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 Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
FHNFX vs. VGLT - Performance Comparison
Loading graphics...
FHNFX vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | -0.09% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | 1.63% |
Returns By Period
In the year-to-date period, FHNFX achieves a -0.27% return, which is significantly lower than VGLT's -0.09% return.
FHNFX
- 1D
- 0.55%
- 1M
- -2.04%
- YTD
- -0.27%
- 6M
- 0.46%
- 1Y
- 3.24%
- 3Y*
- 2.96%
- 5Y*
- 0.03%
- 10Y*
- —
VGLT
- 1D
- -0.03%
- 1M
- -3.99%
- YTD
- -0.09%
- 6M
- -0.50%
- 1Y
- 0.42%
- 3Y*
- -1.57%
- 5Y*
- -4.88%
- 10Y*
- -0.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FHNFX vs. VGLT - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than VGLT's 0.03% 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%.
Return for Risk
FHNFX vs. VGLT — Risk / Return Rank
FHNFX
VGLT
FHNFX vs. VGLT - Risk-Adjusted Trends 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.
| FHNFX | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.04 | +0.93 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.12 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.02 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.14 | +1.69 |
Martin ratioReturn relative to average drawdown | 4.93 | 0.31 | +4.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FHNFX | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.04 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.34 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.19 | +0.09 |
Correlation
The correlation between FHNFX and VGLT is 0.93, 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. VGLT - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.76%, less than VGLT's 4.49% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.49% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
FHNFX vs. VGLT - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.42%, 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.
Loading graphics...
Drawdown Indicators
| FHNFX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -46.18% | +26.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -8.48% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -40.98% | +24.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -6.28% | -36.63% | +30.35% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -14.83% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.85% | -2.90% |
Volatility
FHNFX vs. VGLT - Volatility Comparison
The current volatility for Fidelity Series Government Bond Index Fund (FHNFX) is 1.41%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.45%. 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.
Loading graphics...
Volatility by Period
| FHNFX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 3.45% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 6.00% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 10.35% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 14.60% | -8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 13.84% | -8.38% |