FHNFX vs. BNDW
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Total World Bond ETF (BNDW).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays Global Aggregate Float Adjusted TR Index. It was launched on Sep 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHNFX or BNDW.
Correlation
The correlation between FHNFX and BNDW 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
FHNFX vs. BNDW - Performance Comparison
Key characteristics
FHNFX:
0.80
BNDW:
1.12
FHNFX:
1.19
BNDW:
1.63
FHNFX:
1.14
BNDW:
1.19
FHNFX:
0.24
BNDW:
0.44
FHNFX:
1.83
BNDW:
3.91
FHNFX:
2.21%
BNDW:
1.21%
FHNFX:
5.04%
BNDW:
4.24%
FHNFX:
-19.87%
BNDW:
-17.22%
FHNFX:
-12.26%
BNDW:
-5.81%
Returns By Period
In the year-to-date period, FHNFX achieves a 0.76% return, which is significantly higher than BNDW's 0.60% return.
FHNFX
0.76%
0.64%
-1.17%
4.04%
-1.26%
N/A
BNDW
0.60%
0.51%
0.25%
4.96%
-0.47%
N/A
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FHNFX vs. BNDW - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than BNDW's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHNFX vs. BNDW — Risk-Adjusted Performance Rank
FHNFX
BNDW
FHNFX vs. BNDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Total World Bond ETF (BNDW). 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
FHNFX vs. BNDW - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.65%, less than BNDW's 3.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.65% | 3.62% | 2.76% | 1.74% | 1.07% | 1.62% | 2.33% | 1.02% |
BNDW Vanguard Total World Bond ETF | 3.93% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% |
Drawdowns
FHNFX vs. BNDW - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.87%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for FHNFX and BNDW. For additional features, visit the drawdowns tool.
Volatility
FHNFX vs. BNDW - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) has a higher volatility of 1.25% compared to Vanguard Total World Bond ETF (BNDW) at 1.06%. This indicates that FHNFX's price experiences larger fluctuations and is considered to be riskier than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.