FTHRX vs. FSTGX

Last updated Aug 1, 2026

FTHRX (Fidelity Intermediate Bond Fund) and FSTGX (Fidelity Intermediate Government Income Fund) are both mutual funds - FTHRX is a Intermediate Core Bond fund actively managed by Fidelity, while FSTGX is a Government Bonds fund managed by Fidelity. Over the past 10 years, FTHRX returned 1.87%/yr vs 0.94%/yr for FSTGX. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 0.45% expense ratio.

Performance

FTHRX vs. FSTGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Intermediate Bond Fund (FTHRX) and Fidelity Intermediate Government Income Fund (FSTGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTHRX achieves a -0.23% return, which is significantly lower than FSTGX's -0.21% return. Over the past 10 years, FTHRX has outperformed FSTGX with an annualized return of 1.87%, while FSTGX has yielded a comparatively lower 0.94% annualized return.

FTHRX

• 1D: 0.10%
• 1M: -0.59%
• 6M: -0.34%
• YTD: -0.23%
• 1Y: 1.82%
• 3Y*: 4.38%
• 5Y*: 0.81%
• 10Y*: 1.87%
• ALL TIME*: 3.83%

FSTGX

• 1D: 0.00%
• 1M: -0.51%
• 6M: -0.26%
• YTD: -0.21%
• 1Y: 1.47%
• 3Y*: 3.59%
• 5Y*: 0.19%
• 10Y*: 0.94%
• ALL TIME*: 3.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSTGX Fidelity Intermediate Government Income Fund	$0.00	$0.00	$0.00
FTHRX Fidelity Intermediate Bond Fund	$0.00	$0.00	$0.00

FTHRX vs. FSTGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTHRX Fidelity Intermediate Bond Fund	-0.23%	6.89%	3.25%	5.55%	-9.17%	-1.60%	7.06%	7.20%	0.52%	2.31%
FSTGX Fidelity Intermediate Government Income Fund	-0.21%	6.00%	2.24%	3.88%	-8.76%	-2.28%	5.46%	4.84%	1.20%	0.98%

Correlation

The correlation between FTHRX and FSTGX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Apr 29, 1988	0.88

The correlation between FTHRX and FSTGX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

FTHRX vs. FSTGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTHRX

FTHRX Risk / Return Rank: 32
FTHRX Sharpe Ratio Rank: 34
FTHRX Sortino Ratio Rank: 35
FTHRX Omega Ratio Rank: 33
FTHRX Calmar Ratio Rank: 32
FTHRX Martin Ratio Rank: 24

FSTGX

FSTGX Risk / Return Rank: 30
FSTGX Sharpe Ratio Rank: 32
FSTGX Sortino Ratio Rank: 33
FSTGX Omega Ratio Rank: 32
FSTGX Calmar Ratio Rank: 31
FSTGX Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTHRX vs. FSTGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Bond Fund (FTHRX) and Fidelity Intermediate Government Income Fund (FSTGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTHRX	FSTGX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.00	+0.04
Sortino ratio: Return per unit of downside risk	1.57	1.54	+0.03
Omega ratio: Gain probability vs. loss probability	1.19	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.35	1.35	0.00
Martin ratio: Return relative to average drawdown	3.34	3.25	+0.08

FTHRX vs. FSTGX - Sharpe Ratio Comparison

The current FTHRX Sharpe Ratio is 1.04, which is comparable to the FSTGX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FTHRX and FSTGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTHRX vs. FSTGX - Drawdown Comparison

The maximum FTHRX drawdown since its inception was -19.01%, which is greater than FSTGX's maximum drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for FTHRX and FSTGX.

Drawdown Indicators

	FTHRX	FSTGX	Difference
Max Drawdown Largest peak-to-trough decline	-19.01%	-13.66%	-5.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	-1.89%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-2.50%	-2.83%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-13.18%	-12.54%	-0.64%
Max Drawdown (10Y) Largest decline over 10 years	-13.25%	-13.66%	+0.41%
Current Drawdown Current decline from peak	-1.46%	-1.38%	-0.08%
Average Drawdown Average peak-to-trough decline	-3.06%	-1.57%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	0.79%	+0.06%

Volatility

FTHRX vs. FSTGX - Volatility Comparison

Fidelity Intermediate Bond Fund (FTHRX) has a higher volatility of 0.73% compared to Fidelity Intermediate Government Income Fund (FSTGX) at 0.61%. This indicates that FTHRX's price experiences larger fluctuations and is considered to be riskier than FSTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTHRX	FSTGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.61%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.18%	1.98%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	2.74%	2.57%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.04%	4.11%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.40%	3.38%	+0.02%

FTHRX vs. FSTGX - Expense Ratio Comparison

Both FTHRX and FSTGX have an expense ratio of 0.45%.

Dividends

FTHRX vs. FSTGX - Dividend Comparison

FTHRX's dividend yield for the trailing twelve months is around 3.41%, more than FSTGX's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTGX Fidelity Intermediate Government Income Fund	2.92%	3.04%	2.94%	2.12%	0.99%	0.77%	2.65%	1.85%	1.84%	1.47%	1.52%	1.69%
FTHRX Fidelity Intermediate Bond Fund	3.41%	3.59%	3.49%	2.94%	1.55%	1.53%	4.16%	2.49%	2.48%	2.20%	2.63%	2.13%

Frequently Asked Questions

Can I hold both FTHRX and FSTGX in my portfolio?

With a correlation of 0.92, FTHRX and FSTGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTHRX or FSTGX?

FTHRX has higher volatility (0.73%) compared to FSTGX (0.61%). In terms of maximum drawdown, FTHRX dropped -19.01% vs FSTGX's -13.66%.

Which has better risk-adjusted returns?

FTHRX currently has the higher Sharpe Ratio (1.04 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.