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 -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FNBGX vs. TLT - Performance Comparison
Key characteristics
FNBGX:
0.20
TLT:
0.28
FNBGX:
0.37
TLT:
0.47
FNBGX:
1.04
TLT:
1.06
FNBGX:
0.06
TLT:
0.09
FNBGX:
0.39
TLT:
0.52
FNBGX:
6.81%
TLT:
7.64%
FNBGX:
13.07%
TLT:
14.44%
FNBGX:
-47.77%
TLT:
-48.35%
FNBGX:
-40.42%
TLT:
-41.63%
Returns By Period
In the year-to-date period, FNBGX achieves a 1.71% return, which is significantly lower than TLT's 1.87% return.
FNBGX
1.71%
-4.25%
-0.79%
2.63%
-9.27%
N/A
TLT
1.87%
-4.13%
-1.34%
1.74%
-9.71%
-0.60%
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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 Rank
FNBGX
TLT
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 3.79%, less than TLT's 4.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.79% | 3.76% | 3.20% | 3.00% | 2.05% | 2.13% | 2.64% | 2.95% | 0.69% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.32% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
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 5.30%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.89%. 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.