FUMBX vs. ISTB
Compare and contrast key facts about Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and iShares Core 1-5 Year USD Bond ETF (ISTB).
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. ISTB is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Government/Credit 1-5 Year Bond Index. It was launched on Oct 18, 2012. Both FUMBX and ISTB 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 ISTB.
Key characteristics
| FUMBX | ISTB | |
|---|---|---|
| YTD Return | 4.21% | 4.85% |
| 1Y Return | 7.59% | 8.66% |
| 3Y Return (Ann) | 0.58% | 0.99% |
| 5Y Return (Ann) | 1.25% | 1.76% |
| Sharpe Ratio | 2.74 | 2.99 |
| Daily Std Dev | 2.79% | 2.85% |
| Max Drawdown | -8.41% | -9.34% |
| Current Drawdown | -0.19% | -0.14% |
Correlation
The correlation between FUMBX and ISTB is 0.77, 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. ISTB - Performance Comparison
In the year-to-date period, FUMBX achieves a 4.21% return, which is significantly lower than ISTB's 4.85% return. 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. ISTB - Expense Ratio Comparison
FUMBX has a 0.03% expense ratio, which is lower than ISTB's 0.06% 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. ISTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and iShares Core 1-5 Year USD Bond ETF (ISTB). 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. ISTB - Dividend Comparison
FUMBX's dividend yield for the trailing twelve months is around 1.92%, less than ISTB's 3.55% 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% |
ISTB iShares Core 1-5 Year USD Bond ETF | 3.55% | 2.97% | 2.01% | 1.69% | 2.20% | 2.75% | 2.57% | 2.06% | 1.90% | 1.58% | 1.07% | 0.60% |
Drawdowns
FUMBX vs. ISTB - Drawdown Comparison
The maximum FUMBX drawdown since its inception was -8.41%, smaller than the maximum ISTB drawdown of -9.34%. Use the drawdown chart below to compare losses from any high point for FUMBX and ISTB. For additional features, visit the drawdowns tool.
Volatility
FUMBX vs. ISTB - Volatility Comparison
Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a higher volatility of 0.64% compared to iShares Core 1-5 Year USD Bond ETF (ISTB) at 0.59%. This indicates that FUMBX's price experiences larger fluctuations and is considered to be riskier than ISTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.