FUMBX vs. NVDA

Last updated Jul 21, 2026

FUMBX (Fidelity Short-Term Treasury Bond Index Fund) is Short-Term Bond fund tracking the Bloomberg U.S. 1-5 Year Treasury Bond Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 5 years, FUMBX returned 1.35%/yr vs 60.07%/yr for NVDA. At a correlation of -0.08, they often move in opposite directions.

Performance

FUMBX vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUMBX achieves a 0.35% return, which is significantly lower than NVDA's 9.13% return.

FUMBX

• 1D: 0.00%
• 1M: 0.36%
• 6M: 0.64%
• YTD: 0.35%
• 1Y: 3.02%
• 3Y*: 4.11%
• 5Y*: 1.35%
• 10Y*: —
• ALL TIME*: 1.79%

NVDA

• 1D: 0.23%
• 1M: -3.52%
• 6M: 9.29%
• YTD: 9.13%
• 1Y: 18.06%
• 3Y*: 66.27%
• 5Y*: 60.07%
• 10Y*: 65.23%
• ALL TIME*: 36.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FUMBX vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUMBX Fidelity Short-Term Treasury Bond Index Fund	0.35%	5.83%	3.25%	4.47%	-5.84%	-1.38%	4.22%	4.19%	1.47%	-0.33%
NVDA NVIDIA Corporation	9.13%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	-2.00%

Correlation

The correlation between FUMBX and NVDA is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017	-0.08

Return for Risk

FUMBX vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUMBX

FUMBX Risk / Return Rank: 47
FUMBX Sharpe Ratio Rank: 46
FUMBX Sortino Ratio Rank: 57
FUMBX Omega Ratio Rank: 59
FUMBX Calmar Ratio Rank: 42
FUMBX Martin Ratio Rank: 31

NVDA

NVDA Risk / Return Rank: 61
NVDA Sharpe Ratio Rank: 63
NVDA Sortino Ratio Rank: 58
NVDA Omega Ratio Rank: 56
NVDA Calmar Ratio Rank: 65
NVDA Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FUMBX vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and NVIDIA Corporation (NVDA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FUMBX	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.51	+1.04
Sortino ratio: Return per unit of downside risk	2.39	0.95	+1.45
Omega ratio: Gain probability vs. loss probability	1.32	1.11	+0.21
Calmar ratio: Return relative to maximum drawdown	2.04	0.90	+1.14
Martin ratio: Return relative to average drawdown	5.75	1.90	+3.85

FUMBX vs. NVDA - Sharpe Ratio Comparison

The current FUMBX Sharpe Ratio is 1.54, which is higher than the NVDA Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of FUMBX and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUMBX vs. NVDA - Drawdown Comparison

The maximum FUMBX drawdown since its inception was -8.83%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for FUMBX and NVDA.

Drawdown Indicators

	FUMBX	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-8.83%	-89.72%	+80.89%
Max Drawdown (1Y) Largest decline over 1 year	-1.54%	-20.21%	+18.67%
Max Drawdown (3Y) Largest decline over 3 years	-1.57%	-36.88%	+35.31%
Max Drawdown (5Y) Largest decline over 5 years	-8.60%	-66.34%	+57.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-0.61%	-13.67%	+13.06%
Average Drawdown Average peak-to-trough decline	-1.84%	-36.10%	+34.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	9.50%	-8.96%

Volatility

FUMBX vs. NVDA - Volatility Comparison

The current volatility for Fidelity Short-Term Treasury Bond Index Fund (FUMBX) is 0.62%, while NVIDIA Corporation (NVDA) has a volatility of 10.95%. This indicates that FUMBX experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUMBX	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	10.95%	-10.33%
Volatility (6M) Calculated over the trailing 6-month period	1.59%	27.74%	-26.15%
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	35.88%	-33.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.93%	51.81%	-48.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.48%	49.92%	-47.44%

Dividends

FUMBX vs. NVDA - Dividend Comparison

FUMBX's dividend yield for the trailing twelve months is around 3.79%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUMBX Fidelity Short-Term Treasury Bond Index Fund	3.79%	3.51%	2.91%	1.64%	0.86%	1.15%	1.41%	1.88%	1.64%	0.34%	0.00%	0.00%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both FUMBX and NVDA in my portfolio?

FUMBX and NVDA have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUMBX or NVDA?

NVDA has higher volatility (10.95%) compared to FUMBX (0.62%). In terms of maximum drawdown, FUMBX dropped -8.83% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

FUMBX currently has the higher Sharpe Ratio (1.54 vs 0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.