FBLTX vs. VGLT
Compare and contrast key facts about Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) and Vanguard Long-Term Treasury ETF (VGLT).
FBLTX is managed by Fidelity. It was launched on Oct 8, 2015. VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
FBLTX vs. VGLT - Performance Comparison
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FBLTX vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGLT Vanguard Long-Term Treasury ETF | -0.14% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, FBLTX achieves a -0.10% return, which is significantly higher than VGLT's -0.14% return. Over the past 10 years, FBLTX has underperformed VGLT with an annualized return of -1.45%, while VGLT has yielded a comparatively higher -0.87% 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%
VGLT
- 1D
- -0.05%
- 1M
- -3.18%
- YTD
- -0.14%
- 6M
- -0.79%
- 1Y
- -0.40%
- 3Y*
- -1.59%
- 5Y*
- -4.89%
- 10Y*
- -0.87%
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FBLTX vs. VGLT - Expense Ratio Comparison
Both FBLTX and VGLT 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%.
Return for Risk
FBLTX vs. VGLT — Risk / Return Rank
FBLTX
VGLT
FBLTX vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | -0.04 | +0.11 |
Sortino ratioReturn per unit of downside risk | 0.17 | 0.02 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.00 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.04 | +0.15 |
Martin ratioReturn relative to average drawdown | 0.41 | 0.09 | +0.31 |
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 | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.07 | -0.04 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.34 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | -0.06 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.19 | -0.24 |
Correlation
The correlation between FBLTX and VGLT is 0.99, 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. VGLT - Dividend Comparison
FBLTX's dividend yield for the trailing twelve months is around 3.74%, less than VGLT's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGLT Vanguard Long-Term Treasury ETF | 4.54% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
FBLTX vs. VGLT - Drawdown Comparison
The maximum FBLTX drawdown since its inception was -49.06%, which is greater than VGLT's maximum drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FBLTX and VGLT.
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Drawdown Indicators
| FBLTX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -46.18% | -2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -8.48% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -44.19% | -40.98% | -3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -46.18% | -2.88% |
Current DrawdownCurrent decline from peak | -41.02% | -36.66% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -20.65% | -14.83% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 3.86% | +0.61% |
Volatility
FBLTX vs. VGLT - Volatility Comparison
Fidelity SAI Long-Term Treasury Bond Index Fund (FBLTX) has a higher volatility of 3.80% compared to Vanguard Long-Term Treasury ETF (VGLT) at 3.45%. This indicates that FBLTX's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBLTX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 3.45% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 6.00% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 10.32% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 14.59% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 13.84% | +0.78% |