FNBGX vs. BLV
Compare and contrast key facts about Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Vanguard Long-Term Bond ETF (BLV).
FNBGX is managed by Fidelity. It was launched on Dec 20, 2005. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNBGX or BLV.
Key characteristics
| FNBGX | BLV | |
|---|---|---|
| YTD Return | -3.12% | -1.08% |
| 1Y Return | 6.74% | 10.09% |
| 3Y Return (Ann) | -11.15% | -8.50% |
| 5Y Return (Ann) | -5.00% | -2.26% |
| Sharpe Ratio | 0.64 | 0.93 |
| Sortino Ratio | 1.00 | 1.37 |
| Omega Ratio | 1.12 | 1.16 |
| Calmar Ratio | 0.20 | 0.32 |
| Martin Ratio | 1.67 | 2.62 |
| Ulcer Index | 5.25% | 4.30% |
| Daily Std Dev | 13.74% | 12.15% |
| Max Drawdown | -47.77% | -38.29% |
| Current Drawdown | -39.69% | -27.02% |
Correlation
The correlation between FNBGX and BLV is 0.94, 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.
Performance
FNBGX vs. BLV - Performance Comparison
In the year-to-date period, FNBGX achieves a -3.12% return, which is significantly lower than BLV's -1.08% 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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FNBGX vs. BLV - Expense Ratio Comparison
FNBGX has a 0.03% expense ratio, which is lower than BLV'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
FNBGX vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Vanguard Long-Term Bond ETF (BLV). 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
FNBGX vs. BLV - Dividend Comparison
FNBGX's dividend yield for the trailing twelve months is around 3.59%, less than BLV's 4.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.59% | 3.20% | 3.00% | 2.05% | 2.13% | 2.64% | 2.95% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.48% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
FNBGX vs. BLV - Drawdown Comparison
The maximum FNBGX drawdown since its inception was -47.77%, which is greater than BLV's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for FNBGX and BLV. For additional features, visit the drawdowns tool.
Volatility
FNBGX vs. BLV - Volatility Comparison
Fidelity Long-Term Treasury Bond Index Fund (FNBGX) has a higher volatility of 4.33% compared to Vanguard Long-Term Bond ETF (BLV) at 3.86%. This indicates that FNBGX's price experiences larger fluctuations and is considered to be riskier than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.