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.
Performance
FXNAX vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, FXNAX achieves a 1.62% return, which is significantly higher than TLT's -5.58% return. Over the past 10 years, FXNAX has outperformed TLT with an annualized return of 1.27%, while TLT has yielded a comparatively lower -0.37% annualized return.
FXNAX
1.62%
-0.77%
3.32%
6.17%
-0.52%
1.27%
TLT
-5.58%
-1.81%
1.13%
3.40%
-6.09%
-0.37%
Key characteristics
| FXNAX | TLT | |
|---|---|---|
| Sharpe Ratio | 0.98 | 0.26 |
| Sortino Ratio | 1.47 | 0.46 |
| Omega Ratio | 1.17 | 1.05 |
| Calmar Ratio | 0.38 | 0.09 |
| Martin Ratio | 3.04 | 0.60 |
| Ulcer Index | 1.82% | 6.30% |
| Daily Std Dev | 5.69% | 14.73% |
| Max Drawdown | -19.64% | -48.35% |
| Current Drawdown | -10.08% | -41.17% |
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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%.
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.
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 3.32%, less than TLT's 4.07% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 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 -19.64%, 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 1.45%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.65%. 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.