FIPDX vs. FUENX
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Fidelity Flex Municipal Income Fund (FUENX).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. FUENX is managed by Fidelity. It was launched on Oct 12, 2017.
Performance
FIPDX vs. FUENX - Performance Comparison
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FIPDX vs. FUENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.33% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 1.42% |
FUENX Fidelity Flex Municipal Income Fund | -0.50% | 4.63% | 2.32% | 7.27% | -9.29% | 1.99% | 3.07% | 8.27% | 0.72% | 1.02% |
Returns By Period
In the year-to-date period, FIPDX achieves a 0.33% return, which is significantly higher than FUENX's -0.50% return.
FIPDX
- 1D
- 0.55%
- 1M
- -1.40%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 2.97%
- 3Y*
- 3.15%
- 5Y*
- 1.44%
- 10Y*
- 2.58%
FUENX
- 1D
- 0.20%
- 1M
- -2.57%
- YTD
- -0.50%
- 6M
- 1.16%
- 1Y
- 4.40%
- 3Y*
- 3.50%
- 5Y*
- 1.18%
- 10Y*
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FIPDX vs. FUENX - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is higher than FUENX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FIPDX vs. FUENX — Risk / Return Rank
FIPDX
FUENX
FIPDX vs. FUENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Fidelity Flex Municipal Income Fund (FUENX). 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.
| FIPDX | FUENX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.13 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.52 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.31 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.15 | +0.23 |
Martin ratioReturn relative to average drawdown | 4.30 | 3.97 | +0.33 |
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
| FIPDX | FUENX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.13 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.32 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.52 | -0.12 |
Correlation
The correlation between FIPDX and FUENX is 0.40, 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.
Dividends
FIPDX vs. FUENX - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 4.16%, more than FUENX's 2.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.16% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
FUENX Fidelity Flex Municipal Income Fund | 2.96% | 3.14% | 2.90% | 2.58% | 1.38% | 1.40% | 1.54% | 2.95% | 2.61% | 0.41% | 0.00% | 0.00% |
Drawdowns
FIPDX vs. FUENX - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.32%, roughly equal to the maximum FUENX drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for FIPDX and FUENX.
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Drawdown Indicators
| FIPDX | FUENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -14.32% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -4.18% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -14.32% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -14.32% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -2.57% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -2.95% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.21% | -0.29% |
Volatility
FIPDX vs. FUENX - Volatility Comparison
Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a higher volatility of 1.37% compared to Fidelity Flex Municipal Income Fund (FUENX) at 1.06%. This indicates that FIPDX's price experiences larger fluctuations and is considered to be riskier than FUENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIPDX | FUENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.06% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 1.67% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.27% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 3.75% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 4.22% | +1.16% |