FUMBX vs. FNSOX
Compare and contrast key facts about Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Fidelity Short-Term Bond Index Fund (FNSOX).
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. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMBX or FNSOX.
Performance
FUMBX vs. FNSOX - Performance Comparison
Returns By Period
In the year-to-date period, FUMBX achieves a 2.86% return, which is significantly lower than FNSOX's 3.44% return.
FUMBX
2.86%
-0.40%
2.92%
4.95%
0.77%
N/A
FNSOX
3.44%
-0.41%
3.03%
5.51%
1.09%
N/A
Key characteristics
| FUMBX | FNSOX | |
|---|---|---|
| Sharpe Ratio | 1.79 | 2.04 |
| Sortino Ratio | 2.75 | 3.24 |
| Omega Ratio | 1.37 | 1.42 |
| Calmar Ratio | 0.97 | 1.31 |
| Martin Ratio | 6.67 | 8.58 |
| Ulcer Index | 0.73% | 0.63% |
| Daily Std Dev | 2.70% | 2.64% |
| Max Drawdown | -9.07% | -8.83% |
| Current Drawdown | -1.48% | -1.39% |
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FUMBX vs. FNSOX - Expense Ratio Comparison
Both FUMBX and FNSOX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between FUMBX and FNSOX is 0.87, 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.
Risk-Adjusted Performance
FUMBX vs. FNSOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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. FNSOX - Dividend Comparison
FUMBX's dividend yield for the trailing twelve months is around 2.03%, which matches FNSOX's 2.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.03% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% |
FNSOX Fidelity Short-Term Bond Index Fund | 2.05% | 1.75% | 1.17% | 0.76% | 1.45% | 2.35% | 2.03% | 0.34% |
Drawdowns
FUMBX vs. FNSOX - Drawdown Comparison
The maximum FUMBX drawdown since its inception was -9.07%, roughly equal to the maximum FNSOX drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FUMBX and FNSOX. For additional features, visit the drawdowns tool.
Volatility
FUMBX vs. FNSOX - Volatility Comparison
Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Fidelity Short-Term Bond Index Fund (FNSOX) have volatilities of 0.55% and 0.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.