FHNFX vs. VGSH
Compare and contrast key facts about Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Short-Term Treasury ETF (VGSH).
FHNFX is managed by Fidelity. It was launched on Aug 17, 2018. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 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 VGSH.
Correlation
The correlation between FHNFX and VGSH is 0.76, 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. VGSH - Performance Comparison
Key characteristics
FHNFX:
0.78
VGSH:
2.85
FHNFX:
1.16
VGSH:
4.54
FHNFX:
1.14
VGSH:
1.60
FHNFX:
0.24
VGSH:
4.77
FHNFX:
1.78
VGSH:
13.21
FHNFX:
2.20%
VGSH:
0.35%
FHNFX:
5.04%
VGSH:
1.62%
FHNFX:
-19.87%
VGSH:
-5.70%
FHNFX:
-12.35%
VGSH:
-0.05%
Returns By Period
In the year-to-date period, FHNFX achieves a 0.64% return, which is significantly higher than VGSH's 0.44% return.
FHNFX
0.64%
0.76%
-1.70%
3.58%
-1.28%
N/A
VGSH
0.44%
0.31%
1.37%
4.69%
1.32%
1.37%
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FHNFX vs. VGSH - Expense Ratio Comparison
FHNFX has a 0.00% expense ratio, which is lower than VGSH'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. VGSH — Risk-Adjusted Performance Rank
FHNFX
VGSH
FHNFX vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Government Bond Index Fund (FHNFX) and Vanguard Short-Term Treasury ETF (VGSH). 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. VGSH - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.65%, less than VGSH's 4.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHNFX Fidelity Series Government Bond Index Fund | 3.65% | 3.62% | 2.76% | 1.74% | 1.07% | 1.62% | 2.33% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 4.20% | 4.19% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% |
Drawdowns
FHNFX vs. VGSH - Drawdown Comparison
The maximum FHNFX drawdown since its inception was -19.87%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for FHNFX and VGSH. For additional features, visit the drawdowns tool.
Volatility
FHNFX vs. VGSH - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) has a higher volatility of 1.26% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.34%. This indicates that FHNFX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.