FGOVX vs. FXNAX
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Fidelity U.S. Bond Index Fund (FXNAX).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGOVX or FXNAX.
Correlation
The correlation between FGOVX and FXNAX is -0.16. 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
FGOVX vs. FXNAX - Performance Comparison
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Key characteristics
FGOVX:
0.88
FXNAX:
0.92
FGOVX:
1.39
FXNAX:
1.47
FGOVX:
1.16
FXNAX:
1.17
FGOVX:
0.34
FXNAX:
0.42
FGOVX:
2.17
FXNAX:
2.43
FGOVX:
2.34%
FXNAX:
2.16%
FGOVX:
5.45%
FXNAX:
5.32%
FGOVX:
-19.51%
FXNAX:
-18.64%
FGOVX:
-10.00%
FXNAX:
-7.36%
Returns By Period
In the year-to-date period, FGOVX achieves a 2.03% return, which is significantly higher than FXNAX's 1.77% return. Over the past 10 years, FGOVX has underperformed FXNAX with an annualized return of 0.79%, while FXNAX has yielded a comparatively higher 1.48% annualized return.
FGOVX
2.03%
-0.11%
1.28%
4.83%
-1.85%
0.79%
FXNAX
1.77%
0.10%
0.88%
4.94%
-0.89%
1.48%
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FGOVX vs. FXNAX - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FGOVX vs. FXNAX — Risk-Adjusted Performance Rank
FGOVX
FXNAX
FGOVX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) 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.
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Dividends
FGOVX vs. FXNAX - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.51%, more than FXNAX's 3.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | 3.51% | 3.75% | 2.56% | 1.51% | 0.76% | 2.39% | 2.10% | 2.07% | 1.80% | 2.39% | 2.45% | 1.89% |
FXNAX Fidelity U.S. Bond Index Fund | 3.17% | 3.40% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% |
Drawdowns
FGOVX vs. FXNAX - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.51%, roughly equal to the maximum FXNAX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FGOVX and FXNAX. For additional features, visit the drawdowns tool.
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Volatility
FGOVX vs. FXNAX - Volatility Comparison
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