FGMNX vs. VOO
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Vanguard S&P 500 ETF (VOO).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGMNX or VOO.
Correlation
The correlation between FGMNX and VOO is -0.07. 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
FGMNX vs. VOO - Performance Comparison
Key characteristics
FGMNX:
0.12
VOO:
2.04
FGMNX:
0.20
VOO:
2.72
FGMNX:
1.02
VOO:
1.38
FGMNX:
0.06
VOO:
3.02
FGMNX:
0.33
VOO:
13.60
FGMNX:
2.06%
VOO:
1.88%
FGMNX:
5.86%
VOO:
12.52%
FGMNX:
-16.62%
VOO:
-33.99%
FGMNX:
-7.48%
VOO:
-3.52%
Returns By Period
In the year-to-date period, FGMNX achieves a 0.39% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, FGMNX has underperformed VOO with an annualized return of 0.67%, while VOO has yielded a comparatively higher 13.02% annualized return.
FGMNX
0.39%
-0.89%
0.41%
0.89%
-0.70%
0.67%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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FGMNX vs. VOO - Expense Ratio Comparison
FGMNX has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FGMNX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 3.30%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 0.92% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FGMNX vs. VOO - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.62%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FGMNX and VOO. For additional features, visit the drawdowns tool.
Volatility
FGMNX vs. VOO - Volatility Comparison
The current volatility for Fidelity GNMA Fund (FGMNX) is 1.61%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.56%. This indicates that FGMNX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.