FGOVX vs. VGLT
Compare and contrast key facts about Fidelity Government Income Fund (FGOVX) and Vanguard Long-Term Treasury ETF (VGLT).
FGOVX is managed by Fidelity. It was launched on Apr 4, 1979. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGOVX or VGLT.
Correlation
The correlation between FGOVX and VGLT is 0.89, 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.
Performance
FGOVX vs. VGLT - Performance Comparison
Key characteristics
FGOVX:
0.53
VGLT:
-0.26
FGOVX:
0.79
VGLT:
-0.27
FGOVX:
1.10
VGLT:
0.97
FGOVX:
0.19
VGLT:
-0.08
FGOVX:
1.29
VGLT:
-0.55
FGOVX:
2.29%
VGLT:
5.93%
FGOVX:
5.50%
VGLT:
12.77%
FGOVX:
-19.87%
VGLT:
-46.18%
FGOVX:
-11.13%
VGLT:
-40.07%
Returns By Period
In the year-to-date period, FGOVX achieves a -0.11% return, which is significantly higher than VGLT's -0.47% return. Over the past 10 years, FGOVX has outperformed VGLT with an annualized return of 0.51%, while VGLT has yielded a comparatively lower -1.21% annualized return.
FGOVX
-0.11%
-0.68%
0.72%
2.96%
-0.82%
0.51%
VGLT
-0.47%
-3.16%
-4.07%
-3.09%
-5.67%
-1.21%
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FGOVX vs. VGLT - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than VGLT's 0.04% expense ratio.
Risk-Adjusted Performance
FGOVX vs. VGLT — Risk-Adjusted Performance Rank
FGOVX
VGLT
FGOVX vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 4.87%, more than VGLT's 4.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOVX Fidelity Government Income Fund | 4.87% | 4.86% | 3.21% | 1.94% | 0.75% | 1.11% | 2.09% | 2.41% | 1.80% | 1.64% | 2.45% | 1.89% |
VGLT Vanguard Long-Term Treasury ETF | 4.35% | 4.33% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% |
Drawdowns
FGOVX vs. VGLT - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.87%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FGOVX and VGLT. For additional features, visit the drawdowns tool.
Volatility
FGOVX vs. VGLT - Volatility Comparison
The current volatility for Fidelity Government Income Fund (FGOVX) is 1.46%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.14%. This indicates that FGOVX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.