Correlation
The correlation between FNSOX and BIL is -0.01. 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.
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.
Performance
FNSOX vs. BIL - Performance Comparison
Loading data...
Key characteristics
FNSOX:
2.56
BIL:
20.88
FNSOX:
3.80
BIL:
301.00
FNSOX:
1.51
BIL:
208.79
FNSOX:
3.88
BIL:
435.17
FNSOX:
9.10
BIL:
4,890.74
FNSOX:
0.66%
BIL:
0.00%
FNSOX:
2.48%
BIL:
0.23%
FNSOX:
-8.44%
BIL:
-0.77%
FNSOX:
-0.50%
BIL:
0.00%
Returns By Period
In the year-to-date period, FNSOX achieves a 2.42% return, which is significantly higher than BIL's 1.72% return.
FNSOX
2.42%
-0.50%
2.51%
6.37%
3.10%
1.04%
N/A
BIL
1.72%
0.36%
2.13%
4.73%
4.41%
2.61%
1.79%
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 Rank
FNSOX
BIL
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.
Loading data...
Dividends
FNSOX vs. BIL - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 3.00%, less than BIL's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 3.00% | 2.81% | 1.75% | 1.17% | 0.94% | 1.92% | 2.61% | 2.03% | 0.34% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 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 -8.44%, 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.
Loading data...
Volatility
FNSOX vs. BIL - Volatility Comparison
Fidelity Short-Term Bond Index Fund (FNSOX) has a higher volatility of 0.72% 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.
Loading data...