.14% |
| 3Y Return (Ann) | -11.76% | -8.10% |
| 5Y Return (Ann) | -6.14% | -3.02% |
| Sharpe Ratio | 0.60 | 1.06 |
| Sortino Ratio | 0.93 | 1.56 |
| Omega Ratio | 1.11 | 1.18 |
| Calmar Ratio | 0.18 | 0.35 |
| Martin Ratio | 1.45 | 3.00 |
| Ulcer Index | 5.93% | 4.23% |
| Daily Std Dev | 14.60% | 11.97% |
| Max Drawdown | -51.05% | -40.12% |
| Current Drawdown | -42.94% | -28.77% |
Correlation
The correlation between FBLTX and VBLAX is 0.97, 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. VBLAX - Performance Comparison
In the year-to-date period, FBLTX achieves a -3.19% return, which is significantly lower than VBLAX's -0.75% 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. VBLAX - Expense Ratio Comparison
FBLTX has a 0.03% expense ratio, which is lower than VBLAX's 0.07% 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%.
Risk-Adjusted Performance
FBLTX vs. VBLAX - 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 Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX). 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. VBLAX - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.66%, less than VBLAX's 4.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBLTX Fidelity SAI Long-Term Treasury Bond Index Fund | 3.66% | 3.29% | 2.99% | 1.87% | 1.91% | 2.40% | 2.87% | 2.69% | 2.79% | 0.64% |
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.40% | 4.08% | 3.99% | 2.85% | 2.95% | 3.08% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBLTX vs. VBLAX - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -51.05%, which is greater than VBLAX's maximum drawdown of -40.12%. Use the drawdown chart below to compare losses from any high point for FBLTX and VBLAX. For additional features, visit the drawdowns tool.
Volatility
FBLTX vs. VBLAX - Volatility Comparison
Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 4.91% compared to Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) at 3.99%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than VBLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.