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Fidelity Municipal Bond Index Fund (FMBIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US31635T7651

CUSIP

31635T765

Issuer

Fidelity

Inception Date

Jul 11, 2019

Min. Investment

$0

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
FMBIX vs. VTEAX FMBIX vs. VTEX FMBIX vs. FXNAX FMBIX vs. VTEB FMBIX vs. VWILX FMBIX vs. FTABX FMBIX vs. MUB FMBIX vs. VWAHX FMBIX vs. VOO FMBIX vs. FBIIX
Popular comparisons:
FMBIX vs. VTEAX FMBIX vs. VTEX FMBIX vs. FXNAX FMBIX vs. VTEB FMBIX vs. VWILX FMBIX vs. FTABX FMBIX vs. MUB FMBIX vs. VWAHX FMBIX vs. VOO FMBIX vs. FBIIX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Municipal Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.44%
12.92%
FMBIX (Fidelity Municipal Bond Index Fund)
Benchmark (^GSPC)

Returns By Period

Fidelity Municipal Bond Index Fund had a return of 1.76% year-to-date (YTD) and 5.69% in the last 12 months.


FMBIX

YTD

1.76%

1M

0.34%

6M

3.43%

1Y

5.69%

5Y (annualized)

0.44%

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

Monthly Returns

The table below presents the monthly returns of FMBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.01%-0.02%-0.32%-1.04%-0.50%1.54%1.09%0.65%1.29%-1.48%1.76%
20233.16%-2.51%2.36%-0.43%-0.70%0.85%0.26%-1.32%-3.16%-1.07%6.48%2.24%5.91%
2022-2.64%-0.61%-3.00%-3.31%1.64%-2.00%2.58%-2.37%-3.79%-0.79%4.85%-0.22%-9.59%
20210.48%-1.50%0.58%0.82%0.32%0.22%0.71%-0.28%-0.77%-0.13%0.70%0.16%1.28%
20201.63%1.16%-3.61%-2.62%3.16%0.78%1.43%-0.32%-0.07%-0.21%1.33%0.58%3.09%
20190.37%1.55%-0.85%0.04%0.14%0.24%1.48%

Expense Ratio

FMBIX has an expense ratio of 0.07%, which is considered low compared to other funds.


Expense ratio chart for FMBIX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FMBIX is 37, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of FMBIX is 3737
Combined Rank
The Sharpe Ratio Rank of FMBIX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of FMBIX is 3939
Sortino Ratio Rank
The Omega Ratio Rank of FMBIX is 5252
Omega Ratio Rank
The Calmar Ratio Rank of FMBIX is 3232
Calmar Ratio Rank
The Martin Ratio Rank of FMBIX is 2626
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for FMBIX, currently valued at 1.55, compared to the broader market-1.000.001.002.003.004.005.001.552.54
The chart of Sortino ratio for FMBIX, currently valued at 2.26, compared to the broader market0.005.0010.002.263.40
The chart of Omega ratio for FMBIX, currently valued at 1.35, compared to the broader market1.002.003.004.001.351.47
The chart of Calmar ratio for FMBIX, currently valued at 0.74, compared to the broader market0.005.0010.0015.0020.000.753.66
The chart of Martin ratio for FMBIX, currently valued at 5.36, compared to the broader market0.0020.0040.0060.0080.00100.005.3616.26
FMBIX
^GSPC

The current Fidelity Municipal Bond Index Fund Sharpe ratio is 1.55. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity Municipal Bond Index Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.55
2.54
FMBIX (Fidelity Municipal Bond Index Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Municipal Bond Index Fund provided a 2.51% dividend yield over the last twelve months, with an annual payout of $0.47 per share. The fund has been increasing its distributions for 2 consecutive years.


1.00%1.50%2.00%$0.00$0.10$0.20$0.30$0.4020192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019
Dividend$0.47$0.43$0.33$0.29$0.32$0.16

Dividend yield

2.51%2.31%1.80%1.42%1.59%0.77%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Municipal Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.39
2023$0.04$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2022$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2021$0.03$0.02$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.29
2020$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2019$0.01$0.03$0.03$0.03$0.03$0.03$0.16

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.93%
-0.88%
FMBIX (Fidelity Municipal Bond Index Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Municipal Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Municipal Bond Index Fund was 14.31%, occurring on Oct 25, 2022. The portfolio has not yet recovered.

The current Fidelity Municipal Bond Index Fund drawdown is 2.93%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.31%Aug 6, 2021310Oct 25, 2022
-11.07%Mar 10, 20209Mar 20, 2020215Jan 27, 2021224
-1.95%Feb 16, 20218Feb 25, 202169Jun 4, 202177
-1.63%Sep 3, 201911Sep 17, 201976Jan 6, 202087
-0.49%Jun 15, 20218Jun 24, 20218Jul 7, 202116

Volatility

Volatility Chart

The current Fidelity Municipal Bond Index Fund volatility is 1.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.53%
3.96%
FMBIX (Fidelity Municipal Bond Index Fund)
Benchmark (^GSPC)