GGIFX vs. FUMBX
Compare and contrast key facts about Victory INCORE Fund for Income (GGIFX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
GGIFX is managed by Victory. It was launched on Sep 15, 1987. 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.
Performance
GGIFX vs. FUMBX - Performance Comparison
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GGIFX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGIFX Victory INCORE Fund for Income | 0.21% | 4.28% | 4.04% | 4.01% | -5.47% | -1.74% | 2.78% | 3.85% | 0.96% | -0.34% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.10% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.47% | -0.33% |
Returns By Period
In the year-to-date period, GGIFX achieves a 0.21% return, which is significantly higher than FUMBX's -0.10% return.
GGIFX
- 1D
- 0.15%
- 1M
- -0.44%
- YTD
- 0.21%
- 6M
- 0.99%
- 1Y
- 3.39%
- 3Y*
- 3.66%
- 5Y*
- 1.01%
- 10Y*
- 1.16%
FUMBX
- 1D
- 0.10%
- 1M
- -0.77%
- YTD
- -0.10%
- 6M
- 0.85%
- 1Y
- 3.55%
- 3Y*
- 3.80%
- 5Y*
- 1.31%
- 10Y*
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GGIFX vs. FUMBX - Expense Ratio Comparison
GGIFX has a 0.91% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Return for Risk
GGIFX vs. FUMBX — Risk / Return Rank
GGIFX
FUMBX
GGIFX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory INCORE Fund for Income (GGIFX) 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.
| GGIFX | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.55 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.96 | 2.43 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.33 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.52 | +0.92 |
Martin ratioReturn relative to average drawdown | 12.18 | 8.74 | +3.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GGIFX | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.55 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.45 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.73 | +0.46 |
Correlation
The correlation between GGIFX and FUMBX is 0.70, 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.
Dividends
GGIFX vs. FUMBX - Dividend Comparison
GGIFX's dividend yield for the trailing twelve months is around 4.99%, more than FUMBX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGIFX Victory INCORE Fund for Income | 4.99% | 4.21% | 5.33% | 5.39% | 5.40% | 4.99% | 4.61% | 5.13% | 5.59% | 5.21% | 5.22% | 5.07% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.41% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% | 0.00% | 0.00% |
Drawdowns
GGIFX vs. FUMBX - Drawdown Comparison
The maximum GGIFX drawdown since its inception was -9.08%, roughly equal to the maximum FUMBX drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for GGIFX and FUMBX.
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Drawdown Indicators
| GGIFX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.08% | -8.83% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -1.54% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -8.39% | -8.60% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -9.08% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.06% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -1.88% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.44% | -0.15% |
Volatility
GGIFX vs. FUMBX - Volatility Comparison
The current volatility for Victory INCORE Fund for Income (GGIFX) is 0.69%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.74%. This indicates that GGIFX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGIFX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.74% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 1.37% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 2.32% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.53% | 2.89% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 2.49% | -0.23% |