FTLTX vs. VTBIX
Compare and contrast key facts about Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) and Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX).
FTLTX is managed by Fidelity. It was launched on Jul 7, 2016. VTBIX is managed by Vanguard.
Performance
FTLTX vs. VTBIX - Performance Comparison
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FTLTX vs. VTBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | -0.32% | 5.45% | -6.13% | 3.27% | -29.89% | -5.13% | 17.45% | 14.23% | -1.63% | 8.22% |
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | -0.61% | 7.11% | 1.25% | 5.03% | -13.18% | -1.88% | 7.47% | 8.62% | -0.32% | 3.53% |
Returns By Period
In the year-to-date period, FTLTX achieves a -0.32% return, which is significantly higher than VTBIX's -0.61% return.
FTLTX
- 1D
- 1.33%
- 1M
- -4.13%
- YTD
- -0.32%
- 6M
- -0.65%
- 1Y
- 0.19%
- 3Y*
- -1.54%
- 5Y*
- -4.72%
- 10Y*
- —
VTBIX
- 1D
- 0.42%
- 1M
- -2.26%
- YTD
- -0.61%
- 6M
- 0.37%
- 1Y
- 3.55%
- 3Y*
- 3.14%
- 5Y*
- 0.05%
- 10Y*
- 1.45%
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FTLTX vs. VTBIX - Expense Ratio Comparison
FTLTX has a 0.00% expense ratio, which is lower than VTBIX's 0.09% 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%.
Return for Risk
FTLTX vs. VTBIX — Risk / Return Rank
FTLTX
VTBIX
FTLTX vs. VTBIX - 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 Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX). 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.
| FTLTX | VTBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.96 | -0.83 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.39 | -1.14 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.75 | -1.43 |
Martin ratioReturn relative to average drawdown | 0.70 | 4.93 | -4.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTLTX | VTBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.96 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.01 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.26 | -0.28 |
Correlation
The correlation between FTLTX and VTBIX 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.
Dividends
FTLTX vs. VTBIX - Dividend Comparison
FTLTX's dividend yield for the trailing twelve months is around 3.55%, less than VTBIX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | 3.55% | 3.83% | 3.71% | 3.17% | 2.20% | 2.06% | 12.95% | 10.68% | 2.89% | 2.44% | 0.00% | 0.00% |
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | 3.62% | 3.88% | 3.70% | 2.53% | 2.47% | 1.75% | 3.20% | 2.72% | 2.51% | 2.43% | 2.48% | 2.64% |
Drawdowns
FTLTX vs. VTBIX - Drawdown Comparison
The maximum FTLTX drawdown since its inception was -46.86%, which is greater than VTBIX's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for FTLTX and VTBIX.
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Drawdown Indicators
| FTLTX | VTBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.86% | -18.72% | -28.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -2.67% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -41.52% | -18.11% | -23.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.72% | — |
Current DrawdownCurrent decline from peak | -37.26% | -3.87% | -33.39% |
Average DrawdownAverage peak-to-trough decline | -19.66% | -4.43% | -15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 0.95% | +2.98% |
Volatility
FTLTX vs. VTBIX - Volatility Comparison
Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) has a higher volatility of 3.70% compared to Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) at 1.52%. This indicates that FTLTX's price experiences larger fluctuations and is considered to be riskier than VTBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTLTX | VTBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 1.52% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 2.54% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 4.31% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 5.91% | +8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 4.91% | +9.05% |