FGMNX vs. FNBGX
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. FNBGX is managed by Fidelity. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGMNX or FNBGX.
Correlation
The correlation between FGMNX and FNBGX is 0.71, 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
FGMNX vs. FNBGX - Performance Comparison
Key characteristics
FGMNX:
0.12
FNBGX:
-0.45
FGMNX:
0.20
FNBGX:
-0.55
FGMNX:
1.02
FNBGX:
0.94
FGMNX:
0.06
FNBGX:
-0.14
FGMNX:
0.33
FNBGX:
-0.99
FGMNX:
2.06%
FNBGX:
5.95%
FGMNX:
5.86%
FNBGX:
12.94%
FGMNX:
-16.62%
FNBGX:
-47.77%
FGMNX:
-7.48%
FNBGX:
-41.47%
Returns By Period
In the year-to-date period, FGMNX achieves a 0.39% return, which is significantly higher than FNBGX's -5.98% return.
FGMNX
0.39%
-0.89%
0.41%
0.89%
-0.70%
0.67%
FNBGX
-5.98%
-2.43%
-3.53%
-6.62%
-5.83%
N/A
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FGMNX vs. FNBGX - Expense Ratio Comparison
FGMNX has a 0.45% expense ratio, which is higher than FNBGX's 0.03% expense ratio.
Risk-Adjusted Performance
FGMNX vs. FNBGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX). 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
FGMNX vs. FNBGX - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 3.30%, less than FNBGX's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 3.30% | 3.45% | 1.99% | 0.74% | 1.61% | 2.46% | 2.19% | 2.18% | 2.08% | 2.41% | 2.12% | 2.48% |
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.41% | 3.20% | 3.00% | 2.05% | 2.13% | 2.64% | 2.95% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGMNX vs. FNBGX - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.62%, smaller than the maximum FNBGX drawdown of -47.77%. Use the drawdown chart below to compare losses from any high point for FGMNX and FNBGX. For additional features, visit the drawdowns tool.
Volatility
FGMNX vs. FNBGX - Volatility Comparison
The current volatility for Fidelity GNMA Fund (FGMNX) is 1.61%, while Fidelity Long-Term Treasury Bond Index Fund (FNBGX) has a volatility of 3.82%. This indicates that FGMNX experiences smaller price fluctuations and is considered to be less risky than FNBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.