FUTBX vs. SGOV
Compare and contrast key facts about Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
FUTBX is managed by Fidelity. It was launched on Mar 1, 2016. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUTBX or SGOV.
Correlation
The correlation between FUTBX and SGOV is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FUTBX vs. SGOV - Performance Comparison
Key characteristics
FUTBX:
0.03
SGOV:
21.81
FUTBX:
0.08
SGOV:
517.57
FUTBX:
1.01
SGOV:
518.57
FUTBX:
0.01
SGOV:
531.16
FUTBX:
0.08
SGOV:
8,431.84
FUTBX:
2.07%
SGOV:
0.00%
FUTBX:
5.22%
SGOV:
0.24%
FUTBX:
-21.39%
SGOV:
-0.03%
FUTBX:
-15.55%
SGOV:
0.00%
Returns By Period
In the year-to-date period, FUTBX achieves a 0.04% return, which is significantly lower than SGOV's 5.16% return.
FUTBX
0.04%
-1.03%
0.18%
-0.01%
-1.43%
N/A
SGOV
5.16%
0.41%
2.58%
5.33%
N/A
N/A
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FUTBX vs. SGOV - Expense Ratio Comparison
Both FUTBX and SGOV have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FUTBX vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
FUTBX's dividend yield for the trailing twelve months is around 2.42%, less than SGOV's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FUTBX Fidelity SAI U.S. Treasury Bond Index Fund | 2.37% | 2.11% | 1.52% | 1.00% | 1.84% | 2.15% | 2.04% | 1.64% | 0.92% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.11% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FUTBX vs. SGOV - Drawdown Comparison
The maximum FUTBX drawdown since its inception was -21.39%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FUTBX and SGOV. For additional features, visit the drawdowns tool.
Volatility
FUTBX vs. SGOV - Volatility Comparison
Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) has a higher volatility of 1.57% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that FUTBX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.