VWETX vs. FNSOX
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and Fidelity Short-Term Bond Index Fund (FNSOX).
VWETX is managed by Vanguard. It was launched on Feb 12, 2001. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Performance
VWETX vs. FNSOX - Performance Comparison
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VWETX vs. FNSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | -1.25% | 7.31% | -2.70% | 8.92% | -25.54% | -2.79% | 15.50% | 20.56% | -6.17% | 2.62% |
FNSOX Fidelity Short-Term Bond Index Fund | -0.12% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
Returns By Period
In the year-to-date period, VWETX achieves a -1.25% return, which is significantly lower than FNSOX's -0.12% return.
VWETX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.25%
- 6M
- -1.80%
- 1Y
- 2.59%
- 3Y*
- 2.04%
- 5Y*
- -2.27%
- 10Y*
- 1.83%
FNSOX
- 1D
- 0.10%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.91%
- 1Y
- 3.80%
- 3Y*
- 4.25%
- 5Y*
- 1.58%
- 10Y*
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VWETX vs. FNSOX - Expense Ratio Comparison
VWETX has a 0.12% expense ratio, which is higher than FNSOX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VWETX vs. FNSOX — Risk / Return Rank
VWETX
FNSOX
VWETX vs. FNSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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.
| VWETX | FNSOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.74 | -1.39 |
Sortino ratioReturn per unit of downside risk | 0.53 | 2.68 | -2.15 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.79 | -2.06 |
Martin ratioReturn relative to average drawdown | 1.77 | 10.34 | -8.56 |
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
| VWETX | FNSOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.74 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.56 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.83 | -0.35 |
Correlation
The correlation between VWETX and FNSOX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VWETX vs. FNSOX - Dividend Comparison
VWETX's dividend yield for the trailing twelve months is around 4.76%, more than FNSOX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.76% | 5.06% | 5.10% | 4.26% | 4.54% | 4.86% | 6.99% | 5.11% | 4.40% | 5.60% | 6.25% | 7.49% |
FNSOX Fidelity Short-Term Bond Index Fund | 3.14% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% | 0.00% |
Drawdowns
VWETX vs. FNSOX - Drawdown Comparison
The maximum VWETX drawdown since its inception was -36.04%, which is greater than FNSOX's maximum drawdown of -8.92%. Use the drawdown chart below to compare losses from any high point for VWETX and FNSOX.
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Drawdown Indicators
| VWETX | FNSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -8.92% | -27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -1.47% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | -8.77% | -25.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | — | — |
Current DrawdownCurrent decline from peak | -20.25% | -1.08% | -19.17% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -1.75% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.40% | +1.85% |
Volatility
VWETX vs. FNSOX - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a higher volatility of 3.42% compared to Fidelity Short-Term Bond Index Fund (FNSOX) at 0.75%. This indicates that VWETX's price experiences larger fluctuations and is considered to be riskier than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWETX | FNSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 0.75% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 1.37% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 2.21% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 2.86% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 2.48% | +8.37% |