FHQFX vs. VGSH
Compare and contrast key facts about Fidelity Series Treasury Bill Index Fund (FHQFX) and Vanguard Short-Term Treasury ETF (VGSH).
FHQFX is managed by Fidelity Investments. It was launched on Aug 28, 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: FHQFX or VGSH.
Correlation
The correlation between FHQFX and VGSH is 0.17, 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. VGSH - Performance Comparison
Key characteristics
FHQFX:
3.66
VGSH:
2.85
FHQFX:
23.36
VGSH:
4.54
FHQFX:
11.45
VGSH:
1.60
FHQFX:
53.18
VGSH:
4.77
FHQFX:
132.63
VGSH:
13.21
FHQFX:
0.04%
VGSH:
0.35%
FHQFX:
1.46%
VGSH:
1.62%
FHQFX:
-0.20%
VGSH:
-5.70%
FHQFX:
0.00%
VGSH:
-0.05%
Returns By Period
In the year-to-date period, FHQFX achieves a 0.37% return, which is significantly lower than VGSH's 0.44% return.
FHQFX
0.37%
0.37%
2.52%
5.37%
2.57%
N/A
VGSH
0.44%
0.31%
1.37%
4.69%
1.32%
1.37%
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FHQFX vs. VGSH - Expense Ratio Comparison
FHQFX 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
FHQFX vs. VGSH — Risk-Adjusted Performance Rank
FHQFX
VGSH
FHQFX vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Treasury Bill Index Fund (FHQFX) 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.
Dividends
FHQFX vs. VGSH - Dividend Comparison
FHQFX's dividend yield for the trailing twelve months is around 5.02%, more than VGSH's 4.20% 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% |
VGSH Vanguard Short-Term Treasury ETF | 4.20% | 4.19% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% |
Drawdowns
FHQFX vs. VGSH - Drawdown Comparison
The maximum FHQFX drawdown since its inception was -0.20%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for FHQFX and VGSH. For additional features, visit the drawdowns tool.
Volatility
FHQFX vs. VGSH - Volatility Comparison
Fidelity Series Treasury Bill Index Fund (FHQFX) has a higher volatility of 0.37% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.34%. This indicates that FHQFX'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.