FGOVX vs. VFITX
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. VFITX is managed by Vanguard. It was launched on Oct 28, 1991.
Performance
FGOVX vs. VFITX - Performance Comparison
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FGOVX vs. VFITX - 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% |
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | -0.48% | 7.54% | 1.39% | 4.08% | -10.43% | -2.38% | 8.20% | 6.29% | 1.01% | 1.57% |
Returns By Period
In the year-to-date period, FGOVX achieves a -0.13% return, which is significantly higher than VFITX's -0.48% return. Over the past 10 years, FGOVX has underperformed VFITX with an annualized return of 0.81%, while VFITX has yielded a comparatively higher 1.33% 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%
VFITX
- 1D
- 0.10%
- 1M
- -1.68%
- YTD
- -0.48%
- 6M
- 0.38%
- 1Y
- 3.52%
- 3Y*
- 3.18%
- 5Y*
- 0.27%
- 10Y*
- 1.33%
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FGOVX vs. VFITX - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than VFITX's 0.20% expense ratio.
Return for Risk
FGOVX vs. VFITX — Risk / Return Rank
FGOVX
VFITX
FGOVX vs. VFITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX). 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 | VFITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.88 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.33 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.51 | -0.14 |
Martin ratioReturn relative to average drawdown | 3.62 | 4.59 | -0.97 |
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 | VFITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.88 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.05 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.29 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.92 | -0.21 |
Correlation
The correlation between FGOVX and VFITX is 0.94, 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. VFITX - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.13%, less than VFITX's 3.58% 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% |
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | 3.58% | 3.90% | 4.05% | 3.45% | 1.97% | 0.99% | 4.84% | 2.30% | 2.34% | 1.75% | 2.77% | 2.50% |
Drawdowns
FGOVX vs. VFITX - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.93%, which is greater than VFITX's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for FGOVX and VFITX.
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Drawdown Indicators
| FGOVX | VFITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -15.58% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.85% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -14.98% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -15.58% | -4.35% |
Current DrawdownCurrent decline from peak | -7.12% | -2.16% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -2.65% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.94% | +0.14% |
Volatility
FGOVX vs. VFITX - Volatility Comparison
Fidelity Government Income Fund (FGOVX) and Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) have volatilities of 1.50% and 1.44%, 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.
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Volatility by Period
| FGOVX | VFITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.44% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.56% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 4.29% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 5.59% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 4.65% | +0.38% |