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 0.68, 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.
Performance
FDMMX vs. VTEB - Performance Comparison
Key characteristics
FDMMX:
0.64
VTEB:
0.41
FDMMX:
0.86
VTEB:
0.60
FDMMX:
1.13
VTEB:
1.07
FDMMX:
0.33
VTEB:
0.34
FDMMX:
1.97
VTEB:
1.49
FDMMX:
1.05%
VTEB:
1.06%
FDMMX:
3.30%
VTEB:
3.87%
FDMMX:
-15.43%
VTEB:
-17.00%
FDMMX:
-3.56%
VTEB:
-1.96%
Returns By Period
In the year-to-date period, FDMMX achieves a -0.21% return, which is significantly higher than VTEB's -0.37% return.
FDMMX
-0.21%
-1.49%
-1.81%
1.80%
1.01%
1.47%
VTEB
-0.37%
-1.56%
-1.51%
2.02%
1.56%
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 2.43%, less than VTEB's 3.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMMX Fidelity Massachusetts Municipal Income Fund | 2.43% | 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 | 3.21% | 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 -15.43%, 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
The current volatility for Fidelity Massachusetts Municipal Income Fund (FDMMX) is 1.01%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.16%. This indicates that FDMMX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.