FXNAX vs. TLT
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and iShares 20+ Year Treasury Bond ETF (TLT).
FXNAX is managed by Fidelity. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXNAX or TLT.
Key characteristics
| FXNAX | TLT | |
|---|---|---|
| YTD Return | -3.18% | -9.91% |
| 1Y Return | -0.76% | -11.52% |
| 3Y Return (Ann) | -3.61% | -11.73% |
| 5Y Return (Ann) | -0.18% | -4.37% |
| 10Y Return (Ann) | 1.13% | -0.04% |
| Sharpe Ratio | -0.31 | -0.82 |
| Daily Std Dev | 6.74% | 17.09% |
| Max Drawdown | -18.64% | -48.35% |
| Current Drawdown | -13.27% | -43.86% |
Correlation
The correlation between FXNAX and TLT is 0.88, 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. TLT - Performance Comparison
In the year-to-date period, FXNAX achieves a -3.18% return, which is significantly higher than TLT's -9.91% return. Over the past 10 years, FXNAX has outperformed TLT with an annualized return of 1.13%, while TLT has yielded a comparatively lower -0.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FXNAX vs. TLT - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than TLT's 0.15% 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. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 2.92%, less than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 2.92% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
FXNAX vs. TLT - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -18.64%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FXNAX and TLT. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. TLT - Volatility Comparison
The current volatility for Fidelity U.S. Bond Index Fund (FXNAX) is 1.74%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.98%. This indicates that FXNAX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.