FGOVX vs. FVIIX
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Fidelity Advisor Government Income Fund Class I (FVIIX).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. FVIIX is managed by Fidelity. It was launched on Oct 24, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGOVX or FVIIX.
Correlation
The correlation between FGOVX and FVIIX is 0.96, 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. FVIIX - Performance Comparison
Key characteristics
FGOVX:
0.10
FVIIX:
0.04
FGOVX:
0.17
FVIIX:
0.10
FGOVX:
1.02
FVIIX:
1.01
FGOVX:
0.03
FVIIX:
0.01
FGOVX:
0.25
FVIIX:
0.11
FGOVX:
2.14%
FVIIX:
2.16%
FGOVX:
5.62%
FVIIX:
5.66%
FGOVX:
-20.53%
FVIIX:
-20.61%
FGOVX:
-13.37%
FVIIX:
-13.73%
Returns By Period
In the year-to-date period, FGOVX achieves a 0.33% return, which is significantly higher than FVIIX's 0.02% return. Over the past 10 years, FGOVX has outperformed FVIIX with an annualized return of 0.37%, while FVIIX has yielded a comparatively lower 0.30% annualized return.
FGOVX
0.33%
-0.61%
0.24%
0.86%
-1.20%
0.37%
FVIIX
0.02%
-0.88%
-0.05%
0.55%
-1.29%
0.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGOVX vs. FVIIX - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is lower than FVIIX's 0.49% expense ratio.
Risk-Adjusted Performance
FGOVX vs. FVIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Fidelity Advisor Government Income Fund Class I (FVIIX). 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. FVIIX - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.32%, more than FVIIX's 3.01% 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% |
FVIIX Fidelity Advisor Government Income Fund Class I | 3.01% | 2.51% | 1.57% | 0.73% | 1.06% | 2.07% | 2.03% | 1.76% | 1.59% | 2.37% | 1.84% | 1.42% |
Drawdowns
FGOVX vs. FVIIX - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -20.53%, roughly equal to the maximum FVIIX drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for FGOVX and FVIIX. For additional features, visit the drawdowns tool.
Volatility
FGOVX vs. FVIIX - Volatility Comparison
Fidelity Government Income Fund (FGOVX) and Fidelity Advisor Government Income Fund Class I (FVIIX) have volatilities of 1.75% and 1.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.