Correlation
The correlation between FHNFX and VFITX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FHNFX vs. VFITX
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. VFITX is managed by Vanguard. It was launched on Oct 28, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHNFX or VFITX.
Performance
FHNFX vs. VFITX - Performance Comparison
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Key characteristics
FHNFX:
1.06
VFITX:
1.34
FHNFX:
1.48
VFITX:
1.82
FHNFX:
1.17
VFITX:
1.22
FHNFX:
0.37
VFITX:
0.54
FHNFX:
2.27
VFITX:
2.90
FHNFX:
2.29%
VFITX:
2.14%
FHNFX:
5.20%
VFITX:
5.17%
FHNFX:
-18.64%
VFITX:
-15.48%
FHNFX:
-10.00%
VFITX:
-5.39%
Returns By Period
In the year-to-date period, FHNFX achieves a 2.01% return, which is significantly lower than VFITX's 2.90% return.
FHNFX
2.01%
-1.22%
1.05%
5.55%
0.54%
-1.81%
N/A
VFITX
2.90%
-0.97%
2.22%
6.87%
1.19%
-0.91%
1.30%
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FHNFX vs. VFITX - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than VFITX's 0.20% 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. VFITX — Risk-Adjusted Performance Rank
FHNFX
VFITX
FHNFX vs. VFITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX). 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. VFITX - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.53%, less than VFITX's 3.97% 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% |
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | 3.97% | 4.06% | 3.44% | 1.97% | 1.11% | 4.85% | 2.32% | 2.34% | 1.77% | 2.77% | 2.51% | 2.00% |
Drawdowns
FHNFX vs. VFITX - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -18.64%, which is greater than VFITX's maximum drawdown of -15.48%. Use the drawdown chart below to compare losses from any high point for FHNFX and VFITX.
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Volatility
FHNFX vs. VFITX - Volatility Comparison
The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.38%, while Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) has a volatility of 1.52%. This indicates that FHNFX experiences smaller price fluctuations and is considered to be less risky than VFITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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