FEPIX vs. WMFAX
Compare and contrast key facts about Fidelity Total Bond Fund (FEPIX) and Allspring Municipal Bond Fund (WMFAX).
FEPIX is managed by Fidelity. WMFAX is managed by Allspring Global Investments. It was launched on Apr 7, 2005.
Performance
FEPIX vs. WMFAX - Performance Comparison
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FEPIX vs. WMFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | -0.50% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
WMFAX Allspring Municipal Bond Fund | -0.42% | 2.90% | 2.16% | 5.25% | -8.88% | 1.69% | 3.89% | 7.41% | 1.83% | 5.96% |
Returns By Period
In the year-to-date period, FEPIX achieves a -0.50% return, which is significantly lower than WMFAX's -0.42% return. Over the past 10 years, FEPIX has outperformed WMFAX with an annualized return of 2.43%, while WMFAX has yielded a comparatively lower 1.98% annualized return.
FEPIX
- 1D
- 0.53%
- 1M
- -2.35%
- YTD
- -0.50%
- 6M
- 0.44%
- 1Y
- 4.14%
- 3Y*
- 3.99%
- 5Y*
- 0.60%
- 10Y*
- 2.43%
WMFAX
- 1D
- 0.21%
- 1M
- -2.14%
- YTD
- -0.42%
- 6M
- 0.89%
- 1Y
- 3.04%
- 3Y*
- 2.48%
- 5Y*
- 0.53%
- 10Y*
- 1.98%
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FEPIX vs. WMFAX - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is lower than WMFAX's 0.74% expense ratio.
Return for Risk
FEPIX vs. WMFAX — Risk / Return Rank
FEPIX
WMFAX
FEPIX vs. WMFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) and Allspring Municipal Bond Fund (WMFAX). 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.
| FEPIX | WMFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.76 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.03 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.87 | +0.94 |
Martin ratioReturn relative to average drawdown | 5.50 | 2.70 | +2.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEPIX | WMFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.76 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.15 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.55 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 1.07 | -0.17 |
Correlation
The correlation between FEPIX and WMFAX is 0.51, 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
FEPIX vs. WMFAX - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 3.97%, more than WMFAX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 3.97% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
WMFAX Allspring Municipal Bond Fund | 2.88% | 3.12% | 3.06% | 2.59% | 2.26% | 1.96% | 2.28% | 2.89% | 3.07% | 3.41% | 3.71% | 3.37% |
Drawdowns
FEPIX vs. WMFAX - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -18.40%, which is greater than WMFAX's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for FEPIX and WMFAX.
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Drawdown Indicators
| FEPIX | WMFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -14.91% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -4.42% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -13.35% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -13.35% | -5.05% |
Current DrawdownCurrent decline from peak | -2.35% | -2.14% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -2.05% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.43% | -0.49% |
Volatility
FEPIX vs. WMFAX - Volatility Comparison
Fidelity Total Bond Fund (FEPIX) has a higher volatility of 1.58% compared to Allspring Municipal Bond Fund (WMFAX) at 0.85%. This indicates that FEPIX's price experiences larger fluctuations and is considered to be riskier than WMFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEPIX | WMFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.85% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.44% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.30% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 3.55% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 3.64% | +1.07% |