FDMMX vs. VTEB
Compare and contrast key facts about Fidelity Massachusetts Municipal Income Fund (FDMMX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FDMMX is managed by Fidelity. It was launched on Nov 10, 1983. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDMMX or VTEB.
Correlation
The correlation between FDMMX and VTEB 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.
Performance
FDMMX vs. VTEB - Performance Comparison
Key characteristics
FDMMX:
0.30
VTEB:
0.20
FDMMX:
0.42
VTEB:
0.28
FDMMX:
1.07
VTEB:
1.04
FDMMX:
0.21
VTEB:
0.19
FDMMX:
1.04
VTEB:
0.66
FDMMX:
1.34%
VTEB:
1.41%
FDMMX:
4.66%
VTEB:
4.72%
FDMMX:
-15.42%
VTEB:
-17.00%
FDMMX:
-4.80%
VTEB:
-3.33%
Returns By Period
In the year-to-date period, FDMMX achieves a -1.48% return, which is significantly higher than VTEB's -1.76% return.
FDMMX
-1.48%
-0.49%
-1.27%
1.40%
0.57%
1.43%
VTEB
-1.76%
-0.54%
-1.38%
1.27%
0.89%
N/A
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FDMMX vs. VTEB - Expense Ratio Comparison
FDMMX has a 0.45% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FDMMX vs. VTEB — Risk-Adjusted Performance Rank
FDMMX
VTEB
FDMMX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Massachusetts Municipal Income Fund (FDMMX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
Dividends
FDMMX vs. VTEB - Dividend Comparison
FDMMX's dividend yield for the trailing twelve months is around 2.70%, less than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
FDMMX vs. VTEB - Drawdown Comparison
The maximum FDMMX drawdown since its inception was -15.42%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FDMMX and VTEB. For additional features, visit the drawdowns tool.
Volatility
FDMMX vs. VTEB - Volatility Comparison
Fidelity Massachusetts Municipal Income Fund (FDMMX) has a higher volatility of 3.53% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.07%. This indicates that FDMMX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.