FHNFX vs. GOVT
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and iShares U.S. Treasury Bond ETF (GOVT).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHNFX or GOVT.
Correlation
The correlation between FHNFX and GOVT is 0.96, 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. GOVT - Performance Comparison
Key characteristics
FHNFX:
0.69
GOVT:
0.53
FHNFX:
1.02
GOVT:
0.79
FHNFX:
1.12
GOVT:
1.10
FHNFX:
0.21
GOVT:
0.20
FHNFX:
1.58
GOVT:
1.42
FHNFX:
2.19%
GOVT:
2.23%
FHNFX:
5.05%
GOVT:
5.94%
FHNFX:
-19.87%
GOVT:
-19.07%
FHNFX:
-12.45%
GOVT:
-11.91%
Returns By Period
In the year-to-date period, FHNFX achieves a 0.53% return, which is significantly higher than GOVT's -1.64% return.
FHNFX
0.53%
0.65%
-1.60%
3.58%
-1.23%
N/A
GOVT
-1.64%
0.65%
-1.78%
3.25%
-1.13%
0.77%
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FHNFX vs. GOVT - Expense Ratio Comparison
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%.
Risk-Adjusted Performance
FHNFX vs. GOVT — Risk-Adjusted Performance Rank
FHNFX
GOVT
FHNFX vs. GOVT - Risk-Adjusted Performance Comparison
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.
Dividends
FHNFX vs. GOVT - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.65%, more than GOVT's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.65% | 3.62% | 2.76% | 1.74% | 1.07% | 1.62% | 2.33% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
GOVT iShares U.S. Treasury Bond ETF | 3.27% | 3.14% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% |
Drawdowns
FHNFX vs. GOVT - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.87%, roughly equal to the maximum GOVT drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for FHNFX and GOVT. For additional features, visit the drawdowns tool.
Volatility
FHNFX vs. GOVT - Volatility Comparison
The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.26%, while iShares U.S. Treasury Bond ETF (GOVT) has a volatility of 1.35%. 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.