FGOVX vs. GOVI
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Invesco Equal Weight 0-30 Years Treasury ETF (GOVI).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. GOVI is a passively managed fund by Invesco that tracks the performance of the ICE BofA Laddered Maturity US Treasury (1-30 Y). It was launched on Oct 11, 2007.
Performance
FGOVX vs. GOVI - Performance Comparison
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FGOVX vs. GOVI - 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% | 2.22% |
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | -0.26% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
Returns By Period
In the year-to-date period, FGOVX achieves a -0.13% return, which is significantly higher than GOVI's -0.26% return. Over the past 10 years, FGOVX has outperformed GOVI with an annualized return of 0.81%, while GOVI has yielded a comparatively lower 0.08% annualized 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%
GOVI
- 1D
- -0.20%
- 1M
- -2.46%
- YTD
- -0.26%
- 6M
- -0.32%
- 1Y
- 1.09%
- 3Y*
- 0.32%
- 5Y*
- -2.44%
- 10Y*
- 0.08%
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FGOVX vs. GOVI - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than GOVI's 0.15% expense ratio.
Return for Risk
FGOVX vs. GOVI — Risk / Return Rank
FGOVX
GOVI
FGOVX vs. GOVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Invesco Equal Weight 0-30 Years Treasury ETF (GOVI). 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 | GOVI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.15 | +0.65 |
Sortino ratioReturn per unit of downside risk | 1.16 | 0.25 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.28 | +1.09 |
Martin ratioReturn relative to average drawdown | 3.62 | 0.65 | +2.97 |
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 | GOVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.15 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.25 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.01 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.32 | +0.40 |
Correlation
The correlation between FGOVX and GOVI is 0.90, 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. GOVI - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.13%, less than GOVI's 3.82% 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% |
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.82% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
Drawdowns
FGOVX vs. GOVI - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.93%, smaller than the maximum GOVI drawdown of -32.70%. Use the drawdown chart below to compare losses from any high point for FGOVX and GOVI.
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Drawdown Indicators
| FGOVX | GOVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -32.70% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -5.83% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -28.30% | +10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -32.70% | +12.77% |
Current DrawdownCurrent decline from peak | -7.12% | -22.15% | +15.03% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -9.53% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.52% | -1.44% |
Volatility
FGOVX vs. GOVI - Volatility Comparison
The current volatility for Fidelity Government Income Fund (FGOVX) is 1.50%, while Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a volatility of 2.69%. This indicates that FGOVX experiences smaller price fluctuations and is considered to be less risky than GOVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOVX | GOVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 2.69% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 4.43% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 7.51% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 9.85% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 9.10% | -4.07% |