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.
Correlation
The correlation between FVIIX and FGOVX is 0.96, 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.
Performance
FVIIX vs. FGOVX - Performance Comparison
Key characteristics
FVIIX:
0.71
FGOVX:
0.67
FVIIX:
1.05
FGOVX:
1.00
FVIIX:
1.12
FGOVX:
1.12
FVIIX:
0.22
FGOVX:
0.21
FVIIX:
1.59
FGOVX:
1.50
FVIIX:
2.38%
FGOVX:
2.36%
FVIIX:
5.32%
FGOVX:
5.28%
FVIIX:
-20.61%
FGOVX:
-20.53%
FVIIX:
-12.42%
FGOVX:
-12.62%
Returns By Period
In the year-to-date period, FVIIX achieves a 0.70% return, which is significantly higher than FGOVX's 0.33% return. Both investments have delivered pretty close results over the past 10 years, with FVIIX having a 0.42% annualized return and FGOVX not far behind at 0.41%.
FVIIX
0.70%
0.81%
-1.88%
3.45%
-1.51%
0.42%
FGOVX
0.33%
0.56%
-2.23%
3.08%
-1.54%
0.41%
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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.
Dividends
FVIIX vs. FGOVX - Dividend Comparison
FVIIX's dividend yield for the trailing twelve months is around 3.75%, more than FGOVX's 3.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIIX Fidelity Advisor Government Income Fund Class I | 3.75% | 3.72% | 2.51% | 1.57% | 0.73% | 1.06% | 2.07% | 2.03% | 1.76% | 1.59% | 2.37% | 1.84% |
FGOVX Fidelity Government Income Fund | 3.51% | 3.75% | 2.57% | 1.52% | 0.75% | 1.11% | 2.09% | 2.07% | 1.80% | 1.64% | 2.45% | 1.89% |
Drawdowns
FVIIX vs. FGOVX - Drawdown Comparison
The maximum FVIIX drawdown since its inception was -20.61%, roughly equal to the maximum FGOVX drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for FVIIX and FGOVX. For additional features, visit the drawdowns tool.
Volatility
FVIIX vs. FGOVX - Volatility Comparison
The current volatility for Fidelity Advisor Government Income Fund Class I (FVIIX) is 1.28%, while Fidelity Government Income Fund (FGOVX) has a volatility of 1.43%. This indicates that FVIIX experiences smaller price fluctuations and is considered to be less risky than FGOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.