FVIAX vs. MTUM
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVIAX or MTUM.
Correlation
The correlation between FVIAX and MTUM is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FVIAX vs. MTUM - Performance Comparison
Key characteristics
FVIAX:
1.13
MTUM:
0.35
FVIAX:
1.69
MTUM:
0.64
FVIAX:
1.20
MTUM:
1.09
FVIAX:
0.34
MTUM:
0.41
FVIAX:
2.50
MTUM:
1.51
FVIAX:
2.41%
MTUM:
5.65%
FVIAX:
5.33%
MTUM:
24.68%
FVIAX:
-21.37%
MTUM:
-34.08%
FVIAX:
-12.45%
MTUM:
-14.65%
Returns By Period
In the year-to-date period, FVIAX achieves a 2.06% return, which is significantly higher than MTUM's -5.35% return. Over the past 10 years, FVIAX has underperformed MTUM with an annualized return of 0.14%, while MTUM has yielded a comparatively higher 12.03% annualized return.
FVIAX
2.06%
-0.40%
0.30%
6.15%
-2.41%
0.14%
MTUM
-5.35%
-4.32%
-6.11%
10.69%
11.78%
12.03%
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FVIAX vs. MTUM - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Risk-Adjusted Performance
FVIAX vs. MTUM — Risk-Adjusted Performance Rank
FVIAX
MTUM
FVIAX vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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
FVIAX vs. MTUM - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 3.42%, more than MTUM's 0.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIAX Fidelity Advisor Government Income Fund Class A | 3.42% | 3.39% | 2.23% | 1.17% | 0.48% | 0.79% | 1.78% | 1.76% | 1.47% | 1.32% | 2.12% | 1.57% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.98% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% |
Drawdowns
FVIAX vs. MTUM - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -21.37%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for FVIAX and MTUM. For additional features, visit the drawdowns tool.
Volatility
FVIAX vs. MTUM - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class A (FVIAX) is 1.93%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 15.30%. This indicates that FVIAX experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.