Correlation
The correlation between FHNFX and FXNAX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FHNFX vs. FXNAX
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Fidelity U.S. Bond Index Fund (FXNAX).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHNFX or FXNAX.
Performance
FHNFX vs. FXNAX - Performance Comparison
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Key characteristics
FHNFX:
1.06
FXNAX:
1.12
FHNFX:
1.48
FXNAX:
1.55
FHNFX:
1.17
FXNAX:
1.18
FHNFX:
0.37
FXNAX:
0.48
FHNFX:
2.27
FXNAX:
2.53
FHNFX:
2.29%
FXNAX:
2.20%
FHNFX:
5.20%
FXNAX:
5.35%
FHNFX:
-18.64%
FXNAX:
-18.64%
FHNFX:
-10.00%
FXNAX:
-7.25%
Returns By Period
In the year-to-date period, FHNFX achieves a 2.01% return, which is significantly higher than FXNAX's 1.88% return.
FHNFX
2.01%
-1.22%
1.05%
5.55%
0.54%
-1.81%
N/A
FXNAX
1.88%
-0.95%
0.80%
5.99%
1.18%
-1.06%
1.46%
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FHNFX vs. FXNAX - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than FXNAX'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%.
Risk-Adjusted Performance
FHNFX vs. FXNAX — Risk-Adjusted Performance Rank
FHNFX
FXNAX
FHNFX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
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Dividends
FHNFX vs. FXNAX - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.53%, more than FXNAX's 3.47% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.53% | 3.39% | 2.76% | 1.74% | 1.07% | 3.17% | 2.63% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.47% | 3.40% | 2.92% | 2.41% | 2.06% | 3.08% | 2.69% | 2.74% | 2.58% | 2.54% | 2.75% | 2.59% |
Drawdowns
FHNFX vs. FXNAX - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -18.64%, roughly equal to the maximum FXNAX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FHNFX and FXNAX.
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Volatility
FHNFX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.38%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.50%. This indicates that FHNFX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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