HLGAX vs. FUMBX
Compare and contrast key facts about JPMorgan Government Bond Fund (HLGAX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
HLGAX is managed by JPMorgan. It was launched on Feb 7, 1993. 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
HLGAX vs. FUMBX - Performance Comparison
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HLGAX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | -0.19% | 6.70% | 1.26% | 4.38% | -11.85% | -2.12% | 6.95% | 6.58% | 0.84% | -0.05% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 0.16% | 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, HLGAX achieves a -0.19% return, which is significantly lower than FUMBX's 0.16% return.
HLGAX
- 1D
- 0.10%
- 1M
- -1.63%
- YTD
- -0.19%
- 6M
- 0.55%
- 1Y
- 3.48%
- 3Y*
- 3.07%
- 5Y*
- -0.02%
- 10Y*
- 1.20%
FUMBX
- 1D
- 0.00%
- 1M
- -0.41%
- YTD
- 0.16%
- 6M
- 1.12%
- 1Y
- 3.92%
- 3Y*
- 3.89%
- 5Y*
- 1.36%
- 10Y*
- —
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HLGAX vs. FUMBX - Expense Ratio Comparison
HLGAX has a 0.47% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Return for Risk
HLGAX vs. FUMBX — Risk / Return Rank
HLGAX
FUMBX
HLGAX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Government Bond Fund (HLGAX) 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.
| HLGAX | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.65 | -0.76 |
Sortino ratioReturn per unit of downside risk | 1.32 | 2.61 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.49 | -1.06 |
Martin ratioReturn relative to average drawdown | 4.22 | 8.60 | -4.38 |
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
| HLGAX | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.65 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.47 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.74 | +0.13 |
Correlation
The correlation between HLGAX 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.
Dividends
HLGAX vs. FUMBX - Dividend Comparison
HLGAX's dividend yield for the trailing twelve months is around 3.01%, less than FUMBX's 3.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGAX JPMorgan Government Bond Fund | 3.01% | 2.91% | 2.86% | 2.56% | 2.12% | 1.49% | 1.80% | 2.36% | 2.45% | 2.44% | 2.78% | 3.99% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.67% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% | 0.00% | 0.00% |
Drawdowns
HLGAX vs. FUMBX - Drawdown Comparison
The maximum HLGAX drawdown since its inception was -17.41%, which is greater than FUMBX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for HLGAX and FUMBX.
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Drawdown Indicators
| HLGAX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -8.83% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -1.54% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -8.60% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -3.65% | -0.80% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -1.88% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.44% | +0.49% |
Volatility
HLGAX vs. FUMBX - Volatility Comparison
JPMorgan Government Bond Fund (HLGAX) has a higher volatility of 1.52% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.83%. This indicates that HLGAX'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.
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Volatility by Period
| HLGAX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.83% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 1.39% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 2.32% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 2.89% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 2.49% | +2.07% |