FUTBX vs. GGIFX
FUTBX (Fidelity SAI U.S. Treasury Bond Index Fund) and GGIFX (Victory INCORE Fund for Income) are both Government Bonds funds. Over the past 5 years, FUTBX returned -1.07%/yr vs 1.09%/yr for GGIFX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FUTBX charges 0.03%/yr vs 0.91%/yr for GGIFX.
Performance
FUTBX vs. GGIFX - Performance Comparison
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Returns By Period
In the year-to-date period, FUTBX achieves a -0.94% return, which is significantly lower than GGIFX's 0.31% return.
FUTBX
- 1D
- -0.23%
- 1M
- -1.26%
- 6M
- -0.85%
- YTD
- -0.94%
- 1Y
- 0.79%
- 3Y*
- 3.00%
- 5Y*
- -1.07%
- 10Y*
- —
- ALL TIME*
- 1.16%
GGIFX
- 1D
- -0.15%
- 1M
- -0.23%
- 6M
- 0.13%
- YTD
- 0.31%
- 1Y
- 2.00%
- 3Y*
- 3.74%
- 5Y*
- 1.09%
- 10Y*
- 1.11%
- ALL TIME*
- 3.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FUTBX vs. GGIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | -0.94% | 6.12% | 0.70% | 4.19% | -13.00% | -2.54% | 7.76% | 7.30% | 0.95% | 2.28% |
GGIFX Victory INCORE Fund for Income | 0.31% | 4.28% | 4.04% | 4.01% | -5.47% | -1.74% | 2.78% | 3.85% | 0.96% | 0.40% |
Correlation
The correlation between FUTBX and GGIFX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.69 |
The correlation between FUTBX and GGIFX has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
FUTBX vs. GGIFX — Risk / Return Rank
FUTBX
GGIFX
FUTBX vs. GGIFX - 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 Victory INCORE Fund for Income (GGIFX). 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.
| FUTBX | GGIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.54 | -1.98 |
| Martin ratioReturn relative to average drawdown | 1.31 | 8.50 | -7.19 |
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Drawdowns
FUTBX vs. GGIFX - Drawdown Comparison
The maximum FUTBX drawdown since its inception was -19.69%, which is greater than GGIFX's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for FUTBX and GGIFX.
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Drawdown Indicators
| FUTBX | GGIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.69% | -9.08% | -10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -1.03% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -1.03% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -16.87% | -8.21% | -8.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.08% | — |
Current DrawdownCurrent decline from peak | -8.55% | -0.49% | -8.06% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -1.16% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 0.31% | +1.00% |
Volatility
FUTBX vs. GGIFX - Volatility Comparison
Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) has a higher volatility of 0.92% compared to Victory INCORE Fund for Income (GGIFX) at 0.53%. This indicates that FUTBX's price experiences larger fluctuations and is considered to be riskier than GGIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTBX | GGIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.53% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 1.42% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 1.81% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 2.55% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 2.26% | +2.87% |
FUTBX vs. GGIFX - Expense Ratio Comparison
FUTBX has a 0.03% expense ratio, which is lower than GGIFX's 0.91% expense ratio.
Dividends
FUTBX vs. GGIFX - Dividend Comparison
FUTBX's dividend yield for the trailing twelve months is around 3.50%, less than GGIFX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | 3.50% | 3.43% | 2.90% | 2.12% | 1.12% | 0.86% | 4.54% | 2.75% | 2.05% | 1.65% | 0.00% | 0.00% |
GGIFX Victory INCORE Fund for Income | 4.88% | 4.21% | 5.33% | 5.39% | 5.40% | 4.99% | 4.61% | 5.13% | 5.59% | 5.21% | 5.22% | 5.07% |
Frequently Asked Questions
FUTBX and GGIFX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTBX has higher volatility (0.92%) compared to GGIFX (0.53%). In terms of maximum drawdown, FUTBX dropped -19.69% vs GGIFX's -9.08%.
GGIFX currently has the higher Sharpe Ratio (1.45 vs 0.46), 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.
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