FDMMX vs. AGG
Compare and contrast key facts about Fidelity Massachusetts Municipal Income Fund (FDMMX) and iShares Core U.S. Aggregate Bond ETF (AGG).
FDMMX is managed by Fidelity. It was launched on Nov 10, 1983. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Performance
FDMMX vs. AGG - Performance Comparison
Loading graphics...
FDMMX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDMMX Fidelity Massachusetts Municipal Income Fund | -0.45% | 5.24% | 1.27% | 5.76% | -9.67% | 1.11% | 4.27% | 7.09% | -0.13% | 5.48% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.09% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Returns By Period
In the year-to-date period, FDMMX achieves a -0.45% return, which is significantly lower than AGG's 0.09% return. Both investments have delivered pretty close results over the past 10 years, with FDMMX having a 1.70% annualized return and AGG not far behind at 1.66%.
FDMMX
- 1D
- 0.26%
- 1M
- -2.15%
- YTD
- -0.45%
- 6M
- 1.30%
- 1Y
- 4.06%
- 3Y*
- 3.17%
- 5Y*
- 0.66%
- 10Y*
- 1.70%
AGG
- 1D
- 0.07%
- 1M
- -1.33%
- YTD
- 0.09%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.62%
- 5Y*
- 0.24%
- 10Y*
- 1.66%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FDMMX vs. AGG - Expense Ratio Comparison
FDMMX has a 0.45% expense ratio, which is higher than AGG's 0.03% expense ratio.
Return for Risk
FDMMX vs. AGG — Risk / Return Rank
FDMMX
AGG
FDMMX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Massachusetts Municipal Income Fund (FDMMX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| FDMMX | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.93 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.32 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.76 | -0.53 |
Martin ratioReturn relative to average drawdown | 4.40 | 4.89 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FDMMX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.93 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.04 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.31 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.60 | +0.52 |
Correlation
The correlation between FDMMX and AGG is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FDMMX vs. AGG - Dividend Comparison
FDMMX's dividend yield for the trailing twelve months is around 2.71%, less than AGG's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMMX Fidelity Massachusetts Municipal Income Fund | 2.71% | 3.54% | 2.67% | 2.43% | 1.46% | 2.31% | 2.23% | 2.63% | 2.76% | 2.99% | 4.56% | 3.20% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
FDMMX vs. AGG - Drawdown Comparison
The maximum FDMMX drawdown since its inception was -18.98%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FDMMX and AGG.
Loading graphics...
Drawdown Indicators
| FDMMX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -18.43% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -2.52% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -13.70% | -17.82% | +4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -13.70% | -18.43% | +4.73% |
Current DrawdownCurrent decline from peak | -2.48% | -2.30% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.71% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.91% | +0.25% |
Volatility
FDMMX vs. AGG - Volatility Comparison
The current volatility for Fidelity Massachusetts Municipal Income Fund (FDMMX) is 1.16%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.67%. This indicates that FDMMX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FDMMX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.67% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 2.55% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.37% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 6.07% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 5.39% | -1.56% |