FHNFX vs. LTUSX
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Thornburg Limited Term U.S. Government Fund (LTUSX).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. LTUSX is managed by Thornburg. It was launched on Nov 15, 1987.
Performance
FHNFX vs. LTUSX - Performance Comparison
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FHNFX vs. LTUSX - 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% |
LTUSX Thornburg Limited Term U.S. Government Fund | 0.29% | 6.40% | 2.40% | 3.40% | -8.06% | -1.82% | 3.77% | 3.61% | 1.18% |
Returns By Period
In the year-to-date period, FHNFX achieves a -0.27% return, which is significantly lower than LTUSX's 0.29% return.
FHNFX
- 1D
- 0.00%
- 1M
- -1.61%
- YTD
- -0.27%
- 6M
- 0.24%
- 1Y
- 2.91%
- 3Y*
- 2.96%
- 5Y*
- -0.04%
- 10Y*
- —
LTUSX
- 1D
- -0.08%
- 1M
- -1.29%
- YTD
- 0.29%
- 6M
- 1.12%
- 1Y
- 3.98%
- 3Y*
- 3.43%
- 5Y*
- 0.70%
- 10Y*
- 1.02%
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FHNFX vs. LTUSX - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than LTUSX's 0.92% expense ratio.
Return for Risk
FHNFX vs. LTUSX — Risk / Return Rank
FHNFX
LTUSX
FHNFX vs. LTUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Thornburg Limited Term U.S. Government Fund (LTUSX). 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 | LTUSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.25 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.81 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.21 | -0.61 |
Martin ratioReturn relative to average drawdown | 4.29 | 6.75 | -2.46 |
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 | LTUSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.25 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.18 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.15 | -0.87 |
Correlation
The correlation between FHNFX and LTUSX is 0.87, 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. LTUSX - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.76%, more than LTUSX's 2.33% 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% |
LTUSX Thornburg Limited Term U.S. Government Fund | 2.33% | 2.69% | 2.62% | 1.89% | 1.63% | 1.21% | 1.35% | 1.77% | 1.90% | 1.45% | 2.52% | 1.50% |
Drawdowns
FHNFX vs. LTUSX - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.42%, which is greater than LTUSX's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for FHNFX and LTUSX.
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Drawdown Indicators
| FHNFX | LTUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -12.34% | -7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.00% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -11.69% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.34% | — |
Current DrawdownCurrent decline from peak | -6.28% | -1.68% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -1.40% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.66% | +0.30% |
Volatility
FHNFX vs. LTUSX - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) has a higher volatility of 1.37% compared to Thornburg Limited Term U.S. Government Fund (LTUSX) at 1.19%. This indicates that FHNFX's price experiences larger fluctuations and is considered to be riskier than LTUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHNFX | LTUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.19% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.99% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 3.28% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 3.99% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 3.06% | +2.40% |