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.
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.
Performance
FXNAX vs. FUMBX - Performance Comparison
Key characteristics
FXNAX:
0.22
FUMBX:
0.69
FXNAX:
0.35
FUMBX:
0.95
FXNAX:
1.04
FUMBX:
1.14
FXNAX:
0.08
FUMBX:
0.45
FXNAX:
0.62
FUMBX:
2.35
FXNAX:
1.97%
FUMBX:
0.83%
FXNAX:
5.43%
FUMBX:
2.81%
FXNAX:
-19.64%
FUMBX:
-9.07%
FXNAX:
-10.27%
FUMBX:
-2.35%
Returns By Period
In the year-to-date period, FXNAX achieves a 1.41% return, which is significantly lower than FUMBX's 1.95% return.
FXNAX
1.41%
-0.21%
1.31%
1.61%
-0.55%
1.24%
FUMBX
1.95%
-0.88%
1.15%
2.16%
0.60%
N/A
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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%.
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 3.36%, more than FUMBX's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.36% | 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 | 1.74% | 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 1.54% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 1.33%. 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.