FNBGX vs. EVGOX
FNBGX (Fidelity Long-Term Treasury Bond Index Fund) and EVGOX (Eaton Vance Government Opportunities Fund) are both Government Bonds funds. Over the past 5 years, FNBGX returned -7.42%/yr vs 1.19%/yr for EVGOX. Their 0.47 correlation means their historical movements had little consistent relationship. FNBGX charges 0.03%/yr vs 1.05%/yr for EVGOX.
Performance
FNBGX vs. EVGOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNBGX achieves a -3.27% return, which is significantly lower than EVGOX's -0.86% return.
FNBGX
- 1D
- 0.34%
- 1M
- -3.50%
- 6M
- -3.07%
- YTD
- -3.27%
- 1Y
- -1.90%
- 3Y*
- -0.16%
- 5Y*
- -7.42%
- 10Y*
- —
- ALL TIME*
- -1.41%
EVGOX
- 1D
- 0.19%
- 1M
- -1.51%
- 6M
- -1.14%
- YTD
- -0.86%
- 1Y
- 1.59%
- 3Y*
- 4.42%
- 5Y*
- 1.19%
- 10Y*
- 1.44%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNBGX vs. EVGOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | -3.27% | 5.30% | -6.18% | 3.20% | -29.89% | -5.17% | 17.58% | 14.24% | -1.62% | 1.86% |
EVGOX Eaton Vance Government Opportunities Fund | -0.86% | 10.50% | 0.07% | 4.56% | -6.57% | -1.20% | 4.59% | 2.43% | 0.72% | 0.23% |
Correlation
The correlation between FNBGX and EVGOX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.47 |
Over the past year, FNBGX and EVGOX have become more correlated (0.69) than their long-term average of 0.47, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNBGX vs. EVGOX — Risk / Return Rank
FNBGX
EVGOX
FNBGX vs. EVGOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Eaton Vance Government Opportunities Fund (EVGOX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNBGX | EVGOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.07 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.54 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.51 | 1.34 | -1.85 |
Loading charts...
Drawdowns
FNBGX vs. EVGOX - Drawdown Comparison
The maximum FNBGX drawdown since its inception was -46.86%, which is greater than EVGOX's maximum drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for FNBGX and EVGOX.
Loading charts...
Drawdown Indicators
| FNBGX | EVGOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.86% | -23.97% | -22.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.38% | -3.32% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -6.74% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -11.06% | -30.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.44% | — |
Current DrawdownCurrent decline from peak | -39.30% | -2.80% | -36.50% |
Average DrawdownAverage peak-to-trough decline | -21.94% | -3.42% | -18.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 1.33% | +1.99% |
Volatility
FNBGX vs. EVGOX - Volatility Comparison
Fidelity Long-Term Treasury Bond Index Fund (FNBGX) has a higher volatility of 2.31% compared to Eaton Vance Government Opportunities Fund (EVGOX) at 1.42%. This indicates that FNBGX's price experiences larger fluctuations and is considered to be riskier than EVGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNBGX | EVGOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.42% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 3.81% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 4.59% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 5.41% | +9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 4.08% | +10.03% |
FNBGX vs. EVGOX - Expense Ratio Comparison
FNBGX has a 0.03% expense ratio, which is lower than EVGOX's 1.05% expense ratio.
Dividends
FNBGX vs. EVGOX - Dividend Comparison
FNBGX's dividend yield for the trailing twelve months is around 3.81%, less than EVGOX's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVGOX Eaton Vance Government Opportunities Fund | 5.10% | 5.38% | 5.24% | 4.58% | 2.75% | 1.77% | 2.19% | 3.24% | 3.34% | 3.54% | 3.30% | 3.81% |
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.81% | 3.88% | 3.75% | 3.20% | 2.26% | 2.47% | 3.96% | 2.63% | 2.93% | 0.70% | 0.00% | 0.00% |
Frequently Asked Questions
FNBGX and EVGOX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNBGX has higher volatility (2.31%) compared to EVGOX (1.42%). In terms of maximum drawdown, FNBGX dropped -46.86% vs EVGOX's -23.97%.
EVGOX currently has the higher Sharpe Ratio (0.39 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FNBGX and EVGOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer