Correlation
The correlation between FHNFX and VGIT is -0.08. 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. VGIT
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Intermediate-Term Treasury ETF (VGIT).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHNFX or VGIT.
Performance
FHNFX vs. VGIT - Performance Comparison
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Key characteristics
FHNFX:
1.04
VGIT:
1.49
FHNFX:
1.37
VGIT:
2.24
FHNFX:
1.16
VGIT:
1.27
FHNFX:
0.35
VGIT:
0.59
FHNFX:
2.09
VGIT:
3.53
FHNFX:
2.29%
VGIT:
1.95%
FHNFX:
5.19%
VGIT:
4.62%
FHNFX:
-18.64%
VGIT:
-16.05%
FHNFX:
-9.81%
VGIT:
-5.42%
Returns By Period
In the year-to-date period, FHNFX achieves a 2.23% return, which is significantly lower than VGIT's 3.53% return.
FHNFX
2.23%
-0.98%
0.94%
4.78%
0.81%
-1.77%
N/A
VGIT
3.53%
-0.42%
2.37%
6.44%
1.70%
-0.96%
1.36%
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FHNFX vs. VGIT - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than VGIT's 0.04% 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. VGIT — Risk-Adjusted Performance Rank
FHNFX
VGIT
FHNFX vs. VGIT - 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 ETF (VGIT). 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. VGIT - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.25%, less than VGIT's 3.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.25% | 3.39% | 2.76% | 1.74% | 1.07% | 3.17% | 2.63% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.73% | 3.67% | 2.72% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% | 1.54% |
Drawdowns
FHNFX vs. VGIT - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -18.64%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for FHNFX and VGIT.
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Volatility
FHNFX vs. VGIT - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Intermediate-Term Treasury ETF (VGIT) have volatilities of 1.36% and 1.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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