Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading graphics...
Returns By Period
Fidelity Municipal Bond Index Fund
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.29% | 1.08% | -2.06% | 1.32% | 0.60% | ||||||||
| 2024 | -0.22% | -0.02% | -0.11% | -1.25% | -0.44% | 1.70% | 0.88% | 0.87% | 1.07% | -1.48% | 1.68% | -1.31% | 1.32% |
| 2023 | 2.96% | -2.51% | 2.36% | -0.24% | -0.89% | 0.85% | 0.26% | -1.32% | -3.00% | -1.27% | 6.50% | 2.45% | 5.89% |
| 2022 | -2.64% | -0.61% | -3.00% | -3.18% | 1.51% | -2.15% | 2.58% | -2.52% | -3.95% | -0.79% | 4.68% | -0.03% | -10.00% |
| 2021 | 0.34% | -1.50% | 0.58% | 0.82% | 0.32% | 0.22% | 0.71% | -0.28% | -0.77% | -0.14% | 0.70% | 0.16% | 1.14% |
| 2020 | 1.63% | 1.16% | -3.61% | -2.62% | 3.16% | 0.78% | 1.43% | -0.31% | -0.07% | -0.21% | 1.33% | 0.58% | 3.10% |
Benchmark Metrics
Fidelity Municipal Bond Index Fund has an annualized alpha of 0.10%, beta of 0.04, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since July 18, 2019.
- This fund participated in 26.49% of S&P 500 Index downside but only 13.43% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R² of 0.04 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R² of 0.04 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.10%
- Beta
- 0.04
- R²
- 0.04
- Upside Capture
- 13.43%
- Downside Capture
- 26.49%
Expense Ratio
FMBIX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and compare them to a chosen benchmark (S&P 500 Index).
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Fidelity Municipal Bond Index Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.48 | $0.43 | $0.21 | $0.26 | $0.32 | $0.15 |
Dividend yield | 0.00% | 2.60% | 2.29% | 1.17% | 1.28% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.05 | $0.00 | $0.13 | ||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.03 | $0.00 | $0.04 | $0.21 |
| 2021 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 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 |
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.
Loading graphics...
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 14.72%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.72% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.07% | Mar 10, 2020 | 9 | Mar 20, 2020 | 215 | Jan 27, 2021 | 224 |
| -1.95% | Feb 16, 2021 | 8 | Feb 25, 2021 | 69 | Jun 4, 2021 | 77 |
| -1.63% | Sep 3, 2019 | 11 | Sep 17, 2019 | 76 | Jan 6, 2020 | 87 |
| -0.49% | Jun 15, 2021 | 8 | Jun 24, 2021 | 8 | Jul 7, 2021 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...