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.
DRTAX vs. FDMMX
Compare and contrast key facts about BNY Mellon Municipal Bond Fund (DRTAX) and Fidelity Massachusetts Municipal Income Fund (FDMMX).
DRTAX is managed by BNY Mellon. It was launched on Oct 3, 1976. FDMMX is managed by Fidelity. It was launched on Nov 10, 1983.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRTAX or FDMMX.
Performance
DRTAX vs. FDMMX - Performance Comparison
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Key characteristics
Returns By Period
DRTAX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FDMMX
-1.08%
-0.36%
-2.11%
1.96%
1.44%
0.31%
1.80%
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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.
Risk-Adjusted Performance
DRTAX vs. FDMMX — Risk-Adjusted Performance Rank
DRTAX
FDMMX
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.
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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 2.72%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 2.72% | 2.67% | 2.42% | 2.16% | 2.64% | 2.25% | 2.62% | 3.14% | 2.99% | 4.29% | 3.46% | 3.43% |
Drawdowns
DRTAX vs. FDMMX - Drawdown Comparison
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Volatility
DRTAX vs. FDMMX - Volatility Comparison
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