FHQFX vs. SHY
Compare and contrast key facts about Fidelity Series Treasury Bill Index Fund (FHQFX) and iShares 1-3 Year Treasury Bond ETF (SHY).
FHQFX is managed by Fidelity Investments. It was launched on Aug 28, 2018. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHQFX or SHY.
Correlation
The correlation between FHQFX and SHY is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FHQFX vs. SHY - Performance Comparison
Key characteristics
FHQFX:
3.66
SHY:
2.87
FHQFX:
23.36
SHY:
4.58
FHQFX:
11.45
SHY:
1.60
FHQFX:
53.18
SHY:
4.87
FHQFX:
132.63
SHY:
13.14
FHQFX:
0.04%
SHY:
0.36%
FHQFX:
1.46%
SHY:
1.64%
FHQFX:
-0.20%
SHY:
-5.71%
FHQFX:
0.00%
SHY:
0.00%
Returns By Period
In the year-to-date period, FHQFX achieves a 0.37% return, which is significantly lower than SHY's 0.48% return.
FHQFX
0.37%
0.37%
2.52%
5.37%
2.56%
N/A
SHY
0.48%
0.39%
1.50%
4.46%
1.26%
1.29%
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FHQFX vs. SHY - Expense Ratio Comparison
FHQFX has a 0.00% expense ratio, which is lower than SHY's 0.15% 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. SHY — Risk-Adjusted Performance Rank
FHQFX
SHY
FHQFX vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
FHQFX's dividend yield for the trailing twelve months is around 5.02%, more than SHY's 3.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHQFX Fidelity Series Treasury Bill Index Fund | 5.02% | 5.10% | 5.13% | 1.82% | 0.06% | 0.85% | 2.31% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.94% | 3.91% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% |
Drawdowns
FHQFX vs. SHY - Drawdown Comparison
The maximum FHQFX drawdown since its inception was -0.20%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for FHQFX and SHY. For additional features, visit the drawdowns tool.
Volatility
FHQFX vs. SHY - Volatility Comparison
Fidelity Series Treasury Bill Index Fund (FHQFX) and iShares 1-3 Year Treasury Bond ETF (SHY) have volatilities of 0.37% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.