SPHIX vs. SGOV
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHIX or SGOV.
Correlation
The correlation between SPHIX and SGOV is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPHIX vs. SGOV - Performance Comparison
Key characteristics
SPHIX:
1.50
SGOV:
21.78
SPHIX:
2.07
SGOV:
492.30
SPHIX:
1.34
SGOV:
493.30
SPHIX:
1.43
SGOV:
504.46
SPHIX:
8.64
SGOV:
8,008.01
SPHIX:
0.65%
SGOV:
0.00%
SPHIX:
3.71%
SGOV:
0.23%
SPHIX:
-31.35%
SGOV:
-0.03%
SPHIX:
-3.89%
SGOV:
0.00%
Returns By Period
In the year-to-date period, SPHIX achieves a -1.88% return, which is significantly lower than SGOV's 1.11% return.
SPHIX
-1.88%
-3.65%
-1.19%
5.45%
5.80%
3.78%
SGOV
1.11%
0.38%
2.23%
4.96%
N/A
N/A
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SPHIX vs. SGOV - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
SPHIX vs. SGOV — Risk-Adjusted Performance Rank
SPHIX
SGOV
SPHIX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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
SPHIX vs. SGOV - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 5.83%, more than SGOV's 4.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 5.83% | 6.09% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.80% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPHIX vs. SGOV - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.35%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SPHIX and SGOV. For additional features, visit the drawdowns tool.
Volatility
SPHIX vs. SGOV - Volatility Comparison
Fidelity High Income Fund (SPHIX) has a higher volatility of 1.94% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that SPHIX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.