AIDYX vs. FSMUX
AIDYX (AB Intermediate Diversified Municipal Portfolio Advisor Class) and FSMUX (Strategic Advisers Municipal Bond Fund) are both Municipal Bonds funds. Over the past 5 years, AIDYX returned 1.40%/yr vs 0.10%/yr for FSMUX. A 0.78 correlation means they provide meaningful diversification when combined. AIDYX charges 0.42%/yr vs 0.06%/yr for FSMUX.
Performance
AIDYX vs. FSMUX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIDYX achieves a 0.35% return, which is significantly higher than FSMUX's 0.09% return.
AIDYX
- 1D
- -0.43%
- 1M
- -1.11%
- 6M
- -0.18%
- YTD
- 0.35%
- 1Y
- 4.11%
- 3Y*
- 3.69%
- 5Y*
- 1.40%
- 10Y*
- 1.98%
- ALL TIME*
- 2.09%
FSMUX
- 1D
- -0.68%
- 1M
- -1.48%
- 6M
- -0.03%
- YTD
- 0.09%
- 1Y
- 5.87%
- 3Y*
- 3.01%
- 5Y*
- 0.10%
- 10Y*
- —
- ALL TIME*
- 0.22%
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 |
AIDYX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AIDYX AB Intermediate Diversified Municipal Portfolio Advisor Class | 0.35% | 5.18% | 2.94% | 5.13% | -5.88% | 0.22% |
FSMUX Strategic Advisers Municipal Bond Fund | 0.09% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Correlation
The correlation between AIDYX and FSMUX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.78 |
The correlation between AIDYX and FSMUX shifts across timeframes, from 0.68 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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
AIDYX vs. FSMUX — Risk / Return Rank
AIDYX
FSMUX
AIDYX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) and Strategic Advisers Municipal Bond Fund (FSMUX). 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.
| AIDYX | FSMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.55 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.55 | -0.50 |
| Martin ratioReturn relative to average drawdown | 6.03 | 9.44 | -3.41 |
Loading charts...
Drawdowns
AIDYX vs. FSMUX - Drawdown Comparison
The maximum AIDYX drawdown since its inception was -9.57%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for AIDYX and FSMUX.
Loading charts...
Drawdown Indicators
| AIDYX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -16.27% | +6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -2.68% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -5.95% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -9.15% | -16.23% | +7.08% |
Max Drawdown (10Y)Largest decline over 10 years | -9.57% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -2.13% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -5.31% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.71% | -0.03% |
Volatility
AIDYX vs. FSMUX - Volatility Comparison
The current volatility for AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) is 0.59%, while Strategic Advisers Municipal Bond Fund (FSMUX) has a volatility of 0.97%. This indicates that AIDYX experiences smaller price fluctuations and is considered to be less risky than FSMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIDYX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.97% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 2.27% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 3.16% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.46% | 4.64% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 4.60% | -1.89% |
AIDYX vs. FSMUX - Expense Ratio Comparison
AIDYX has a 0.42% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Dividends
AIDYX vs. FSMUX - Dividend Comparison
AIDYX's dividend yield for the trailing twelve months is around 3.19%, more than FSMUX's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIDYX AB Intermediate Diversified Municipal Portfolio Advisor Class | 3.19% | 3.70% | 3.70% | 2.70% | 2.06% | 1.84% | 2.22% | 2.70% | 2.22% | 2.05% | 2.01% |
FSMUX Strategic Advisers Municipal Bond Fund | 3.05% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIDYX and FSMUX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSMUX has higher volatility (0.97%) compared to AIDYX (0.59%). In terms of maximum drawdown, AIDYX dropped -9.57% vs FSMUX's -16.27%.
AIDYX currently has the higher Sharpe Ratio (2.25 vs 2.16), 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 AIDYX and FSMUX
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