VFFIX vs. FNBGX
VFFIX (Victory INCORE Fund for Income Class I) and FNBGX (Fidelity Long-Term Treasury Bond Index Fund) are both Government Bonds funds. Over the past 5 years, VFFIX returned 1.35%/yr vs -7.27%/yr for FNBGX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. VFFIX charges 0.64%/yr vs 0.03%/yr for FNBGX.
Performance
VFFIX vs. FNBGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VFFIX achieves a 0.45% return, which is significantly higher than FNBGX's -3.60% return.
VFFIX
- 1D
- -0.15%
- 1M
- -0.35%
- 6M
- 0.27%
- YTD
- 0.45%
- 1Y
- 2.27%
- 3Y*
- 4.00%
- 5Y*
- 1.35%
- 10Y*
- 1.37%
- ALL TIME*
- 1.40%
FNBGX
- 1D
- -0.68%
- 1M
- -3.83%
- 6M
- -3.19%
- YTD
- -3.60%
- 1Y
- -2.02%
- 3Y*
- -0.74%
- 5Y*
- -7.27%
- 10Y*
- —
- ALL TIME*
- -1.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VFFIX vs. FNBGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFFIX Victory INCORE Fund for Income Class I | 0.45% | 4.51% | 4.48% | 4.14% | -5.23% | -1.60% | 3.05% | 4.14% | 1.24% | -0.17% |
FNBGX Fidelity Long-Term Treasury Bond Index Fund | -3.60% | 5.30% | -6.18% | 3.20% | -29.89% | -5.17% | 17.58% | 14.24% | -1.62% | 1.86% |
Correlation
The correlation between VFFIX and FNBGX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.59 |
The correlation between VFFIX and FNBGX has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VFFIX vs. FNBGX — Risk / Return Rank
VFFIX
FNBGX
VFFIX vs. FNBGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory INCORE Fund for Income Class I (VFFIX) and Fidelity Long-Term Treasury Bond Index Fund (FNBGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VFFIX | FNBGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.99 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | -0.10 | +2.97 |
| Martin ratioReturn relative to average drawdown | 10.58 | -0.23 | +10.80 |
Loading charts...
Drawdowns
VFFIX vs. FNBGX - Drawdown Comparison
The maximum VFFIX drawdown since its inception was -8.60%, smaller than the maximum FNBGX drawdown of -46.86%. Use the drawdown chart below to compare losses from any high point for VFFIX and FNBGX.
Loading charts...
Drawdown Indicators
| VFFIX | FNBGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.60% | -46.86% | +38.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -7.38% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -1.02% | -13.48% | +12.46% |
Max Drawdown (5Y)Largest decline over 5 years | -7.90% | -41.54% | +33.64% |
Max Drawdown (10Y)Largest decline over 10 years | -8.60% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -39.51% | +39.13% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -21.94% | +20.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 3.29% | -3.02% |
Volatility
VFFIX vs. FNBGX - Volatility Comparison
The current volatility for Victory INCORE Fund for Income Class I (VFFIX) is 0.49%, while Fidelity Long-Term Treasury Bond Index Fund (FNBGX) has a volatility of 2.25%. This indicates that VFFIX experiences smaller price fluctuations and is considered to be less risky than FNBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VFFIX | FNBGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.25% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 6.37% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.77% | 8.46% | -6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.53% | 14.46% | -11.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.25% | 14.11% | -11.86% |
VFFIX vs. FNBGX - Expense Ratio Comparison
VFFIX has a 0.64% expense ratio, which is higher than FNBGX's 0.03% expense ratio.
Dividends
VFFIX vs. FNBGX - Dividend Comparison
VFFIX's dividend yield for the trailing twelve months is around 5.15%, more than FNBGX's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.82% | 3.88% | 3.75% | 3.20% | 2.26% | 2.47% | 3.96% | 2.63% | 2.93% | 0.70% | 0.00% | 0.00% |
VFFIX Victory INCORE Fund for Income Class I | 5.15% | 4.43% | 5.60% | 5.67% | 5.68% | 5.15% | 4.89% | 5.41% | 5.87% | 5.50% | 5.51% | 5.37% |
Frequently Asked Questions
VFFIX and FNBGX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNBGX has higher volatility (2.25%) compared to VFFIX (0.49%). In terms of maximum drawdown, VFFIX dropped -8.60% vs FNBGX's -46.86%.
VFFIX currently has the higher Sharpe Ratio (1.62 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VFFIX and FNBGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer