FTLTX vs. PEDIX
FTLTX (Fidelity Series Long-Term Treasury Bond Index Fund) and PEDIX (PIMCO Extended Duration Fund) are both Government Bonds funds. Over the past 5 years, FTLTX returned -7.36%/yr vs -12.57%/yr for PEDIX. Their 0.98 correlation means they have historically moved very closely together. FTLTX charges 0.00%/yr vs 0.50%/yr for PEDIX.
Performance
FTLTX vs. PEDIX - Performance Comparison
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Returns By Period
In the year-to-date period, FTLTX achieves a -3.32% return, which is significantly higher than PEDIX's -6.01% return.
FTLTX
- 1D
- 0.39%
- 1M
- -3.58%
- 6M
- -3.11%
- YTD
- -3.32%
- 1Y
- -1.95%
- 3Y*
- -0.06%
- 5Y*
- -7.36%
- 10Y*
- —
- ALL TIME*
- -0.66%
PEDIX
- 1D
- 0.69%
- 1M
- -6.42%
- 6M
- -6.06%
- YTD
- -6.01%
- 1Y
- -5.13%
- 3Y*
- -3.65%
- 5Y*
- -12.57%
- 10Y*
- -4.15%
- ALL TIME*
- 3.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FTLTX vs. PEDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | -3.32% | 5.45% | -6.13% | 3.27% | -29.89% | -5.13% | 17.45% | 14.23% | -1.63% | 8.22% |
PEDIX PIMCO Extended Duration Fund | -6.01% | 3.01% | -12.61% | 2.71% | -40.33% | -5.54% | 24.68% | 18.66% | -4.01% | 13.85% |
Correlation
The correlation between FTLTX and PEDIX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.98 |
The correlation between FTLTX and PEDIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FTLTX vs. PEDIX — Risk / Return Rank
FTLTX
PEDIX
FTLTX vs. PEDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) and PIMCO Extended Duration Fund (PEDIX). 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.
| FTLTX | PEDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.96 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.37 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.48 | -0.80 | +0.32 |
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Drawdowns
FTLTX vs. PEDIX - Drawdown Comparison
The maximum FTLTX drawdown since its inception was -46.86%, smaller than the maximum PEDIX drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for FTLTX and PEDIX.
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Drawdown Indicators
| FTLTX | PEDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.86% | -60.38% | +13.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.38% | -13.23% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -22.63% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -41.52% | -56.15% | +14.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.38% | — |
Current DrawdownCurrent decline from peak | -39.15% | -55.85% | +16.70% |
Average DrawdownAverage peak-to-trough decline | -20.29% | -21.46% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 6.07% | -2.79% |
Volatility
FTLTX vs. PEDIX - Volatility Comparison
The current volatility for Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) is 2.42%, while PIMCO Extended Duration Fund (PEDIX) has a volatility of 4.06%. This indicates that FTLTX experiences smaller price fluctuations and is considered to be less risky than PEDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTLTX | PEDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 4.06% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 11.04% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 14.65% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 22.05% | -7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.79% | 20.48% | -6.69% |
FTLTX vs. PEDIX - Expense Ratio Comparison
FTLTX has a 0.00% expense ratio, which is lower than PEDIX's 0.50% expense ratio.
Dividends
FTLTX vs. PEDIX - Dividend Comparison
FTLTX's dividend yield for the trailing twelve months is around 3.76%, less than PEDIX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | 3.76% | 3.83% | 3.71% | 3.17% | 2.20% | 2.06% | 12.95% | 10.68% | 2.89% | 2.44% | 0.00% | 0.00% |
PEDIX PIMCO Extended Duration Fund | 3.86% | 3.41% | 1.86% | 4.59% | 3.02% | 27.69% | 22.31% | 2.35% | 3.91% | 4.00% | 8.05% | 4.96% |
Frequently Asked Questions
With a correlation of 0.97, FTLTX and PEDIX 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.
PEDIX has higher volatility (4.06%) compared to FTLTX (2.42%). In terms of maximum drawdown, FTLTX dropped -46.86% vs PEDIX's -60.38%.
FTLTX currently has the higher Sharpe Ratio (-0.19 vs -0.33), 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.
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