FVIAX vs. VPMCX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and Vanguard PRIMECAP Fund Investor Shares (VPMCX).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. VPMCX is managed by Vanguard. It was launched on Nov 1, 1984.
Performance
FVIAX vs. VPMCX - Performance Comparison
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FVIAX vs. VPMCX - 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% | 1.78% |
VPMCX Vanguard PRIMECAP Fund Investor Shares | -2.77% | 29.60% | 13.23% | 28.16% | -15.22% | 21.64% | 17.16% | 27.78% | -1.99% | 28.17% |
Returns By Period
In the year-to-date period, FVIAX achieves a -0.19% return, which is significantly higher than VPMCX's -2.77% return. Over the past 10 years, FVIAX has underperformed VPMCX with an annualized return of 0.48%, while VPMCX has yielded a comparatively higher 14.83% annualized 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%
VPMCX
- 1D
- 3.30%
- 1M
- -6.81%
- YTD
- -2.77%
- 6M
- 4.59%
- 1Y
- 27.81%
- 3Y*
- 19.58%
- 5Y*
- 11.12%
- 10Y*
- 14.83%
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FVIAX vs. VPMCX - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is higher than VPMCX's 0.38% expense ratio.
Return for Risk
FVIAX vs. VPMCX — Risk / Return Rank
FVIAX
VPMCX
FVIAX vs. VPMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) and Vanguard PRIMECAP Fund Investor Shares (VPMCX). 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 | VPMCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.32 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.91 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.01 | -0.77 |
Martin ratioReturn relative to average drawdown | 3.29 | 8.61 | -5.32 |
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 | VPMCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.32 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.62 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.78 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.77 | -0.56 |
Correlation
The correlation between FVIAX and VPMCX is -0.07. 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.
Dividends
FVIAX vs. VPMCX - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 2.82%, less than VPMCX's 16.82% 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% |
VPMCX Vanguard PRIMECAP Fund Investor Shares | 16.82% | 16.36% | 6.62% | 7.16% | 9.85% | 10.08% | 9.74% | 7.15% | 8.32% | 4.53% | 5.05% | 5.91% |
Drawdowns
FVIAX vs. VPMCX - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -20.79%, smaller than the maximum VPMCX drawdown of -50.45%. Use the drawdown chart below to compare losses from any high point for FVIAX and VPMCX.
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Drawdown Indicators
| FVIAX | VPMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.79% | -50.45% | +29.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -13.75% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -25.25% | +6.68% |
Max Drawdown (10Y)Largest decline over 10 years | -20.66% | -32.65% | +11.99% |
Current DrawdownCurrent decline from peak | -8.86% | -8.82% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -7.06% | -7.43% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.21% | -2.13% |
Volatility
FVIAX vs. VPMCX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class A (FVIAX) is 1.51%, while Vanguard PRIMECAP Fund Investor Shares (VPMCX) has a volatility of 6.72%. This indicates that FVIAX experiences smaller price fluctuations and is considered to be less risky than VPMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVIAX | VPMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 6.72% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 12.16% | -9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 20.76% | -16.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 18.01% | -11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 19.06% | -14.02% |