FNBGX vs. VGLT
Compare and contrast key facts about Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Vanguard Long-Term Treasury ETF (VGLT).
FNBGX is managed by Fidelity. It was launched on Dec 20, 2005. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNBGX or VGLT.
Key characteristics
| FNBGX | VGLT | |
|---|---|---|
| YTD Return | -4.45% | -4.73% |
| 1Y Return | 5.06% | 4.93% |
| 3Y Return (Ann) | -11.22% | -11.23% |
| 5Y Return (Ann) | -5.62% | -5.14% |
| Sharpe Ratio | 0.36 | 0.52 |
| Sortino Ratio | 0.60 | 0.83 |
| Omega Ratio | 1.07 | 1.10 |
| Calmar Ratio | 0.11 | 0.17 |
| Martin Ratio | 0.90 | 1.33 |
| Ulcer Index | 5.36% | 5.41% |
| Daily Std Dev | 13.63% | 13.69% |
| Max Drawdown | -47.77% | -46.18% |
| Current Drawdown | -40.51% | -38.80% |
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.
Performance
FNBGX vs. VGLT - Performance Comparison
In the year-to-date period, FNBGX achieves a -4.45% return, which is significantly higher than VGLT's -4.73% 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. 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%.
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.
Dividends
FNBGX vs. VGLT - Dividend Comparison
FNBGX's dividend yield for the trailing twelve months is around 3.64%, less than VGLT's 4.13% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.13% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
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.
Volatility
FNBGX vs. VGLT - Volatility Comparison
Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Vanguard Long-Term Treasury ETF (VGLT) have volatilities of 4.50% and 4.43%, 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.