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DRTAX vs. FDMMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DRTAX and FDMMX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.0

Performance

DRTAX vs. FDMMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Bond Fund (DRTAX) and Fidelity Massachusetts Municipal Income Fund (FDMMX). The values are adjusted to include any dividend payments, if applicable.

440.00%460.00%480.00%500.00%520.00%NovemberDecember2025FebruaryMarchApril
435.37%
502.19%
DRTAX
FDMMX

Key characteristics

Returns By Period


DRTAX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

FDMMX

YTD

-1.48%

1M

-0.84%

6M

-1.27%

1Y

1.40%

5Y*

0.55%

10Y*

1.41%

*Annualized

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DRTAX vs. FDMMX - Expense Ratio Comparison

DRTAX has a 0.73% expense ratio, which is higher than FDMMX's 0.45% expense ratio.


Expense ratio chart for DRTAX: current value is 0.73%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DRTAX: 0.73%
Expense ratio chart for FDMMX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDMMX: 0.45%

Risk-Adjusted Performance

DRTAX vs. FDMMX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRTAX

FDMMX
The Risk-Adjusted Performance Rank of FDMMX is 3939
Overall Rank
The Sharpe Ratio Rank of FDMMX is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of FDMMX is 3535
Sortino Ratio Rank
The Omega Ratio Rank of FDMMX is 3939
Omega Ratio Rank
The Calmar Ratio Rank of FDMMX is 3939
Calmar Ratio Rank
The Martin Ratio Rank of FDMMX is 4141
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.

DRTAX vs. FDMMX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Bond Fund (DRTAX) and Fidelity Massachusetts Municipal Income Fund (FDMMX). 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.


The chart of Calmar ratio for DRTAX, currently valued at 0.00, compared to the broader market0.002.004.006.008.0010.00
DRTAX: 0.00
FDMMX: 0.21


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.00
0.30
DRTAX
FDMMX

Dividends

DRTAX vs. FDMMX - Dividend Comparison

DRTAX has not paid dividends to shareholders, while FDMMX's dividend yield for the trailing twelve months is around 2.70%.


TTM20242023202220212020201920182017201620152014
DRTAX
BNY Mellon Municipal Bond Fund
0.00%0.70%2.22%2.12%2.36%2.44%2.79%2.40%2.26%2.59%2.63%2.75%
FDMMX
Fidelity Massachusetts Municipal Income Fund
2.70%2.66%2.42%2.16%1.99%2.25%2.56%2.76%2.77%3.01%3.46%3.43%

Drawdowns

DRTAX vs. FDMMX - Drawdown Comparison


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%NovemberDecember2025FebruaryMarchApril
-4.56%
-4.80%
DRTAX
FDMMX

Volatility

DRTAX vs. FDMMX - Volatility Comparison

The current volatility for BNY Mellon Municipal Bond Fund (DRTAX) is 0.00%, while Fidelity Massachusetts Municipal Income Fund (FDMMX) has a volatility of 3.53%. This indicates that DRTAX experiences smaller price fluctuations and is considered to be less risky than FDMMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril0
3.53%
DRTAX
FDMMX