FIMIX vs. FUEMX
Compare and contrast key facts about Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX).
FIMIX is managed by Fidelity. It was launched on Nov 21, 1985. FUEMX is managed by Fidelity. It was launched on Oct 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIMIX or FUEMX.
Correlation
The correlation between FIMIX and FUEMX is 0.01, 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
FIMIX vs. FUEMX - Performance Comparison
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Key characteristics
FIMIX:
0.12
FUEMX:
2.88
FIMIX:
0.17
FUEMX:
6.63
FIMIX:
1.03
FUEMX:
2.51
FIMIX:
0.09
FUEMX:
7.39
FIMIX:
0.34
FUEMX:
31.80
FIMIX:
1.51%
FUEMX:
0.12%
FIMIX:
4.96%
FUEMX:
1.27%
FIMIX:
-12.33%
FUEMX:
-1.99%
FIMIX:
-3.42%
FUEMX:
0.00%
Returns By Period
In the year-to-date period, FIMIX achieves a -0.99% return, which is significantly lower than FUEMX's 1.08% return.
FIMIX
-0.99%
1.88%
-1.00%
0.61%
0.42%
1.61%
FUEMX
1.08%
0.50%
1.56%
3.68%
2.15%
N/A
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FIMIX vs. FUEMX - Expense Ratio Comparison
FIMIX has a 0.49% expense ratio, which is higher than FUEMX's 0.00% expense ratio.
Risk-Adjusted Performance
FIMIX vs. FUEMX — Risk-Adjusted Performance Rank
FIMIX
FUEMX
FIMIX vs. FUEMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX). 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
FIMIX vs. FUEMX - Dividend Comparison
FIMIX's dividend yield for the trailing twelve months is around 2.72%, less than FUEMX's 3.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMIX Fidelity Minnesota Municipal Income Fund | 2.72% | 2.64% | 2.29% | 2.10% | 1.86% | 2.08% | 2.36% | 2.46% | 2.45% | 2.64% | 2.74% | 3.32% |
FUEMX Fidelity Flex Conservative Income Municipal Bond Fund | 3.41% | 3.47% | 3.16% | 1.21% | 0.55% | 1.28% | 1.93% | 2.29% | 0.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIMIX vs. FUEMX - Drawdown Comparison
The maximum FIMIX drawdown since its inception was -12.33%, which is greater than FUEMX's maximum drawdown of -1.99%. Use the drawdown chart below to compare losses from any high point for FIMIX and FUEMX. For additional features, visit the drawdowns tool.
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Volatility
FIMIX vs. FUEMX - Volatility Comparison
Fidelity Minnesota Municipal Income Fund (FIMIX) has a higher volatility of 1.23% compared to Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) at 0.46%. This indicates that FIMIX's price experiences larger fluctuations and is considered to be riskier than FUEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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