FGMNX vs. FXNAX
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Fidelity U.S. Bond Index Fund (FXNAX).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGMNX or FXNAX.
Correlation
The correlation between FGMNX and FXNAX is 0.85, 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. FXNAX - Performance Comparison
Key characteristics
FGMNX:
0.17
FXNAX:
0.33
FGMNX:
0.27
FXNAX:
0.50
FGMNX:
1.03
FXNAX:
1.06
FGMNX:
0.09
FXNAX:
0.12
FGMNX:
0.48
FXNAX:
0.92
FGMNX:
2.04%
FXNAX:
1.96%
FGMNX:
5.85%
FXNAX:
5.43%
FGMNX:
-16.62%
FXNAX:
-19.64%
FGMNX:
-7.29%
FXNAX:
-10.09%
Returns By Period
In the year-to-date period, FGMNX achieves a 0.59% return, which is significantly lower than FXNAX's 1.61% return. Over the past 10 years, FGMNX has underperformed FXNAX with an annualized return of 0.68%, while FXNAX has yielded a comparatively higher 1.22% annualized return.
FGMNX
0.59%
-0.60%
0.51%
1.59%
-0.66%
0.68%
FXNAX
1.61%
-0.01%
1.31%
2.10%
-0.52%
1.22%
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FGMNX vs. FXNAX - Expense Ratio Comparison
FGMNX has a 0.45% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FGMNX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 3.29%, less than FXNAX's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 3.29% | 3.45% | 1.99% | 0.74% | 1.61% | 2.46% | 2.19% | 2.18% | 2.08% | 2.41% | 2.12% | 2.48% |
FXNAX Fidelity U.S. Bond Index Fund | 3.35% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FGMNX vs. FXNAX - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.62%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FGMNX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FGMNX vs. FXNAX - Volatility Comparison
Fidelity GNMA Fund (FGMNX) has a higher volatility of 1.61% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.49%. This indicates that FGMNX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.