FHQFX vs. FDRXX
Compare and contrast key facts about Fidelity Series Treasury Bill Index Fund (FHQFX) and Fidelity Government Cash Reserves (FDRXX).
FHQFX is managed by Fidelity Investments. It was launched on Aug 28, 2018. FDRXX is managed by Fidelity. It was launched on Dec 15, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHQFX or FDRXX.
Correlation
The correlation between FHQFX and FDRXX is -0.05. 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.
Performance
FHQFX vs. FDRXX - Performance Comparison
Key characteristics
FHQFX:
3.67
FDRXX:
3.23
FHQFX:
0.03%
FDRXX:
0.00%
FHQFX:
1.41%
FDRXX:
1.34%
FHQFX:
-0.20%
FDRXX:
0.00%
FHQFX:
0.00%
FDRXX:
0.00%
Returns By Period
In the year-to-date period, FHQFX achieves a 1.07% return, which is significantly higher than FDRXX's 0.65% return.
FHQFX
1.07%
0.36%
2.36%
5.20%
2.59%
N/A
FDRXX
0.65%
0.00%
1.78%
4.35%
2.32%
1.29%
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FHQFX vs. FDRXX - Expense Ratio Comparison
FHQFX has a 0.00% expense ratio, which is lower than FDRXX's 0.38% expense ratio.
Risk-Adjusted Performance
FHQFX vs. FDRXX — Risk-Adjusted Performance Rank
FHQFX
FDRXX
FHQFX vs. FDRXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and Fidelity Government Cash Reserves (FDRXX). 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
FHQFX vs. FDRXX - Dividend Comparison
FHQFX's dividend yield for the trailing twelve months is around 4.85%, more than FDRXX's 4.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FHQFX Fidelity Series Treasury Bill Index Fund | 4.85% | 5.10% | 5.13% | 1.82% | 0.06% | 0.85% | 2.31% | 0.43% |
FDRXX Fidelity Government Cash Reserves | 4.25% | 4.84% | 4.69% | 1.33% | 0.01% | 0.28% | 1.01% | 0.00% |
Drawdowns
FHQFX vs. FDRXX - Drawdown Comparison
The maximum FHQFX drawdown since its inception was -0.20%, which is greater than FDRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FHQFX and FDRXX. For additional features, visit the drawdowns tool.
Volatility
FHQFX vs. FDRXX - Volatility Comparison
Fidelity Series Treasury Bill Index Fund (FHQFX) has a higher volatility of 0.36% compared to Fidelity Government Cash Reserves (FDRXX) at 0.00%. This indicates that FHQFX's price experiences larger fluctuations and is considered to be riskier than FDRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.