FUMBX vs. VGSH
Compare and contrast key facts about Fidelity Short-Term Treasury Bond Index Fund (FUMBX) and Vanguard Short-Term Treasury ETF (VGSH).
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. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both FUMBX and VGSH 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 VGSH.
Performance
FUMBX vs. VGSH - Performance Comparison
Returns By Period
In the year-to-date period, FUMBX achieves a 2.76% return, which is significantly lower than VGSH's 3.35% return.
FUMBX
2.76%
-0.50%
3.02%
4.85%
0.75%
N/A
VGSH
3.35%
-0.18%
2.94%
4.95%
1.26%
1.26%
Key characteristics
| FUMBX | VGSH | |
|---|---|---|
| Sharpe Ratio | 1.64 | 2.65 |
| Sortino Ratio | 2.52 | 4.24 |
| Omega Ratio | 1.34 | 1.56 |
| Calmar Ratio | 0.91 | 2.41 |
| Martin Ratio | 6.04 | 13.15 |
| Ulcer Index | 0.73% | 0.38% |
| Daily Std Dev | 2.70% | 1.87% |
| Max Drawdown | -9.07% | -5.70% |
| Current Drawdown | -1.57% | -0.85% |
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FUMBX vs. VGSH - Expense Ratio Comparison
FUMBX has a 0.03% expense ratio, which is lower than VGSH'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%.
Correlation
The correlation between FUMBX and VGSH 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.
Risk-Adjusted Performance
FUMBX vs. VGSH - 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 Treasury ETF (VGSH). 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. VGSH - Dividend Comparison
FUMBX's dividend yield for the trailing twelve months is around 2.04%, less than VGSH's 4.15% 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% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
FUMBX vs. VGSH - Drawdown Comparison
The maximum FUMBX drawdown since its inception was -9.07%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for FUMBX and VGSH. For additional features, visit the drawdowns tool.
Volatility
FUMBX vs. VGSH - Volatility Comparison
Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a higher volatility of 0.55% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.41%. This indicates that FUMBX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.