Correlation
The correlation between FGOVX and FXNAX is -0.15. 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.
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.
Performance
FGOVX vs. FXNAX - Performance Comparison
Loading data...
Key characteristics
FGOVX:
1.00
FXNAX:
1.08
FGOVX:
1.32
FXNAX:
1.44
FGOVX:
1.16
FXNAX:
1.17
FGOVX:
0.35
FXNAX:
0.45
FGOVX:
2.02
FXNAX:
2.34
FGOVX:
2.39%
FXNAX:
2.20%
FGOVX:
5.45%
FXNAX:
5.33%
FGOVX:
-19.51%
FXNAX:
-18.64%
FGOVX:
-9.94%
FXNAX:
-7.07%
Returns By Period
The year-to-date returns for both stocks are quite close, with FGOVX having a 2.09% return and FXNAX slightly lower at 2.08%. Over the past 10 years, FGOVX has underperformed FXNAX with an annualized return of 0.81%, while FXNAX has yielded a comparatively higher 1.52% annualized return.
FGOVX
2.09%
-1.30%
0.79%
5.48%
0.55%
-1.87%
0.81%
FXNAX
2.08%
-1.06%
0.71%
5.78%
1.37%
-1.02%
1.52%
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. 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.
Loading data...
Dividends
FGOVX vs. FXNAX - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.80%, more than FXNAX's 3.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | 3.80% | 3.75% | 2.56% | 1.51% | 0.76% | 2.39% | 2.10% | 2.07% | 1.80% | 2.39% | 2.57% | 1.89% |
FXNAX Fidelity U.S. Bond Index Fund | 3.47% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 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.
Loading data...
Volatility
FGOVX vs. FXNAX - Volatility Comparison
Fidelity Government Income Fund (FGOVX) and Fidelity U.S. Bond Index Fund (FXNAX) have volatilities of 1.42% and 1.47%, 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.
Loading data...