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FNBGX vs. VGLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNBGX and VGLT is 1.00, 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.


-0.50.00.51.01.0

Performance

FNBGX vs. VGLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Vanguard Long-Term Treasury ETF (VGLT). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%8.00%10.00%12.00%AugustSeptemberOctoberNovemberDecember
-1.28%
-0.32%
FNBGX
VGLT

Key characteristics

Sharpe Ratio

FNBGX:

-0.42

VGLT:

-0.52

Sortino Ratio

FNBGX:

-0.49

VGLT:

-0.64

Omega Ratio

FNBGX:

0.94

VGLT:

0.93

Calmar Ratio

FNBGX:

-0.12

VGLT:

-0.16

Martin Ratio

FNBGX:

-0.96

VGLT:

-1.22

Ulcer Index

FNBGX:

5.57%

VGLT:

5.49%

Daily Std Dev

FNBGX:

12.85%

VGLT:

12.88%

Max Drawdown

FNBGX:

-47.77%

VGLT:

-46.18%

Current Drawdown

FNBGX:

-41.78%

VGLT:

-39.57%

Returns By Period


FNBGX

YTD

0.00%

1M

-5.76%

6M

-1.29%

1Y

-6.49%

5Y*

-6.01%

10Y*

N/A

VGLT

YTD

-5.93%

1M

-5.18%

6M

0.37%

1Y

-5.93%

5Y*

-5.18%

10Y*

-0.71%

*Annualized

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FNBGX vs. VGLT - Expense Ratio Comparison

FNBGX has a 0.03% expense ratio, which is lower than VGLT'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%.


Expense ratio chart for VGLT: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for FNBGX: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

FNBGX vs. VGLT - 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 Treasury ETF (VGLT). 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.


The chart of Sharpe ratio for FNBGX, currently valued at -0.42, compared to the broader market-1.000.001.002.003.00-0.42-0.35
The chart of Sortino ratio for FNBGX, currently valued at -0.49, compared to the broader market-2.000.002.004.006.008.00-0.49-0.40
The chart of Omega ratio for FNBGX, currently valued at 0.94, compared to the broader market0.501.001.502.002.503.000.940.95
The chart of Calmar ratio for FNBGX, currently valued at -0.12, compared to the broader market0.002.004.006.008.0010.00-0.12-0.11
The chart of Martin ratio for FNBGX, currently valued at -0.96, compared to the broader market0.0010.0020.0030.0040.0050.00-0.96-0.82
FNBGX
VGLT

The current FNBGX Sharpe Ratio is -0.42, which is comparable to the VGLT Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of FNBGX and VGLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00AugustSeptemberOctoberNovemberDecember
-0.42
-0.35
FNBGX
VGLT

Dividends

FNBGX vs. VGLT - Dividend Comparison

FNBGX's dividend yield for the trailing twelve months is around 3.12%, less than VGLT's 4.32% yield.


TTM2023202220212020201920182017201620152014
FNBGX
Fidelity Long-Term Treasury Bond Index Fund
3.12%3.20%3.00%2.05%2.13%2.64%2.95%0.69%0.00%0.00%0.00%
VGLT
Vanguard Long-Term Treasury ETF
4.32%3.33%2.83%1.82%2.15%2.46%2.71%2.55%2.69%3.21%2.75%

Drawdowns

FNBGX vs. VGLT - Drawdown Comparison

The maximum FNBGX drawdown since its inception was -47.77%, roughly equal to the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FNBGX and VGLT. For additional features, visit the drawdowns tool.


-42.00%-40.00%-38.00%-36.00%-34.00%-32.00%AugustSeptemberOctoberNovemberDecember
-41.78%
-39.57%
FNBGX
VGLT

Volatility

FNBGX vs. VGLT - Volatility Comparison

Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Vanguard Long-Term Treasury ETF (VGLT) have volatilities of 3.03% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.50%3.00%3.50%4.00%4.50%AugustSeptemberOctoberNovemberDecember
3.03%
2.98%
FNBGX
VGLT