FHNFX vs. GOVT

In the year-to-date period, FHNFX achieves a 2.23% return, which is significantly higher than GOVT's 0.19% return.

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FHNFX has a 0.00% expense ratio, which is lower than GOVT's 0.15% 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%.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and iShares U.S. Treasury Bond ETF (GOVT). 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 FHNFX Sharpe Ratio is 1.04, which is comparable to the GOVT Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of FHNFX and GOVT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FHNFX's dividend yield for the trailing twelve months is around 3.52%, more than GOVT's 3.35% yield.

The maximum FHNFX drawdown since its inception was -18.64%, smaller than the maximum GOVT drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for FHNFX and GOVT.

The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.36%, while iShares U.S. Treasury Bond ETF (GOVT) has a volatility of 1.48%. This indicates that FHNFX experiences smaller price fluctuations and is considered to be less risky than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.