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.
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
Key characteristics
FXNAX:
1.09
TLT:
0.08
FXNAX:
1.63
TLT:
0.20
FXNAX:
1.19
TLT:
1.02
FXNAX:
0.43
TLT:
0.02
FXNAX:
2.67
TLT:
0.15
FXNAX:
2.14%
TLT:
7.08%
FXNAX:
5.24%
TLT:
13.95%
FXNAX:
-18.64%
TLT:
-48.35%
FXNAX:
-6.47%
TLT:
-39.36%
Returns By Period
In the year-to-date period, FXNAX achieves a 2.74% return, which is significantly lower than TLT's 5.85% return. Over the past 10 years, FXNAX has outperformed TLT with an annualized return of 1.42%, while TLT has yielded a comparatively lower -1.01% annualized return.
FXNAX
2.74%
-0.00%
-0.73%
5.72%
-0.49%
1.42%
TLT
5.85%
-0.35%
-5.14%
2.98%
-9.09%
-1.01%
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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 Rank
FXNAX
TLT
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 3.10%, less than TLT's 4.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.10% | 3.40% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% |
TLT iShares 20+ Year Treasury Bond ETF | 4.12% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
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 1.35%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.46%. 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.