Correlation
The correlation between FICNX and JMUB is 0.02, 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.
FICNX vs. JMUB
Compare and contrast key facts about Fidelity Connecticut Municipal Income Fund (FICNX) and JPMorgan Municipal ETF (JMUB).
FICNX is managed by Fidelity. It was launched on Oct 29, 1987. JMUB is an actively managed fund by JPMorgan Chase. It was launched on Oct 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FICNX or JMUB.
Performance
FICNX vs. JMUB - Performance Comparison
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Key characteristics
FICNX:
0.66
JMUB:
0.63
FICNX:
0.81
JMUB:
0.77
FICNX:
1.14
JMUB:
1.12
FICNX:
0.58
JMUB:
0.57
FICNX:
2.00
JMUB:
1.95
FICNX:
1.40%
JMUB:
1.17%
FICNX:
4.61%
JMUB:
3.90%
FICNX:
-14.21%
JMUB:
-12.50%
FICNX:
-2.42%
JMUB:
-1.76%
Returns By Period
In the year-to-date period, FICNX achieves a -0.34% return, which is significantly lower than JMUB's -0.27% return.
FICNX
-0.34%
-0.09%
-1.46%
2.81%
1.78%
0.80%
2.00%
JMUB
-0.27%
-0.18%
-1.32%
2.36%
2.41%
1.02%
N/A
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FICNX vs. JMUB - Expense Ratio Comparison
FICNX has a 0.48% expense ratio, which is higher than JMUB's 0.18% expense ratio.
Risk-Adjusted Performance
FICNX vs. JMUB — Risk-Adjusted Performance Rank
FICNX
JMUB
FICNX vs. JMUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Connecticut Municipal Income Fund (FICNX) and JPMorgan Municipal ETF (JMUB). 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.
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Dividends
FICNX vs. JMUB - Dividend Comparison
FICNX's dividend yield for the trailing twelve months is around 2.43%, less than JMUB's 3.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICNX Fidelity Connecticut Municipal Income Fund | 2.43% | 2.61% | 2.42% | 2.30% | 2.32% | 2.77% | 2.58% | 2.52% | 3.06% | 4.04% | 3.51% | 3.25% |
JMUB JPMorgan Municipal ETF | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FICNX vs. JMUB - Drawdown Comparison
The maximum FICNX drawdown since its inception was -14.21%, which is greater than JMUB's maximum drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for FICNX and JMUB.
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Volatility
FICNX vs. JMUB - Volatility Comparison
The current volatility for Fidelity Connecticut Municipal Income Fund (FICNX) is 0.51%, while JPMorgan Municipal ETF (JMUB) has a volatility of 0.79%. This indicates that FICNX experiences smaller price fluctuations and is considered to be less risky than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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