FXNAX vs. FUMBX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FXNAX is managed by Fidelity. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXNAX or FUMBX.
Performance
FXNAX vs. FUMBX - Performance Comparison
Returns By Period
In the year-to-date period, FXNAX achieves a 1.62% return, which is significantly lower than FUMBX's 2.86% return.
FXNAX
1.62%
-0.87%
2.91%
6.17%
-0.52%
1.27%
FUMBX
2.86%
-0.40%
2.92%
4.95%
0.77%
N/A
Key characteristics
| FXNAX | FUMBX | |
|---|---|---|
| Sharpe Ratio | 1.05 | 1.79 |
| Sortino Ratio | 1.57 | 2.75 |
| Omega Ratio | 1.19 | 1.37 |
| Calmar Ratio | 0.40 | 0.97 |
| Martin Ratio | 3.29 | 6.67 |
| Ulcer Index | 1.81% | 0.73% |
| Daily Std Dev | 5.69% | 2.70% |
| Max Drawdown | -19.64% | -9.07% |
| Current Drawdown | -10.08% | -1.48% |
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FXNAX vs. FUMBX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than FUMBX's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FXNAX and FUMBX is 0.81, 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.
Risk-Adjusted Performance
FXNAX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) 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.
Dividends
FXNAX vs. FUMBX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.32%, more than FUMBX's 2.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.03% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXNAX vs. FUMBX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.64%, which is greater than FUMBX's maximum drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for FXNAX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. FUMBX - Volatility Comparison
Fidelity U.S. Bond Index Fund (FXNAX) has a higher volatility of 1.46% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.55%. This indicates that FXNAX'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.