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FGOVX vs. VIPIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FGOVX and VIPIX is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

FGOVX vs. VIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Government Income Fund (FGOVX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FGOVX:

0.86

VIPIX:

1.20

Sortino Ratio

FGOVX:

1.36

VIPIX:

1.74

Omega Ratio

FGOVX:

1.16

VIPIX:

1.22

Calmar Ratio

FGOVX:

0.33

VIPIX:

0.59

Martin Ratio

FGOVX:

2.12

VIPIX:

3.58

Ulcer Index

FGOVX:

2.34%

VIPIX:

1.64%

Daily Std Dev

FGOVX:

5.44%

VIPIX:

4.76%

Max Drawdown

FGOVX:

-19.51%

VIPIX:

-15.04%

Current Drawdown

FGOVX:

-10.10%

VIPIX:

-4.50%

Returns By Period

In the year-to-date period, FGOVX achieves a 1.92% return, which is significantly lower than VIPIX's 3.22% return. Over the past 10 years, FGOVX has underperformed VIPIX with an annualized return of 0.79%, while VIPIX has yielded a comparatively higher 2.47% annualized return.


FGOVX

YTD

1.92%

1M

0.22%

6M

1.17%

1Y

4.94%

5Y*

-1.82%

10Y*

0.79%

VIPIX

YTD

3.22%

1M

1.40%

6M

1.69%

1Y

5.76%

5Y*

1.62%

10Y*

2.47%

*Annualized

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FGOVX vs. VIPIX - Expense Ratio Comparison

FGOVX has a 0.45% expense ratio, which is higher than VIPIX's 0.07% expense ratio.


Risk-Adjusted Performance

FGOVX vs. VIPIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGOVX
The Risk-Adjusted Performance Rank of FGOVX is 6969
Overall Rank
The Sharpe Ratio Rank of FGOVX is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of FGOVX is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FGOVX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of FGOVX is 5151
Calmar Ratio Rank
The Martin Ratio Rank of FGOVX is 6363
Martin Ratio Rank

VIPIX
The Risk-Adjusted Performance Rank of VIPIX is 8282
Overall Rank
The Sharpe Ratio Rank of VIPIX is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of VIPIX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of VIPIX is 8484
Omega Ratio Rank
The Calmar Ratio Rank of VIPIX is 7373
Calmar Ratio Rank
The Martin Ratio Rank of VIPIX is 8080
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FGOVX vs. VIPIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Income Fund (FGOVX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX). 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.


The current FGOVX Sharpe Ratio is 0.86, which is comparable to the VIPIX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of FGOVX and VIPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FGOVX vs. VIPIX - Dividend Comparison

FGOVX's dividend yield for the trailing twelve months is around 3.51%, less than VIPIX's 4.20% yield.


TTM20242023202220212020201920182017201620152014
FGOVX
Fidelity Government Income Fund
3.51%3.75%2.57%1.52%0.75%1.11%2.09%2.07%1.80%1.64%2.45%1.89%
VIPIX
Vanguard Inflation-Protected Securities Fund Institutional Shares
4.20%4.20%4.34%8.49%5.16%1.41%2.32%3.16%2.45%3.50%0.91%2.39%

Drawdowns

FGOVX vs. VIPIX - Drawdown Comparison

The maximum FGOVX drawdown since its inception was -19.51%, which is greater than VIPIX's maximum drawdown of -15.04%. Use the drawdown chart below to compare losses from any high point for FGOVX and VIPIX. For additional features, visit the drawdowns tool.


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Volatility

FGOVX vs. VIPIX - Volatility Comparison

The current volatility for Fidelity Government Income Fund (FGOVX) is 1.54%, while Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) has a volatility of 1.89%. This indicates that FGOVX experiences smaller price fluctuations and is considered to be less risky than VIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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