FHNFX vs. FUMBX
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Performance
FHNFX vs. FUMBX - Performance Comparison
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FHNFX vs. FUMBX - 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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.10% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.41% |
Returns By Period
In the year-to-date period, FHNFX achieves a -0.27% return, which is significantly lower than FUMBX's -0.10% return.
FHNFX
- 1D
- 0.00%
- 1M
- -1.61%
- YTD
- -0.27%
- 6M
- 0.24%
- 1Y
- 2.91%
- 3Y*
- 2.96%
- 5Y*
- -0.04%
- 10Y*
- —
FUMBX
- 1D
- 0.10%
- 1M
- -0.77%
- YTD
- -0.10%
- 6M
- 0.85%
- 1Y
- 3.55%
- 3Y*
- 3.80%
- 5Y*
- 1.31%
- 10Y*
- —
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FHNFX vs. FUMBX - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than FUMBX's 0.03% 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. FUMBX — Risk / Return Rank
FHNFX
FUMBX
FHNFX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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 | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.55 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.15 | 2.43 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.52 | -0.92 |
Martin ratioReturn relative to average drawdown | 4.29 | 8.74 | -4.45 |
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 | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.55 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.45 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.73 | -0.45 |
Correlation
The correlation between FHNFX and FUMBX is 0.83, 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
FHNFX vs. FUMBX - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.76%, more than FUMBX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.41% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% |
Drawdowns
FHNFX vs. FUMBX - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.42%, which is greater than FUMBX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FHNFX and FUMBX.
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Drawdown Indicators
| FHNFX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -8.83% | -10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.54% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -8.60% | -8.11% |
Current DrawdownCurrent decline from peak | -6.28% | -1.06% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -1.88% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.44% | +0.52% |
Volatility
FHNFX vs. FUMBX - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) has a higher volatility of 1.37% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.74%. This indicates that FHNFX's price experiences larger fluctuations and is considered to be riskier than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHNFX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.74% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.37% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 2.32% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 2.89% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 2.49% | +2.97% |