FUMBX vs. BSV
Compare and contrast key facts about Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Vanguard Short-Term Bond ETF (BSV).
FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both FUMBX and BSV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMBX or BSV.
Key characteristics
| FUMBX | BSV | |
|---|---|---|
| YTD Return | 4.21% | 4.40% |
| 1Y Return | 7.59% | 8.03% |
| 3Y Return (Ann) | 0.58% | 0.85% |
| 5Y Return (Ann) | 1.25% | 1.55% |
| Sharpe Ratio | 2.74 | 2.91 |
| Daily Std Dev | 2.79% | 2.71% |
| Max Drawdown | -8.41% | -8.54% |
| Current Drawdown | -0.19% | -0.19% |
Correlation
The correlation between FUMBX and BSV is 0.85, 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
FUMBX vs. BSV - Performance Comparison
The year-to-date returns for both investments are quite close, with FUMBX having a 4.21% return and BSV slightly higher at 4.40%. 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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FUMBX vs. BSV - Expense Ratio Comparison
FUMBX has a 0.03% expense ratio, which is lower than BSV's 0.04% 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
FUMBX vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Vanguard Short-Term Bond ETF (BSV). 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
FUMBX vs. BSV - Dividend Comparison
FUMBX's dividend yield for the trailing twelve months is around 1.92%, less than BSV's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 1.92% | 1.64% | 1.11% | 1.29% | 1.59% | 1.89% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.08% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% | 1.45% | 1.48% |
Drawdowns
FUMBX vs. BSV - Drawdown Comparison
The maximum FUMBX drawdown since its inception was -8.41%, roughly equal to the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for FUMBX and BSV. For additional features, visit the drawdowns tool.
Volatility
FUMBX vs. BSV - Volatility Comparison
Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a higher volatility of 0.64% compared to Vanguard Short-Term Bond ETF (BSV) at 0.56%. This indicates that FUMBX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.