FTLTX vs. FXNAX
Compare and contrast key facts about Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) and Fidelity U.S. Bond Index Fund (FXNAX).
FTLTX is managed by Fidelity. It was launched on Jul 7, 2016. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTLTX or FXNAX.
Correlation
The correlation between FTLTX and FXNAX is 0.91, 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
FTLTX vs. FXNAX - Performance Comparison
Key characteristics
FTLTX:
-0.44
FXNAX:
0.13
FTLTX:
-0.53
FXNAX:
0.23
FTLTX:
0.94
FXNAX:
1.03
FTLTX:
-0.12
FXNAX:
0.05
FTLTX:
-0.97
FXNAX:
0.37
FTLTX:
5.92%
FXNAX:
1.96%
FTLTX:
13.04%
FXNAX:
5.44%
FTLTX:
-51.27%
FXNAX:
-19.64%
FTLTX:
-45.28%
FXNAX:
-10.44%
Returns By Period
In the year-to-date period, FTLTX achieves a -5.90% return, which is significantly lower than FXNAX's 1.21% return.
FTLTX
-5.90%
-2.38%
-3.41%
-6.54%
-7.27%
N/A
FXNAX
1.21%
-0.59%
1.11%
1.31%
-0.59%
1.18%
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FTLTX vs. FXNAX - Expense Ratio Comparison
FTLTX has a 0.00% expense ratio, which is lower than FXNAX's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FTLTX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
FTLTX vs. FXNAX - Dividend Comparison
FTLTX's dividend yield for the trailing twelve months is around 3.36%, which matches FXNAX's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | 3.36% | 3.17% | 2.94% | 2.00% | 2.26% | 2.79% | 2.89% | 2.44% | 1.05% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.37% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FTLTX vs. FXNAX - Drawdown Comparison
The maximum FTLTX drawdown since its inception was -51.27%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FTLTX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FTLTX vs. FXNAX - Volatility Comparison
Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) has a higher volatility of 3.89% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.52%. This indicates that FTLTX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.