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 0.87, 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
Key characteristics
FNSOX:
0.92
FUMBX:
0.69
FNSOX:
1.28
FUMBX:
0.95
FNSOX:
1.18
FUMBX:
1.14
FNSOX:
0.82
FUMBX:
0.45
FNSOX:
3.43
FUMBX:
2.35
FNSOX:
0.73%
FUMBX:
0.83%
FNSOX:
2.71%
FUMBX:
2.81%
FNSOX:
-8.83%
FUMBX:
-9.07%
FNSOX:
-2.19%
FUMBX:
-2.35%
Returns By Period
In the year-to-date period, FNSOX achieves a 2.60% return, which is significantly higher than FUMBX's 1.95% return.
FNSOX
2.60%
-0.81%
1.41%
2.71%
0.95%
N/A
FUMBX
1.95%
-0.88%
1.15%
2.16%
0.60%
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 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 1.74%, which matches FUMBX's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 1.74% | 1.75% | 1.17% | 0.76% | 1.45% | 2.35% | 2.03% | 0.34% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 1.74% | 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 1.25%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 1.33%. 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.