USGNX vs. FUMBX
Compare and contrast key facts about USAA Government Securities Fund (USGNX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
USGNX is managed by Victory. It was launched on Jan 31, 1991. 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
USGNX vs. FUMBX - Performance Comparison
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USGNX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USGNX USAA Government Securities Fund | -0.05% | 7.20% | 1.94% | 4.13% | -8.13% | -1.05% | 5.48% | 5.60% | 1.05% | -0.20% |
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, USGNX achieves a -0.05% return, which is significantly higher than FUMBX's -0.10% return.
USGNX
- 1D
- 0.22%
- 1M
- -1.32%
- YTD
- -0.05%
- 6M
- 1.03%
- 1Y
- 4.13%
- 3Y*
- 3.53%
- 5Y*
- 0.81%
- 10Y*
- 1.59%
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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USGNX vs. FUMBX - Expense Ratio Comparison
USGNX has a 0.53% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Return for Risk
USGNX vs. FUMBX — Risk / Return Rank
USGNX
FUMBX
USGNX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Government Securities Fund (USGNX) 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.
| USGNX | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.55 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.43 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.52 | -0.54 |
Martin ratioReturn relative to average drawdown | 6.03 | 8.74 | -2.71 |
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
| USGNX | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.55 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.45 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.73 | +0.40 |
Correlation
The correlation between USGNX and FUMBX is 0.84, 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
USGNX vs. FUMBX - Dividend Comparison
USGNX's dividend yield for the trailing twelve months is around 3.48%, more than FUMBX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USGNX USAA Government Securities Fund | 3.48% | 3.75% | 3.65% | 2.77% | 2.07% | 3.02% | 2.84% | 2.46% | 2.26% | 2.07% | 2.07% | 2.38% |
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
USGNX vs. FUMBX - Drawdown Comparison
The maximum USGNX drawdown since its inception was -12.03%, which is greater than FUMBX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for USGNX and FUMBX.
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Drawdown Indicators
| USGNX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.03% | -8.83% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.54% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -8.60% | -3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -12.03% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -1.06% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -1.88% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.44% | +0.35% |
Volatility
USGNX vs. FUMBX - Volatility Comparison
USAA Government Securities Fund (USGNX) has a higher volatility of 1.30% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.74%. This indicates that USGNX'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
| USGNX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 0.74% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 1.37% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 2.32% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 2.89% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 2.49% | +1.29% |