FUTBX vs. FVIAX
Compare and contrast key facts about Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) and Fidelity Advisor Government Income Fund Class A (FVIAX).
FUTBX is managed by Fidelity. It was launched on Mar 1, 2016. FVIAX is managed by Fidelity. It was launched on Oct 24, 2006.
Performance
FUTBX vs. FVIAX - Performance Comparison
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FUTBX vs. FVIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | -0.12% | 6.12% | 0.70% | 4.19% | -13.00% | -2.54% | 7.76% | 7.30% | 0.95% | 2.28% |
FVIAX Fidelity Advisor Government Income Fund Class A | -0.19% | 6.20% | -0.18% | 3.64% | -13.30% | -2.54% | 6.45% | 6.06% | 0.39% | 1.78% |
Returns By Period
In the year-to-date period, FUTBX achieves a -0.12% return, which is significantly higher than FVIAX's -0.19% return.
FUTBX
- 1D
- 0.11%
- 1M
- -1.57%
- YTD
- -0.12%
- 6M
- 0.39%
- 1Y
- 2.74%
- 3Y*
- 2.50%
- 5Y*
- -0.35%
- 10Y*
- —
FVIAX
- 1D
- 0.00%
- 1M
- -1.60%
- YTD
- -0.19%
- 6M
- 0.41%
- 1Y
- 2.74%
- 3Y*
- 2.11%
- 5Y*
- -0.84%
- 10Y*
- 0.48%
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FUTBX vs. FVIAX - Expense Ratio Comparison
FUTBX has a 0.03% expense ratio, which is lower than FVIAX's 0.77% expense ratio.
Return for Risk
FUTBX vs. FVIAX — Risk / Return Rank
FUTBX
FVIAX
FUTBX vs. FVIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) and Fidelity Advisor Government Income Fund Class A (FVIAX). 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.
| FUTBX | FVIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.72 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.05 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.24 | +0.24 |
Martin ratioReturn relative to average drawdown | 3.72 | 3.29 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUTBX | FVIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.72 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.14 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.22 | +0.03 |
Correlation
The correlation between FUTBX and FVIAX is 0.96, 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.
Dividends
FUTBX vs. FVIAX - Dividend Comparison
FUTBX's dividend yield for the trailing twelve months is around 3.30%, more than FVIAX's 2.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | 3.30% | 3.43% | 2.90% | 2.12% | 1.12% | 0.86% | 4.54% | 2.75% | 2.05% | 1.65% | 0.00% | 0.00% |
FVIAX Fidelity Advisor Government Income Fund Class A | 2.82% | 3.03% | 2.93% | 2.03% | 0.86% | 0.39% | 2.07% | 1.77% | 1.75% | 1.47% | 2.34% | 1.96% |
Drawdowns
FUTBX vs. FVIAX - Drawdown Comparison
The maximum FUTBX drawdown since its inception was -19.69%, smaller than the maximum FVIAX drawdown of -20.79%. Use the drawdown chart below to compare losses from any high point for FUTBX and FVIAX.
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Drawdown Indicators
| FUTBX | FVIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -20.79% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.88% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -18.57% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.66% | — |
Current DrawdownCurrent decline from peak | -7.79% | -8.86% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -7.06% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.08% | 0.00% |
Volatility
FUTBX vs. FVIAX - Volatility Comparison
The current volatility for Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) is 1.43%, while Fidelity Advisor Government Income Fund Class A (FVIAX) has a volatility of 1.51%. This indicates that FUTBX experiences smaller price fluctuations and is considered to be less risky than FVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTBX | FVIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.51% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.57% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 4.31% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 6.09% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 5.04% | +0.13% |