FVIAX vs. FUMBX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. 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.
Performance
FVIAX vs. FUMBX - Performance Comparison
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FVIAX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -0.10% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.10% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.47% | -0.33% |
Returns By Period
In the year-to-date period, FVIAX achieves a -0.19% return, which is significantly lower than FUMBX's -0.10% return.
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%
FUMBX
- 1D
- 0.10%
- 1M
- -0.77%
- YTD
- -0.10%
- 6M
- 0.85%
- 1Y
- 3.55%
- 3Y*
- 3.80%
- 5Y*
- 1.31%
- 10Y*
- —
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FVIAX vs. FUMBX - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Return for Risk
FVIAX vs. FUMBX — Risk / Return Rank
FVIAX
FUMBX
FVIAX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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.
| FVIAX | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.55 | -0.83 |
Sortino ratioReturn per unit of downside risk | 1.05 | 2.43 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.33 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.52 | -1.29 |
Martin ratioReturn relative to average drawdown | 3.29 | 8.74 | -5.45 |
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
| FVIAX | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.55 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.45 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.73 | -0.51 |
Correlation
The correlation between FVIAX and FUMBX is 0.82, 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
FVIAX vs. FUMBX - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 2.82%, less than FUMBX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.41% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% | 0.00% | 0.00% |
Drawdowns
FVIAX vs. FUMBX - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -20.79%, which is greater than FUMBX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FVIAX and FUMBX.
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Drawdown Indicators
| FVIAX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -8.83% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -1.54% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -8.60% | -9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.66% | — | — |
Current DrawdownCurrent decline from peak | -8.86% | -1.06% | -7.80% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -1.88% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.44% | +0.64% |
Volatility
FVIAX vs. FUMBX - Volatility Comparison
Fidelity Advisor Government Income Fund Class A (FVIAX) has a higher volatility of 1.51% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.74%. This indicates that FVIAX's price experiences larger fluctuations and is considered to be riskier than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVIAX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 0.74% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 1.37% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 2.32% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 2.89% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 2.49% | +2.55% |