FGOVX vs. FZROX
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Fidelity ZERO Total Market Index Fund (FZROX).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGOVX or FZROX.
Correlation
The correlation between FGOVX and FZROX is -0.06. 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. FZROX - Performance Comparison
Key characteristics
FGOVX:
0.10
FZROX:
1.91
FGOVX:
0.17
FZROX:
2.56
FGOVX:
1.02
FZROX:
1.35
FGOVX:
0.03
FZROX:
2.89
FGOVX:
0.25
FZROX:
12.43
FGOVX:
2.14%
FZROX:
1.99%
FGOVX:
5.62%
FZROX:
12.95%
FGOVX:
-20.53%
FZROX:
-34.96%
FGOVX:
-13.37%
FZROX:
-4.02%
Returns By Period
In the year-to-date period, FGOVX achieves a 0.33% return, which is significantly lower than FZROX's 23.76% return.
FGOVX
0.33%
-0.61%
0.24%
0.86%
-1.20%
0.37%
FZROX
23.76%
-0.40%
8.48%
23.86%
13.98%
N/A
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FGOVX vs. FZROX - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FGOVX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Fidelity ZERO Total Market Index Fund (FZROX). 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. FZROX - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.32%, more than FZROX's 1.18% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.18% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGOVX vs. FZROX - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -20.53%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FGOVX and FZROX. For additional features, visit the drawdowns tool.
Volatility
FGOVX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Government Income Fund (FGOVX) is 1.75%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.85%. This indicates that FGOVX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.