Correlation
The correlation between FHNFX and VGSH is -0.07. 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. 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.
Performance
FHNFX vs. VGSH - Performance Comparison
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Key characteristics
FHNFX:
1.04
VGSH:
3.46
FHNFX:
1.37
VGSH:
5.74
FHNFX:
1.16
VGSH:
1.77
FHNFX:
0.35
VGSH:
6.07
FHNFX:
2.09
VGSH:
16.50
FHNFX:
2.29%
VGSH:
0.36%
FHNFX:
5.19%
VGSH:
1.69%
FHNFX:
-18.64%
VGSH:
-5.70%
FHNFX:
-9.81%
VGSH:
-0.24%
Returns By Period
The year-to-date returns for both stocks are quite close, with FHNFX having a 2.23% return and VGSH slightly lower at 2.18%.
FHNFX
2.23%
-0.98%
0.94%
4.78%
0.81%
-1.77%
N/A
VGSH
2.18%
-0.03%
2.42%
5.66%
2.99%
1.18%
1.50%
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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.
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Dividends
FHNFX vs. VGSH - Dividend Comparison
FHNFX's dividend yield for the trailing twelve months is around 3.25%, less than VGSH's 4.17% 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% |
VGSH Vanguard Short-Term Treasury ETF | 4.17% | 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 -18.64%, 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.
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Volatility
FHNFX vs. VGSH - Volatility Comparison
Fidelity Series Government Bond Index Fund (FHNFX) has a higher volatility of 1.36% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.52%. 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.
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