Correlation
The correlation between FNSOX and BSV is 0.01, 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.
FNSOX vs. BSV
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and Vanguard Short-Term Bond ETF (BSV).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSOX or BSV.
Performance
FNSOX vs. BSV - Performance Comparison
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Key characteristics
FNSOX:
2.60
BSV:
2.81
FNSOX:
3.98
BSV:
4.27
FNSOX:
1.54
BSV:
1.54
FNSOX:
4.07
BSV:
2.82
FNSOX:
9.55
BSV:
10.00
FNSOX:
0.66%
BSV:
0.63%
FNSOX:
2.48%
BSV:
2.32%
FNSOX:
-8.44%
BSV:
-8.62%
FNSOX:
-0.60%
BSV:
-0.40%
Returns By Period
In the year-to-date period, FNSOX achieves a 2.32% return, which is significantly lower than BSV's 2.49% return.
FNSOX
2.32%
-0.30%
2.61%
6.48%
3.02%
1.02%
N/A
BSV
2.49%
-0.26%
2.63%
6.47%
2.98%
1.02%
1.76%
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FNSOX vs. BSV - Expense Ratio Comparison
FNSOX has a 0.03% expense ratio, which is lower than BSV'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
FNSOX vs. BSV — Risk-Adjusted Performance Rank
FNSOX
BSV
FNSOX vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and Vanguard Short-Term Bond ETF (BSV). 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.
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Dividends
FNSOX vs. BSV - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 3.00%, less than BSV's 3.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.55% | 3.38% | 2.46% | 1.50% | 1.36% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% |
Drawdowns
FNSOX vs. BSV - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.44%, roughly equal to the maximum BSV drawdown of -8.62%. Use the drawdown chart below to compare losses from any high point for FNSOX and BSV.
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Volatility
FNSOX vs. BSV - Volatility Comparison
Fidelity Short-Term Bond Index Fund (FNSOX) has a higher volatility of 0.78% compared to Vanguard Short-Term Bond ETF (BSV) at 0.72%. This indicates that FNSOX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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