FSHBX vs. VGIT
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Vanguard Intermediate-Term Treasury ETF (VGIT).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHBX or VGIT.
Key characteristics
| FSHBX | VGIT | |
|---|---|---|
| YTD Return | 4.32% | 1.22% |
| 1Y Return | 5.99% | 4.73% |
| 3Y Return (Ann) | 1.78% | -1.87% |
| 5Y Return (Ann) | 1.58% | -0.22% |
| 10Y Return (Ann) | 1.61% | 1.11% |
| Sharpe Ratio | 2.96 | 1.16 |
| Sortino Ratio | 5.10 | 1.72 |
| Omega Ratio | 1.77 | 1.21 |
| Calmar Ratio | 3.41 | 0.44 |
| Martin Ratio | 18.50 | 3.64 |
| Ulcer Index | 0.33% | 1.62% |
| Daily Std Dev | 2.09% | 5.09% |
| Max Drawdown | -6.54% | -16.05% |
| Current Drawdown | -0.70% | -8.80% |
Correlation
The correlation between FSHBX and VGIT is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSHBX vs. VGIT - Performance Comparison
In the year-to-date period, FSHBX achieves a 4.32% return, which is significantly higher than VGIT's 1.22% return. Over the past 10 years, FSHBX has outperformed VGIT with an annualized return of 1.61%, while VGIT has yielded a comparatively lower 1.11% annualized 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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FSHBX vs. VGIT - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than VGIT's 0.04% expense ratio.
Risk-Adjusted Performance
FSHBX vs. VGIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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
FSHBX vs. VGIT - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 4.00%, more than VGIT's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 4.00% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.58% | 2.72% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% | 1.54% | 1.63% |
Drawdowns
FSHBX vs. VGIT - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for FSHBX and VGIT. For additional features, visit the drawdowns tool.
Volatility
FSHBX vs. VGIT - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Fund (FSHBX) is 0.59%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.23%. This indicates that FSHBX experiences smaller price fluctuations and is considered to be less risky than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.