FUTBX vs. GOVT
Compare and contrast key facts about Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) and iShares U.S. Treasury Bond ETF (GOVT).
FUTBX is managed by Fidelity. It was launched on Mar 1, 2016. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUTBX or GOVT.
Key characteristics
| FUTBX | GOVT | |
|---|---|---|
| YTD Return | 0.86% | 0.77% |
| 1Y Return | 4.91% | 4.98% |
| 3Y Return (Ann) | -2.67% | -2.63% |
| 5Y Return (Ann) | -1.29% | -0.74% |
| Sharpe Ratio | 0.86 | 1.00 |
| Sortino Ratio | 1.29 | 1.46 |
| Omega Ratio | 1.15 | 1.18 |
| Calmar Ratio | 0.25 | 0.33 |
| Martin Ratio | 2.55 | 3.06 |
| Ulcer Index | 1.83% | 1.79% |
| Daily Std Dev | 5.41% | 5.47% |
| Max Drawdown | -21.39% | -19.07% |
| Current Drawdown | -14.86% | -12.33% |
Correlation
The correlation between FUTBX and GOVT is 0.95, 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
FUTBX vs. GOVT - Performance Comparison
In the year-to-date period, FUTBX achieves a 0.86% return, which is significantly higher than GOVT's 0.77% 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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FUTBX vs. GOVT - Expense Ratio Comparison
FUTBX has a 0.03% expense ratio, which is lower than GOVT's 0.15% 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
FUTBX vs. GOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) and iShares U.S. Treasury Bond ETF (GOVT). 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
FUTBX vs. GOVT - Dividend Comparison
FUTBX's dividend yield for the trailing twelve months is around 2.59%, less than GOVT's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | 2.59% | 2.11% | 1.52% | 1.00% | 1.84% | 2.15% | 2.04% | 1.64% | 0.92% | 0.00% | 0.00% | 0.00% |
GOVT iShares U.S. Treasury Bond ETF | 3.14% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% | 0.94% |
Drawdowns
FUTBX vs. GOVT - Drawdown Comparison
The maximum FUTBX drawdown since its inception was -21.39%, which is greater than GOVT's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for FUTBX and GOVT. For additional features, visit the drawdowns tool.
Volatility
FUTBX vs. GOVT - Volatility Comparison
Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) and iShares U.S. Treasury Bond ETF (GOVT) have volatilities of 1.48% and 1.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.