FDRXX vs. BINC
Compare and contrast key facts about Fidelity Government Cash Reserves (FDRXX) and BlackRock Flexible Income ETF (BINC).
FDRXX is managed by Fidelity. It was launched on Dec 15, 1999. BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRXX or BINC.
Correlation
The correlation between FDRXX and BINC is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FDRXX vs. BINC - Performance Comparison
Key characteristics
FDRXX:
3.21
BINC:
3.11
FDRXX:
0.00%
BINC:
0.40%
FDRXX:
1.40%
BINC:
2.30%
FDRXX:
0.00%
BINC:
-1.95%
FDRXX:
0.00%
BINC:
-0.06%
Returns By Period
FDRXX
0.00%
0.00%
1.95%
4.53%
2.22%
1.22%
BINC
1.30%
0.83%
2.40%
7.19%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FDRXX vs. BINC - Expense Ratio Comparison
FDRXX has a 0.38% expense ratio, which is lower than BINC's 0.40% expense ratio.
Risk-Adjusted Performance
FDRXX vs. BINC — Risk-Adjusted Performance Rank
FDRXX
BINC
FDRXX vs. BINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and BlackRock Flexible Income ETF (BINC). 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
FDRXX vs. BINC - Dividend Comparison
FDRXX's dividend yield for the trailing twelve months is around 4.41%, less than BINC's 6.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FDRXX Fidelity Government Cash Reserves | 4.41% | 4.84% | 4.69% | 1.33% | 0.01% | 0.28% | 1.01% |
BINC BlackRock Flexible Income ETF | 6.39% | 6.13% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDRXX vs. BINC - Drawdown Comparison
The maximum FDRXX drawdown since its inception was 0.00%, smaller than the maximum BINC drawdown of -1.95%. Use the drawdown chart below to compare losses from any high point for FDRXX and BINC. For additional features, visit the drawdowns tool.
Volatility
FDRXX vs. BINC - Volatility Comparison
The current volatility for Fidelity Government Cash Reserves (FDRXX) is 0.00%, while BlackRock Flexible Income ETF (BINC) has a volatility of 0.50%. This indicates that FDRXX experiences smaller price fluctuations and is considered to be less risky than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.