FNBGX vs. TLT
Compare and contrast key facts about Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and iShares 20+ Year Treasury Bond ETF (TLT).
FNBGX is managed by Fidelity. It was launched on Dec 20, 2005. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNBGX or TLT.
Correlation
The correlation between FNBGX and TLT is 0.99, 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. TLT - Performance Comparison
Key characteristics
FNBGX:
-0.45
TLT:
-0.40
FNBGX:
-0.55
TLT:
-0.46
FNBGX:
0.94
TLT:
0.95
FNBGX:
-0.14
TLT:
-0.13
FNBGX:
-0.99
TLT:
-0.84
FNBGX:
5.95%
TLT:
6.66%
FNBGX:
12.94%
TLT:
14.22%
FNBGX:
-47.77%
TLT:
-48.35%
FNBGX:
-41.47%
TLT:
-41.51%
Returns By Period
The year-to-date returns for both stocks are quite close, with FNBGX having a -5.98% return and TLT slightly lower at -6.12%.
FNBGX
-5.98%
-2.43%
-3.53%
-6.62%
-5.83%
N/A
TLT
-6.12%
-0.47%
-3.48%
-6.13%
-5.83%
-0.91%
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FNBGX vs. TLT - Expense Ratio Comparison
FNBGX has a 0.03% expense ratio, which is lower than TLT's 0.15% 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. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
FNBGX's dividend yield for the trailing twelve months is around 3.41%, less than TLT's 4.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.41% | 3.20% | 3.00% | 2.05% | 2.13% | 2.64% | 2.95% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.21% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
FNBGX vs. TLT - Drawdown Comparison
The maximum FNBGX drawdown since its inception was -47.77%, roughly equal to the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FNBGX and TLT. For additional features, visit the drawdowns tool.
Volatility
FNBGX vs. TLT - Volatility Comparison
The current volatility for Fidelity Long-Term Treasury Bond Index Fund (FNBGX) is 3.82%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.17%. This indicates that FNBGX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.