FHQFX vs. SGOV
Compare and contrast key facts about Fidelity Series Treasury Bill Index Fund (FHQFX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
FHQFX is managed by Fidelity Investments. It was launched on Aug 28, 2018. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHQFX or SGOV.
Correlation
The correlation between FHQFX and SGOV is -0.01. 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. SGOV - Performance Comparison
Key characteristics
FHQFX:
3.67
SGOV:
21.24
FHQFX:
25.27
SGOV:
484.27
FHQFX:
13.63
SGOV:
485.27
FHQFX:
51.63
SGOV:
496.03
FHQFX:
167.66
SGOV:
7,874.19
FHQFX:
0.03%
SGOV:
0.00%
FHQFX:
1.41%
SGOV:
0.23%
FHQFX:
-0.20%
SGOV:
-0.03%
FHQFX:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, FHQFX achieves a 1.07% return, which is significantly lower than SGOV's 1.31% return.
FHQFX
1.07%
0.36%
2.36%
5.20%
2.60%
N/A
SGOV
1.31%
0.34%
2.19%
4.91%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FHQFX vs. SGOV - Expense Ratio Comparison
FHQFX has a 0.00% expense ratio, which is lower than SGOV'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%.
Risk-Adjusted Performance
FHQFX vs. SGOV — Risk-Adjusted Performance Rank
FHQFX
SGOV
FHQFX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
FHQFX's dividend yield for the trailing twelve months is around 4.85%, more than SGOV's 4.79% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% |
Drawdowns
FHQFX vs. SGOV - Drawdown Comparison
The maximum FHQFX drawdown since its inception was -0.20%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FHQFX and SGOV. For additional features, visit the drawdowns tool.
Volatility
FHQFX vs. SGOV - Volatility Comparison
Fidelity Series Treasury Bill Index Fund (FHQFX) has a higher volatility of 0.36% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that FHQFX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.