FNSOX vs. FUMBX
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSOX or FUMBX.
Correlation
The correlation between FNSOX and FUMBX is -0.04. 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.
Performance
FNSOX vs. FUMBX - Performance Comparison
Key characteristics
FNSOX:
2.87
FUMBX:
2.69
FNSOX:
4.68
FUMBX:
4.38
FNSOX:
1.63
FUMBX:
1.59
FNSOX:
2.39
FUMBX:
1.62
FNSOX:
11.07
FUMBX:
10.01
FNSOX:
0.63%
FUMBX:
0.68%
FNSOX:
2.42%
FUMBX:
2.53%
FNSOX:
-8.83%
FUMBX:
-9.07%
FNSOX:
-0.10%
FUMBX:
-0.29%
Returns By Period
The year-to-date returns for both investments are quite close, with FNSOX having a 2.32% return and FUMBX slightly higher at 2.39%.
FNSOX
2.32%
0.60%
2.71%
6.97%
1.02%
N/A
FUMBX
2.39%
0.60%
2.71%
6.83%
0.54%
N/A
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FNSOX vs. FUMBX - Expense Ratio Comparison
Both FNSOX and FUMBX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FNSOX vs. FUMBX — Risk-Adjusted Performance Rank
FNSOX
FUMBX
FNSOX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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. FUMBX - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 2.94%, less than FUMBX's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 2.94% | 2.81% | 1.75% | 1.17% | 0.76% | 1.45% | 2.35% | 2.03% | 0.34% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.02% | 2.90% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% |
Drawdowns
FNSOX vs. FUMBX - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.83%, roughly equal to the maximum FUMBX drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for FNSOX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
FNSOX vs. FUMBX - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Index Fund (FNSOX) is 0.95%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 1.10%. This indicates that FNSOX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.