FNSOX vs. BIL
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSOX or BIL.
Key characteristics
| FNSOX | BIL | |
|---|---|---|
| YTD Return | 3.43% | 4.39% |
| 1Y Return | 6.39% | 5.29% |
| 3Y Return (Ann) | 0.73% | 3.57% |
| 5Y Return (Ann) | 1.20% | 2.24% |
| Sharpe Ratio | 2.24 | 20.72 |
| Sortino Ratio | 3.60 | 336.22 |
| Omega Ratio | 1.48 | 238.74 |
| Calmar Ratio | 1.28 | 487.81 |
| Martin Ratio | 11.02 | 5,477.25 |
| Ulcer Index | 0.55% | 0.00% |
| Daily Std Dev | 2.73% | 0.26% |
| Max Drawdown | -8.45% | -0.77% |
| Current Drawdown | -1.39% | 0.00% |
Correlation
The correlation between FNSOX and BIL is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNSOX vs. BIL - Performance Comparison
In the year-to-date period, FNSOX achieves a 3.43% return, which is significantly lower than BIL's 4.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNSOX vs. BIL - Expense Ratio Comparison
FNSOX has a 0.03% expense ratio, which is lower than BIL's 0.14% 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
FNSOX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
FNSOX vs. BIL - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 1.84%, less than BIL's 4.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 1.84% | 1.74% | 1.16% | 0.93% | 1.93% | 2.61% | 2.02% | 0.34% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.75% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
FNSOX vs. BIL - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.45%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for FNSOX and BIL. For additional features, visit the drawdowns tool.
Volatility
FNSOX vs. BIL - Volatility Comparison
Fidelity Short-Term Bond Index Fund (FNSOX) has a higher volatility of 0.62% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that FNSOX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.