FGOVX vs. FUMBX
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Performance
FGOVX vs. FUMBX - Performance Comparison
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FGOVX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | -0.13% | 6.57% | 0.09% | 4.23% | -13.09% | -2.25% | 6.79% | 6.41% | 0.63% | 0.08% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.10% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.47% | -0.33% |
Returns By Period
In the year-to-date period, FGOVX achieves a -0.13% return, which is significantly lower than FUMBX's -0.10% return.
FGOVX
- 1D
- 0.11%
- 1M
- -1.50%
- YTD
- -0.13%
- 6M
- 0.55%
- 1Y
- 3.06%
- 3Y*
- 2.54%
- 5Y*
- -0.49%
- 10Y*
- 0.81%
FUMBX
- 1D
- 0.10%
- 1M
- -0.77%
- YTD
- -0.10%
- 6M
- 0.85%
- 1Y
- 3.55%
- 3Y*
- 3.80%
- 5Y*
- 1.31%
- 10Y*
- —
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FGOVX vs. FUMBX - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Return for Risk
FGOVX vs. FUMBX — Risk / Return Rank
FGOVX
FUMBX
FGOVX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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.
| FGOVX | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.55 | -0.76 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.43 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.52 | -1.15 |
Martin ratioReturn relative to average drawdown | 3.62 | 8.74 | -5.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGOVX | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.55 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.45 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.73 | -0.01 |
Correlation
The correlation between FGOVX and FUMBX is 0.83, 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.
Dividends
FGOVX vs. FUMBX - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.13%, less than FUMBX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | 3.13% | 3.37% | 3.20% | 2.57% | 1.13% | 0.60% | 2.39% | 2.10% | 2.08% | 1.81% | 2.69% | 2.25% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.41% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% | 0.00% | 0.00% |
Drawdowns
FGOVX vs. FUMBX - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.93%, which is greater than FUMBX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FGOVX and FUMBX.
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Drawdown Indicators
| FGOVX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -8.83% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -1.54% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -8.60% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | — | — |
Current DrawdownCurrent decline from peak | -7.12% | -1.06% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -1.88% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.44% | +0.64% |
Volatility
FGOVX vs. FUMBX - Volatility Comparison
Fidelity Government Income Fund (FGOVX) has a higher volatility of 1.50% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.74%. This indicates that FGOVX's price experiences larger fluctuations and is considered to be riskier than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOVX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 0.74% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 1.37% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 2.32% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 2.89% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 2.49% | +2.54% |