FFXSX vs. GUSTX
Compare and contrast key facts about Fidelity Limited Term Government Fund (FFXSX) and GMO U.S. Treasury Fund (GUSTX).
FFXSX is managed by Fidelity. It was launched on Nov 10, 1986. GUSTX is managed by GMO. It was launched on Mar 16, 2009.
Performance
FFXSX vs. GUSTX - Performance Comparison
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FFXSX vs. GUSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFXSX Fidelity Limited Term Government Fund | -0.11% | 5.65% | 3.11% | 4.13% | -6.37% | -1.54% | 3.86% | 3.77% | 1.16% | 0.56% |
GUSTX GMO U.S. Treasury Fund | 0.51% | 4.45% | 2.21% | 2.52% | -0.73% | -0.06% | 0.89% | 0.14% | -79.59% | 0.43% |
Returns By Period
In the year-to-date period, FFXSX achieves a -0.11% return, which is significantly lower than GUSTX's 0.51% return. Over the past 10 years, FFXSX has outperformed GUSTX with an annualized return of 1.29%, while GUSTX has yielded a comparatively lower -13.82% annualized return.
FFXSX
- 1D
- 0.10%
- 1M
- -0.82%
- YTD
- -0.11%
- 6M
- 0.81%
- 1Y
- 3.40%
- 3Y*
- 3.62%
- 5Y*
- 1.07%
- 10Y*
- 1.29%
GUSTX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.51%
- 6M
- 1.51%
- 1Y
- 3.69%
- 3Y*
- 3.15%
- 5Y*
- 1.76%
- 10Y*
- -13.82%
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FFXSX vs. GUSTX - Expense Ratio Comparison
FFXSX has a 0.45% expense ratio, which is higher than GUSTX's 0.01% expense ratio.
Return for Risk
FFXSX vs. GUSTX — Risk / Return Rank
FFXSX
GUSTX
FFXSX vs. GUSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Government Fund (FFXSX) and GMO U.S. Treasury Fund (GUSTX). 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.
| FFXSX | GUSTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 3.18 | -1.68 |
Sortino ratioReturn per unit of downside risk | 2.40 | 10.74 | -8.34 |
Omega ratioGain probability vs. loss probability | 1.30 | 7.08 | -5.78 |
Calmar ratioReturn relative to maximum drawdown | 2.65 | 20.50 | -17.84 |
Martin ratioReturn relative to average drawdown | 8.97 | 58.55 | -49.58 |
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
| FFXSX | GUSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 3.18 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 1.03 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | -0.55 | +1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.56 | -0.44 | +2.01 |
Correlation
The correlation between FFXSX and GUSTX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FFXSX vs. GUSTX - Dividend Comparison
FFXSX's dividend yield for the trailing twelve months is around 3.04%, less than GUSTX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFXSX Fidelity Limited Term Government Fund | 3.04% | 3.30% | 2.96% | 2.21% | 0.72% | 0.42% | 1.23% | 1.88% | 1.35% | 1.18% | 1.20% | 0.85% |
GUSTX GMO U.S. Treasury Fund | 3.62% | 4.15% | 1.98% | 2.28% | 0.26% | 0.14% | 0.09% | 0.14% | 8.96% | 0.50% | 0.05% | 0.04% |
Drawdowns
FFXSX vs. GUSTX - Drawdown Comparison
The maximum FFXSX drawdown since its inception was -9.78%, smaller than the maximum GUSTX drawdown of -79.98%. Use the drawdown chart below to compare losses from any high point for FFXSX and GUSTX.
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Drawdown Indicators
| FFXSX | GUSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.78% | -79.98% | +70.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -0.20% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -9.20% | -1.19% | -8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -9.78% | -79.98% | +70.20% |
Current DrawdownCurrent decline from peak | -1.02% | -77.89% | +76.87% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -35.61% | +34.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.07% | +0.35% |
Volatility
FFXSX vs. GUSTX - Volatility Comparison
Fidelity Limited Term Government Fund (FFXSX) has a higher volatility of 0.74% compared to GMO U.S. Treasury Fund (GUSTX) at 0.29%. This indicates that FFXSX's price experiences larger fluctuations and is considered to be riskier than GUSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFXSX | GUSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.29% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 0.83% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 1.27% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 1.73% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.43% | 25.44% | -23.01% |