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.
Correlation
The correlation between FHNFX and VGIT is 0.95, 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. VGIT - Performance Comparison
Key characteristics
FHNFX:
0.78
VGIT:
0.91
FHNFX:
1.15
VGIT:
1.34
FHNFX:
1.14
VGIT:
1.16
FHNFX:
0.24
VGIT:
0.33
FHNFX:
1.80
VGIT:
2.07
FHNFX:
2.18%
VGIT:
1.97%
FHNFX:
5.03%
VGIT:
4.48%
FHNFX:
-19.87%
VGIT:
-16.05%
FHNFX:
-12.16%
VGIT:
-7.89%
Returns By Period
The year-to-date returns for both stocks are quite close, with FHNFX having a 0.87% return and VGIT slightly lower at 0.83%.
FHNFX
0.87%
0.98%
-0.85%
3.93%
-1.13%
N/A
VGIT
0.83%
0.81%
-0.68%
3.87%
-0.38%
1.11%
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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.
Dividends
FHNFX vs. VGIT - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.64%, less than VGIT's 3.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.64% | 3.62% | 2.76% | 1.74% | 1.07% | 1.62% | 2.33% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.70% | 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 -19.87%, 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. For additional features, visit the drawdowns tool.
Volatility
FHNFX vs. VGIT - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) has a higher volatility of 1.22% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.09%. This indicates that FHNFX's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.