FGOVX vs. VGIT
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Vanguard Intermediate-Term Treasury ETF (VGIT).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Performance
FGOVX vs. VGIT - Performance Comparison
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FGOVX vs. VGIT - 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.03% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Returns By Period
In the year-to-date period, FGOVX achieves a -0.24% return, which is significantly lower than VGIT's -0.03% return. Over the past 10 years, FGOVX has underperformed VGIT with an annualized return of 0.80%, while VGIT has yielded a comparatively higher 1.32% 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%
VGIT
- 1D
- 0.20%
- 1M
- -1.66%
- YTD
- -0.03%
- 6M
- 1.07%
- 1Y
- 4.13%
- 3Y*
- 3.29%
- 5Y*
- 0.32%
- 10Y*
- 1.32%
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FGOVX vs. VGIT - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than VGIT's 0.04% expense ratio.
Return for Risk
FGOVX vs. VGIT — Risk / Return Rank
FGOVX
VGIT
FGOVX vs. VGIT - 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 ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.09 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.63 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.78 | -0.25 |
Martin ratioReturn relative to average drawdown | 4.07 | 5.53 | -1.46 |
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 | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.09 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.06 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.29 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.50 | +0.21 |
Correlation
The correlation between FGOVX and VGIT is 0.91, 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. VGIT - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.13%, less than VGIT's 3.81% 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.81% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Drawdowns
FGOVX vs. VGIT - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.93%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for FGOVX and VGIT.
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Drawdown Indicators
| FGOVX | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -16.05% | -3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.42% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -15.02% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -16.05% | -3.88% |
Current DrawdownCurrent decline from peak | -7.22% | -1.97% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -3.54% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.78% | +0.29% |
Volatility
FGOVX vs. VGIT - Volatility Comparison
Fidelity Government Income Fund (FGOVX) has a higher volatility of 1.55% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.33%. This indicates that FGOVX's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOVX | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.33% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.28% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 3.81% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 5.36% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 4.50% | +0.53% |