FHQFX vs. SPTS
Compare and contrast key facts about Fidelity Series Treasury Bill Index Fund (FHQFX) and SPDR Portfolio Short Term Treasury ETF (SPTS).
FHQFX is managed by Fidelity Investments. It was launched on Aug 28, 2018. SPTS is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHQFX or SPTS.
Correlation
The correlation between FHQFX and SPTS 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. SPTS - Performance Comparison
Key characteristics
FHQFX:
3.66
SPTS:
2.95
FHQFX:
23.36
SPTS:
4.67
FHQFX:
11.45
SPTS:
1.61
FHQFX:
53.18
SPTS:
5.13
FHQFX:
132.63
SPTS:
14.44
FHQFX:
0.04%
SPTS:
0.34%
FHQFX:
1.46%
SPTS:
1.67%
FHQFX:
-0.20%
SPTS:
-5.83%
FHQFX:
0.00%
SPTS:
0.00%
Returns By Period
In the year-to-date period, FHQFX achieves a 0.37% return, which is significantly lower than SPTS's 0.59% return.
FHQFX
0.37%
0.37%
2.52%
5.37%
2.56%
N/A
SPTS
0.59%
0.59%
1.43%
5.06%
1.36%
1.38%
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FHQFX vs. SPTS - Expense Ratio Comparison
FHQFX has a 0.00% expense ratio, which is lower than SPTS's 0.06% 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. SPTS — Risk-Adjusted Performance Rank
FHQFX
SPTS
FHQFX vs. SPTS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) and SPDR Portfolio Short Term Treasury ETF (SPTS). 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. SPTS - Dividend Comparison
FHQFX's dividend yield for the trailing twelve months is around 5.02%, more than SPTS's 4.23% 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% |
SPTS SPDR Portfolio Short Term Treasury ETF | 4.23% | 4.25% | 3.61% | 1.26% | 0.20% | 0.71% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% |
Drawdowns
FHQFX vs. SPTS - Drawdown Comparison
The maximum FHQFX drawdown since its inception was -0.20%, smaller than the maximum SPTS drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for FHQFX and SPTS. For additional features, visit the drawdowns tool.
Volatility
FHQFX vs. SPTS - Volatility Comparison
The current volatility for Fidelity Series Treasury Bill Index Fund (FHQFX) is 0.37%, while SPDR Portfolio Short Term Treasury ETF (SPTS) has a volatility of 0.42%. This indicates that FHQFX experiences smaller price fluctuations and is considered to be less risky than SPTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.