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.
Key characteristics
| FNBGX | TLT | |
|---|---|---|
| YTD Return | -4.45% | -6.14% |
| 1Y Return | 5.06% | 4.03% |
| 3Y Return (Ann) | -11.22% | -12.58% |
| 5Y Return (Ann) | -5.62% | -5.92% |
| Sharpe Ratio | 0.36 | 0.43 |
| Sortino Ratio | 0.60 | 0.70 |
| Omega Ratio | 1.07 | 1.08 |
| Calmar Ratio | 0.11 | 0.14 |
| Martin Ratio | 0.90 | 1.05 |
| Ulcer Index | 5.36% | 6.10% |
| Daily Std Dev | 13.63% | 15.01% |
| Max Drawdown | -47.77% | -48.35% |
| Current Drawdown | -40.51% | -41.52% |
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
In the year-to-date period, FNBGX achieves a -4.45% return, which is significantly higher than TLT's -6.14% 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. 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 3.64%, less than TLT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.64% | 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 | 4.10% | 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 4.50%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.07%. 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.