FUMBX vs. FXNAX
Compare and contrast key facts about Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Fidelity U.S. Bond Index Fund (FXNAX).
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. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUMBX or FXNAX.
Performance
FUMBX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, FUMBX achieves a 2.76% return, which is significantly higher than FXNAX's 1.62% return.
FUMBX
2.76%
-0.50%
3.02%
4.85%
0.75%
N/A
FXNAX
1.62%
-0.77%
3.32%
6.17%
-0.52%
1.27%
Key characteristics
| FUMBX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 1.64 | 0.98 |
| Sortino Ratio | 2.52 | 1.47 |
| Omega Ratio | 1.34 | 1.17 |
| Calmar Ratio | 0.91 | 0.38 |
| Martin Ratio | 6.04 | 3.04 |
| Ulcer Index | 0.73% | 1.82% |
| Daily Std Dev | 2.70% | 5.69% |
| Max Drawdown | -9.07% | -19.64% |
| Current Drawdown | -1.57% | -10.08% |
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FUMBX vs. FXNAX - Expense Ratio Comparison
FUMBX has a 0.03% expense ratio, which is higher than FXNAX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FUMBX and FXNAX is 0.81, 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. FXNAX - 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 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
FUMBX vs. FXNAX - Dividend Comparison
FUMBX's dividend yield for the trailing twelve months is around 2.04%, less than FXNAX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.04% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FUMBX vs. FXNAX - Drawdown Comparison
The maximum FUMBX drawdown since its inception was -9.07%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FUMBX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FUMBX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) is 0.55%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.45%. This indicates that FUMBX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.