FHNFX vs. FSKAX
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Fidelity Total Market Index Fund (FSKAX).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. FSKAX is managed by Fidelity.
Performance
FHNFX vs. FSKAX - Performance Comparison
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FHNFX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | -0.27% | 7.52% | 1.03% | 4.03% | -12.72% | -2.54% | 7.50% | 6.82% | 1.65% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -14.25% |
Returns By Period
In the year-to-date period, FHNFX achieves a -0.27% return, which is significantly higher than FSKAX's -6.77% return.
FHNFX
- 1D
- 0.55%
- 1M
- -2.04%
- YTD
- -0.27%
- 6M
- 0.46%
- 1Y
- 3.24%
- 3Y*
- 2.96%
- 5Y*
- 0.03%
- 10Y*
- —
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FHNFX vs. FSKAX - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than FSKAX's 0.02% 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%.
Return for Risk
FHNFX vs. FSKAX — Risk / Return Rank
FHNFX
FSKAX
FHNFX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FHNFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.83 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.29 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.04 | +0.78 |
Martin ratioReturn relative to average drawdown | 4.93 | 5.05 | -0.12 |
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
| FHNFX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.83 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.59 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.78 | -0.50 |
Correlation
The correlation between FHNFX and FSKAX is -0.07. 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.
Dividends
FHNFX vs. FSKAX - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.76%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.76% | 4.91% | 3.69% | 2.50% | 1.30% | 0.86% | 2.69% | 2.78% | 1.02% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FHNFX vs. FSKAX - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.42%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FHNFX and FSKAX.
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Drawdown Indicators
| FHNFX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -35.01% | +15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -12.42% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -25.39% | +8.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -6.28% | -8.92% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -4.05% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.57% | -1.62% |
Volatility
FHNFX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.41%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FHNFX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHNFX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 4.42% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 9.40% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 18.50% | -14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 17.38% | -11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 18.42% | -12.96% |