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FFXSX vs. FDRXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FFXSX and FDRXX 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

FFXSX vs. FDRXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Government Fund (FFXSX) and Fidelity Government Cash Reserves (FDRXX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FFXSX:

2.19

FDRXX:

3.59

Ulcer Index

FFXSX:

0.77%

FDRXX:

0.00%

Daily Std Dev

FFXSX:

2.64%

FDRXX:

1.28%

Max Drawdown

FFXSX:

-9.41%

FDRXX:

0.00%

Current Drawdown

FFXSX:

-0.62%

FDRXX:

0.00%

Returns By Period

In the year-to-date period, FFXSX achieves a 2.32% return, which is significantly higher than FDRXX's 1.34% return. Over the past 10 years, FFXSX has underperformed FDRXX with an annualized return of 1.12%, while FDRXX has yielded a comparatively higher 1.36% annualized return.


FFXSX

YTD

2.32%

1M

-0.10%

6M

2.22%

1Y

5.34%

3Y*

2.23%

5Y*

0.26%

10Y*

1.12%

FDRXX

YTD

1.34%

1M

0.00%

6M

2.07%

1Y

4.19%

3Y*

4.14%

5Y*

2.48%

10Y*

1.36%

*Annualized

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Fidelity Government Cash Reserves

FFXSX vs. FDRXX - Expense Ratio Comparison

FFXSX has a 0.45% expense ratio, which is higher than FDRXX's 0.38% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FFXSX vs. FDRXX — Risk-Adjusted Performance Rank

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

FFXSX
The Risk-Adjusted Performance Rank of FFXSX is 9090
Overall Rank
The Sharpe Ratio Rank of FFXSX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of FFXSX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of FFXSX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of FFXSX is 8686
Calmar Ratio Rank
The Martin Ratio Rank of FFXSX is 8989
Martin Ratio Rank

FDRXX
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FFXSX vs. FDRXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Government Fund (FFXSX) and Fidelity Government Cash Reserves (FDRXX). 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.


The current FFXSX Sharpe Ratio is 2.19, which is lower than the FDRXX Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of FFXSX and FDRXX, 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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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FFXSX vs. FDRXX - Dividend Comparison

FFXSX's dividend yield for the trailing twelve months is around 2.69%, less than FDRXX's 4.09% yield.


TTM20242023202220212020201920182017201620152014
FFXSX
Fidelity Limited Term Government Fund
2.69%2.69%2.21%0.99%0.49%1.28%1.86%1.34%1.18%1.20%0.85%0.99%
FDRXX
Fidelity Government Cash Reserves
4.09%4.84%4.69%1.33%0.01%0.28%1.01%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FFXSX vs. FDRXX - Drawdown Comparison

The maximum FFXSX drawdown since its inception was -9.41%, which is greater than FDRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FFXSX and FDRXX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FFXSX vs. FDRXX - Volatility Comparison

Fidelity Limited Term Government Fund (FFXSX) has a higher volatility of 0.75% compared to Fidelity Government Cash Reserves (FDRXX) at 0.00%. This indicates that FFXSX's price experiences larger fluctuations and is considered to be riskier than FDRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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