FGOVX vs. AGZ
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and iShares Agency Bond ETF (AGZ).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGOVX or AGZ.
Correlation
The correlation between FGOVX and AGZ is 0.74, 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
FGOVX vs. AGZ - Performance Comparison
Key characteristics
FGOVX:
0.10
AGZ:
1.09
FGOVX:
0.17
AGZ:
1.60
FGOVX:
1.02
AGZ:
1.20
FGOVX:
0.03
AGZ:
0.61
FGOVX:
0.25
AGZ:
4.22
FGOVX:
2.14%
AGZ:
0.79%
FGOVX:
5.62%
AGZ:
3.04%
FGOVX:
-20.53%
AGZ:
-11.01%
FGOVX:
-13.37%
AGZ:
-1.87%
Returns By Period
In the year-to-date period, FGOVX achieves a 0.33% return, which is significantly lower than AGZ's 2.88% return. Over the past 10 years, FGOVX has underperformed AGZ with an annualized return of 0.37%, while AGZ has yielded a comparatively higher 1.55% annualized return.
FGOVX
0.33%
-0.61%
0.24%
0.86%
-1.20%
0.37%
AGZ
2.88%
0.02%
1.76%
3.31%
0.90%
1.55%
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FGOVX vs. AGZ - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than AGZ's 0.20% expense ratio.
Risk-Adjusted Performance
FGOVX vs. AGZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and iShares Agency Bond ETF (AGZ). 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
FGOVX vs. AGZ - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.32%, less than AGZ's 3.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | 3.32% | 2.57% | 1.52% | 0.75% | 1.11% | 2.09% | 2.07% | 1.80% | 1.64% | 2.45% | 1.89% | 1.47% |
AGZ iShares Agency Bond ETF | 3.49% | 3.14% | 1.57% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% | 1.19% |
Drawdowns
FGOVX vs. AGZ - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -20.53%, which is greater than AGZ's maximum drawdown of -11.01%. Use the drawdown chart below to compare losses from any high point for FGOVX and AGZ. For additional features, visit the drawdowns tool.
Volatility
FGOVX vs. AGZ - Volatility Comparison
Fidelity Government Income Fund (FGOVX) has a higher volatility of 1.75% compared to iShares Agency Bond ETF (AGZ) at 0.90%. This indicates that FGOVX's price experiences larger fluctuations and is considered to be riskier than AGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.