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 Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
FGOVX vs. VGLT - Performance Comparison
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FGOVX vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | -0.14% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, FGOVX achieves a -0.13% return, which is significantly higher than VGLT's -0.14% return. Over the past 10 years, FGOVX has outperformed VGLT with an annualized return of 0.81%, while VGLT has yielded a comparatively lower -0.87% 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%
VGLT
- 1D
- -0.05%
- 1M
- -3.18%
- YTD
- -0.14%
- 6M
- -0.79%
- 1Y
- -0.40%
- 3Y*
- -1.59%
- 5Y*
- -4.89%
- 10Y*
- -0.87%
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FGOVX vs. VGLT - Expense Ratio Comparison
FGOVX has a 0.45% expense ratio, which is higher than VGLT's 0.03% expense ratio.
Return for Risk
FGOVX vs. VGLT — Risk / Return Rank
FGOVX
VGLT
FGOVX vs. VGLT - Risk-Adjusted Trends 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.
| FGOVX | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | -0.04 | +0.83 |
Sortino ratioReturn per unit of downside risk | 1.16 | 0.02 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.00 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.04 | +1.33 |
Martin ratioReturn relative to average drawdown | 3.62 | 0.09 | +3.52 |
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 | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | -0.04 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.34 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | -0.06 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.19 | +0.53 |
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.
Dividends
FGOVX vs. VGLT - Dividend Comparison
FGOVX's dividend yield for the trailing twelve months is around 3.13%, less than VGLT's 4.54% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.54% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
FGOVX vs. VGLT - Drawdown Comparison
The maximum FGOVX drawdown since its inception was -19.93%, 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.
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Drawdown Indicators
| FGOVX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -46.18% | +26.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -8.48% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -40.98% | +22.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -46.18% | +26.25% |
Current DrawdownCurrent decline from peak | -7.12% | -36.66% | +29.54% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -14.83% | +10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.86% | -2.78% |
Volatility
FGOVX vs. VGLT - Volatility Comparison
The current volatility for Fidelity Government Income Fund (FGOVX) is 1.50%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.45%. 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.
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Volatility by Period
| FGOVX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 3.45% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 6.00% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 10.32% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 14.59% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 13.84% | -8.81% |