FGOVX vs. VCIT
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Performance
FGOVX vs. VCIT - Performance Comparison
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FGOVX vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | -0.24% | 6.57% | 0.09% | 4.23% | -13.09% | -2.25% | 6.79% | 6.41% | 0.63% | 2.22% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.45% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
Returns By Period
In the year-to-date period, FGOVX achieves a -0.24% return, which is significantly higher than VCIT's -0.45% return. Over the past 10 years, FGOVX has underperformed VCIT with an annualized return of 0.80%, while VCIT has yielded a comparatively higher 3.06% annualized return.
FGOVX
- 1D
- 0.44%
- 1M
- -2.13%
- YTD
- -0.24%
- 6M
- 0.66%
- 1Y
- 3.29%
- 3Y*
- 2.50%
- 5Y*
- -0.46%
- 10Y*
- 0.80%
VCIT
- 1D
- 0.55%
- 1M
- -1.98%
- YTD
- -0.45%
- 6M
- 0.69%
- 1Y
- 6.08%
- 3Y*
- 5.56%
- 5Y*
- 1.42%
- 10Y*
- 3.06%
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FGOVX vs. VCIT - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Return for Risk
FGOVX vs. VCIT — Risk / Return Rank
FGOVX
VCIT
FGOVX vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.26 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.76 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.07 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.07 | 7.31 | -3.24 |
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 | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.26 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.22 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.49 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.75 | -0.04 |
Correlation
The correlation between FGOVX and VCIT is 0.81, 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. VCIT - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.13%, less than VCIT's 4.72% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.72% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Drawdowns
FGOVX vs. VCIT - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.93%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for FGOVX and VCIT.
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Drawdown Indicators
| FGOVX | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -20.56% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.99% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -20.56% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -20.56% | +0.63% |
Current DrawdownCurrent decline from peak | -7.22% | -1.98% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -3.18% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.85% | +0.22% |
Volatility
FGOVX vs. VCIT - Volatility Comparison
The current volatility for Fidelity Government Income Fund (FGOVX) is 1.55%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 2.07%. This indicates that FGOVX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOVX | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.07% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.84% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 4.85% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.60% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 6.27% | -1.24% |