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.
Key characteristics
| FNSOX | FUMBX | |
|---|---|---|
| YTD Return | 3.43% | 2.98% |
| 1Y Return | 6.72% | 6.03% |
| 3Y Return (Ann) | 0.73% | 0.40% |
| 5Y Return (Ann) | 1.20% | 0.89% |
| Sharpe Ratio | 2.15 | 1.92 |
| Sortino Ratio | 3.45 | 2.97 |
| Omega Ratio | 1.46 | 1.41 |
| Calmar Ratio | 1.24 | 1.00 |
| Martin Ratio | 10.75 | 8.28 |
| Ulcer Index | 0.54% | 0.64% |
| Daily Std Dev | 2.73% | 2.78% |
| Max Drawdown | -8.45% | -8.40% |
| Current Drawdown | -1.39% | -1.37% |
Correlation
The correlation between FNSOX and FUMBX is 0.87, 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
FNSOX vs. FUMBX - Performance Comparison
In the year-to-date period, FNSOX achieves a 3.43% return, which is significantly higher than FUMBX's 2.98% 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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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 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 1.84%, which matches FUMBX's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 1.84% | 1.74% | 1.16% | 0.93% | 1.93% | 2.61% | 2.02% | 0.34% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 1.85% | 1.64% | 1.11% | 1.29% | 1.59% | 1.89% | 1.64% | 0.35% |
Drawdowns
FNSOX vs. FUMBX - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.45%, roughly equal to the maximum FUMBX drawdown of -8.40%. 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
Fidelity Short-Term Bond Index Fund (FNSOX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX) have volatilities of 0.62% and 0.65%, 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.