Correlation
The correlation between FGMNX and FTHRX is 0.02, 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.
FGMNX vs. FTHRX
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Fidelity Intermediate Bond Fund (FTHRX).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. FTHRX is managed by Fidelity. It was launched on May 23, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGMNX or FTHRX.
Performance
FGMNX vs. FTHRX - Performance Comparison
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Key characteristics
FGMNX:
1.09
FTHRX:
1.85
FGMNX:
1.48
FTHRX:
2.66
FGMNX:
1.17
FTHRX:
1.33
FGMNX:
0.60
FTHRX:
1.19
FGMNX:
2.43
FTHRX:
5.45
FGMNX:
2.21%
FTHRX:
1.12%
FGMNX:
5.48%
FTHRX:
3.57%
FGMNX:
-16.43%
FTHRX:
-12.77%
FGMNX:
-4.33%
FTHRX:
-0.58%
Returns By Period
In the year-to-date period, FGMNX achieves a 2.22% return, which is significantly lower than FTHRX's 2.67% return. Over the past 10 years, FGMNX has underperformed FTHRX with an annualized return of 0.97%, while FTHRX has yielded a comparatively higher 2.02% annualized return.
FGMNX
2.22%
-0.79%
0.94%
5.37%
1.15%
-0.77%
0.97%
FTHRX
2.67%
-0.29%
2.19%
6.08%
2.85%
0.81%
2.02%
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FGMNX vs. FTHRX - Expense Ratio Comparison
Both FGMNX and FTHRX have an expense ratio of 0.45%.
Risk-Adjusted Performance
FGMNX vs. FTHRX — Risk-Adjusted Performance Rank
FGMNX
FTHRX
FGMNX vs. FTHRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
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Dividends
FGMNX vs. FTHRX - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 3.55%, more than FTHRX's 3.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 3.55% | 3.83% | 3.45% | 1.99% | 0.97% | 1.61% | 2.46% | 2.19% | 2.18% | 2.44% | 2.41% | 2.12% |
FTHRX Fidelity Intermediate Bond Fund | 3.21% | 3.49% | 2.94% | 2.04% | 1.81% | 4.31% | 2.50% | 2.47% | 2.20% | 2.21% | 2.58% | 2.35% |
Drawdowns
FGMNX vs. FTHRX - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.43%, which is greater than FTHRX's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for FGMNX and FTHRX.
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Volatility
FGMNX vs. FTHRX - Volatility Comparison
Fidelity GNMA Fund (FGMNX) has a higher volatility of 1.61% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.97%. This indicates that FGMNX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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