Correlation
The correlation between FVIIX and FGOVX is -0.24. 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.
FVIIX vs. FGOVX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class I (FVIIX) and Fidelity Government Income Fund (FGOVX).
FVIIX is managed by Fidelity. It was launched on Oct 24, 2006. FGOVX is managed by Fidelity. It was launched on Apr 4, 1979.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FVIIX or FGOVX.
Performance
FVIIX vs. FGOVX - Performance Comparison
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Key characteristics
FVIIX:
0.80
FGOVX:
0.78
FVIIX:
1.16
FGOVX:
1.17
FVIIX:
1.13
FGOVX:
1.14
FVIIX:
0.28
FGOVX:
0.29
FVIIX:
1.72
FGOVX:
1.82
FVIIX:
2.42%
FGOVX:
2.37%
FVIIX:
5.36%
FGOVX:
5.48%
FVIIX:
-19.59%
FGOVX:
-19.51%
FVIIX:
-10.68%
FGOVX:
-10.54%
Returns By Period
The year-to-date returns for both investments are quite close, with FVIIX having a 1.40% return and FGOVX slightly higher at 1.42%. Over the past 10 years, FVIIX has underperformed FGOVX with an annualized return of 0.66%, while FGOVX has yielded a comparatively higher 0.70% annualized return.
FVIIX
1.40%
-0.93%
1.32%
4.17%
0.18%
-2.03%
0.66%
FGOVX
1.42%
-0.93%
1.45%
4.31%
0.25%
-2.00%
0.70%
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FVIIX vs. FGOVX - Expense Ratio Comparison
FVIIX has a 0.49% expense ratio, which is higher than FGOVX's 0.45% expense ratio.
Risk-Adjusted Performance
FVIIX vs. FGOVX — Risk-Adjusted Performance Rank
FVIIX
FGOVX
FVIIX vs. FGOVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class I (FVIIX) and Fidelity Government Income Fund (FGOVX). 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.
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Dividends
FVIIX vs. FGOVX - Dividend Comparison
FVIIX's dividend yield for the trailing twelve months is around 3.80%, which matches FGOVX's 3.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIIX Fidelity Advisor Government Income Fund Class I | 3.80% | 3.72% | 2.51% | 1.57% | 0.73% | 2.35% | 2.07% | 2.03% | 1.76% | 2.34% | 2.50% | 1.84% |
FGOVX Fidelity Government Income Fund | 3.83% | 3.75% | 2.56% | 1.51% | 0.76% | 2.39% | 2.10% | 2.07% | 1.80% | 2.39% | 2.57% | 1.89% |
Drawdowns
FVIIX vs. FGOVX - Drawdown Comparison
The maximum FVIIX drawdown since its inception was -19.59%, roughly equal to the maximum FGOVX drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for FVIIX and FGOVX.
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Volatility
FVIIX vs. FGOVX - Volatility Comparison
Fidelity Advisor Government Income Fund Class I (FVIIX) has a higher volatility of 1.55% compared to Fidelity Government Income Fund (FGOVX) at 1.45%. This indicates that FVIIX's price experiences larger fluctuations and is considered to be riskier than FGOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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