FMSDX vs. GOVT
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and iShares U.S. Treasury Bond ETF (GOVT).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMSDX or GOVT.
Key characteristics
| FMSDX | GOVT | |
|---|---|---|
| YTD Return | 12.42% | 1.44% |
| 1Y Return | 19.99% | 6.78% |
| 3Y Return (Ann) | 2.42% | -2.84% |
| 5Y Return (Ann) | 9.00% | -0.46% |
| Sharpe Ratio | 2.68 | 1.07 |
| Sortino Ratio | 3.87 | 1.57 |
| Omega Ratio | 1.52 | 1.19 |
| Calmar Ratio | 1.95 | 0.35 |
| Martin Ratio | 17.87 | 3.51 |
| Ulcer Index | 1.02% | 1.71% |
| Daily Std Dev | 6.88% | 5.60% |
| Max Drawdown | -21.64% | -19.07% |
| Current Drawdown | 0.00% | -11.75% |
Correlation
The correlation between FMSDX and GOVT is 0.09, 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
FMSDX vs. GOVT - Performance Comparison
In the year-to-date period, FMSDX achieves a 12.42% return, which is significantly higher than GOVT's 1.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMSDX vs. GOVT - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than GOVT's 0.15% expense ratio.
Risk-Adjusted Performance
FMSDX vs. GOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) and iShares U.S. Treasury Bond ETF (GOVT). 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
FMSDX vs. GOVT - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.65%, more than GOVT's 3.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.65% | 4.24% | 3.88% | 2.98% | 3.26% | 2.76% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOVT iShares U.S. Treasury Bond ETF | 3.12% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% | 0.94% |
Drawdowns
FMSDX vs. GOVT - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, which is greater than GOVT's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for FMSDX and GOVT. For additional features, visit the drawdowns tool.
Volatility
FMSDX vs. GOVT - Volatility Comparison
Fidelity Multi-Asset Income Fund (FMSDX) has a higher volatility of 2.37% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.50%. This indicates that FMSDX's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.