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.
Key characteristics
| SPHIX | SGOV | |
|---|---|---|
| YTD Return | 9.73% | 4.62% |
| 1Y Return | 15.99% | 5.38% |
| 3Y Return (Ann) | 2.40% | 3.78% |
| Sharpe Ratio | 4.42 | 21.93 |
| Sortino Ratio | 7.74 | 527.74 |
| Omega Ratio | 2.19 | 528.74 |
| Calmar Ratio | 2.09 | 541.76 |
| Martin Ratio | 35.33 | 8,600.11 |
| Ulcer Index | 0.43% | 0.00% |
| Daily Std Dev | 3.50% | 0.25% |
| Max Drawdown | -31.35% | -0.03% |
| Current Drawdown | -0.25% | 0.00% |
Correlation
The correlation between SPHIX and SGOV is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPHIX vs. SGOV - Performance Comparison
In the year-to-date period, SPHIX achieves a 9.73% return, which is significantly higher than SGOV's 4.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 5.70%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 5.70% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 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 0.72% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. 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.