FIBUX vs. FUMBX
Compare and contrast key facts about Fidelity Flex U.S. Bond Index Fund (FIBUX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FIBUX is managed by Fidelity. It was launched on Mar 9, 2017. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIBUX or FUMBX.
Performance
FIBUX vs. FUMBX - Performance Comparison
Returns By Period
In the year-to-date period, FIBUX achieves a 1.83% return, which is significantly lower than FUMBX's 2.96% return.
FIBUX
1.83%
-1.32%
2.98%
6.39%
-0.46%
N/A
FUMBX
2.96%
-0.59%
2.92%
5.05%
0.79%
N/A
Key characteristics
| FIBUX | FUMBX | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.90 |
| Sortino Ratio | 1.59 | 2.93 |
| Omega Ratio | 1.19 | 1.40 |
| Calmar Ratio | 0.40 | 0.98 |
| Martin Ratio | 3.55 | 7.16 |
| Ulcer Index | 1.77% | 0.72% |
| Daily Std Dev | 5.76% | 2.70% |
| Max Drawdown | -19.46% | -9.07% |
| Current Drawdown | -9.80% | -1.38% |
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FIBUX vs. FUMBX - Expense Ratio Comparison
FIBUX has a 0.00% expense ratio, which is lower than FUMBX'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%.
Correlation
The correlation between FIBUX and FUMBX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FIBUX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex U.S. Bond Index Fund (FIBUX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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
FIBUX vs. FUMBX - Dividend Comparison
FIBUX's dividend yield for the trailing twelve months is around 3.50%, more than FUMBX's 2.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FIBUX Fidelity Flex U.S. Bond Index Fund | 3.50% | 2.91% | 2.15% | 1.46% | 2.05% | 2.77% | 2.72% | 1.77% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.03% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% |
Drawdowns
FIBUX vs. FUMBX - Drawdown Comparison
The maximum FIBUX drawdown since its inception was -19.46%, which is greater than FUMBX's maximum drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for FIBUX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
FIBUX vs. FUMBX - Volatility Comparison
Fidelity Flex U.S. Bond Index Fund (FIBUX) has a higher volatility of 1.52% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.55%. This indicates that FIBUX's price experiences larger fluctuations and is considered to be riskier than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.