Correlation
The correlation between FHNFX and VGLT 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. VGLT
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Long-Term Treasury ETF (VGLT).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long 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 VGLT.
Performance
FHNFX vs. VGLT - Performance Comparison
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Key characteristics
FHNFX:
1.04
VGLT:
0.12
FHNFX:
1.37
VGLT:
0.23
FHNFX:
1.16
VGLT:
1.03
FHNFX:
0.35
VGLT:
0.03
FHNFX:
2.09
VGLT:
0.17
FHNFX:
2.29%
VGLT:
7.39%
FHNFX:
5.19%
VGLT:
13.08%
FHNFX:
-18.64%
VGLT:
-46.18%
FHNFX:
-9.81%
VGLT:
-39.35%
Returns By Period
In the year-to-date period, FHNFX achieves a 2.23% return, which is significantly higher than VGLT's 0.73% return.
FHNFX
2.23%
-0.98%
0.94%
4.78%
0.81%
-1.77%
N/A
VGLT
0.73%
-2.36%
-4.83%
0.70%
-4.95%
-8.62%
-0.25%
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FHNFX vs. VGLT - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than VGLT'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. VGLT — Risk-Adjusted Performance Rank
FHNFX
VGLT
FHNFX vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.25%, less than VGLT's 4.45% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.45% | 4.33% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% |
Drawdowns
FHNFX vs. VGLT - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -18.64%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FHNFX and VGLT.
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Volatility
FHNFX vs. VGLT - Volatility Comparison
The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.36%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.30%. This indicates that FHNFX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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