DSIBX vs. FSMUX
DSIBX (BNY Mellon Short-Intermediate Municipal Bond Fund) and FSMUX (Strategic Advisers Municipal Bond Fund) are both Municipal Bonds funds. Over the past 5 years, DSIBX returned 1.28%/yr vs 0.11%/yr for FSMUX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. DSIBX charges 0.49%/yr vs 0.06%/yr for FSMUX.
Performance
DSIBX vs. FSMUX - Performance Comparison
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Returns By Period
In the year-to-date period, DSIBX achieves a 0.81% return, which is significantly higher than FSMUX's 0.20% return.
DSIBX
- 1D
- 0.00%
- 1M
- -0.54%
- 6M
- 0.12%
- YTD
- 0.81%
- 1Y
- 2.04%
- 3Y*
- 3.40%
- 5Y*
- 1.28%
- 10Y*
- 1.29%
- ALL TIME*
- 2.73%
FSMUX
- 1D
- -0.11%
- 1M
- -2.02%
- 6M
- -0.25%
- YTD
- 0.20%
- 1Y
- 5.14%
- 3Y*
- 3.18%
- 5Y*
- 0.11%
- 10Y*
- —
- ALL TIME*
- 0.24%
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 |
DSIBX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund | 0.81% | 4.53% | 2.66% | 3.01% | -3.79% | -0.46% |
FSMUX Strategic Advisers Municipal Bond Fund | 0.20% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Correlation
The correlation between DSIBX and FSMUX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.70 |
The correlation between DSIBX and FSMUX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
DSIBX vs. FSMUX — Risk / Return Rank
DSIBX
FSMUX
DSIBX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) 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.
| DSIBX | FSMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.46 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.22 | -0.42 |
| Martin ratioReturn relative to average drawdown | 5.30 | 7.61 | -2.31 |
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Drawdowns
DSIBX vs. FSMUX - Drawdown Comparison
The maximum DSIBX drawdown since its inception was -6.02%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for DSIBX and FSMUX.
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Drawdown Indicators
| DSIBX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -16.27% | +10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -2.68% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.56% | -5.89% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -16.23% | +10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -6.02% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -2.02% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -5.29% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.76% | -0.35% |
Volatility
DSIBX vs. FSMUX - Volatility Comparison
The current volatility for BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) is 0.32%, while Strategic Advisers Municipal Bond Fund (FSMUX) has a volatility of 0.94%. This indicates that DSIBX 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.
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Volatility by Period
| DSIBX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.94% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 2.26% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 3.17% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.48% | 4.64% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 4.59% | -3.05% |
DSIBX vs. FSMUX - Expense Ratio Comparison
DSIBX has a 0.49% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Dividends
DSIBX vs. FSMUX - Dividend Comparison
DSIBX's dividend yield for the trailing twelve months is around 2.41%, less than FSMUX's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSIBX BNY Mellon Short-Intermediate Municipal Bond Fund | 2.41% | 2.93% | 2.07% | 1.12% | 0.62% | 0.72% | 1.20% | 1.66% | 1.29% | 1.05% | 0.92% | 1.01% |
FSMUX Strategic Advisers Municipal Bond Fund | 2.71% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DSIBX and FSMUX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSMUX has higher volatility (0.94%) compared to DSIBX (0.32%). In terms of maximum drawdown, DSIBX dropped -6.02% vs FSMUX's -16.27%.
FSMUX currently has the higher Sharpe Ratio (1.91 vs 1.76), 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.
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