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FITFX vs. FUENX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FITFX and FUENX 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.


-0.50.00.51.0
Correlation: 0.0

Performance

FITFX vs. FUENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex International Index Fund (FITFX) and Fidelity Flex Municipal Income Fund (FUENX). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
42.54%
15.27%
FITFX
FUENX

Key characteristics

Sharpe Ratio

FITFX:

0.77

FUENX:

0.34

Sortino Ratio

FITFX:

1.16

FUENX:

0.47

Omega Ratio

FITFX:

1.16

FUENX:

1.08

Calmar Ratio

FITFX:

0.93

FUENX:

0.34

Martin Ratio

FITFX:

2.89

FUENX:

1.26

Ulcer Index

FITFX:

4.29%

FUENX:

1.27%

Daily Std Dev

FITFX:

16.12%

FUENX:

4.73%

Max Drawdown

FITFX:

-34.27%

FUENX:

-13.89%

Current Drawdown

FITFX:

-1.55%

FUENX:

-3.24%

Returns By Period

In the year-to-date period, FITFX achieves a 8.27% return, which is significantly higher than FUENX's -1.82% return.


FITFX

YTD

8.27%

1M

-0.71%

6M

3.50%

1Y

11.18%

5Y*

10.78%

10Y*

N/A

FUENX

YTD

-1.82%

1M

-1.58%

6M

-1.08%

1Y

1.30%

5Y*

1.78%

10Y*

N/A

*Annualized

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FITFX vs. FUENX - Expense Ratio Comparison

FITFX has a 0.00% expense ratio, which is lower than FUENX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for FITFX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FITFX: 0.00%
Expense ratio chart for FUENX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FUENX: 0.00%

Risk-Adjusted Performance

FITFX vs. FUENX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FITFX
The Risk-Adjusted Performance Rank of FITFX is 7373
Overall Rank
The Sharpe Ratio Rank of FITFX is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of FITFX is 7171
Sortino Ratio Rank
The Omega Ratio Rank of FITFX is 7070
Omega Ratio Rank
The Calmar Ratio Rank of FITFX is 8484
Calmar Ratio Rank
The Martin Ratio Rank of FITFX is 7171
Martin Ratio Rank

FUENX
The Risk-Adjusted Performance Rank of FUENX is 4747
Overall Rank
The Sharpe Ratio Rank of FUENX is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of FUENX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of FUENX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of FUENX is 5252
Calmar Ratio Rank
The Martin Ratio Rank of FUENX is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FITFX vs. FUENX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex International Index Fund (FITFX) 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.


The chart of Sharpe ratio for FITFX, currently valued at 0.72, compared to the broader market-1.000.001.002.003.00
FITFX: 0.72
FUENX: 0.34
The chart of Sortino ratio for FITFX, currently valued at 1.09, compared to the broader market-2.000.002.004.006.008.00
FITFX: 1.09
FUENX: 0.47
The chart of Omega ratio for FITFX, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.00
FITFX: 1.15
FUENX: 1.08
The chart of Calmar ratio for FITFX, currently valued at 0.86, compared to the broader market0.002.004.006.008.0010.00
FITFX: 0.86
FUENX: 0.34
The chart of Martin ratio for FITFX, currently valued at 2.67, compared to the broader market0.0010.0020.0030.0040.0050.00
FITFX: 2.67
FUENX: 1.26

The current FITFX Sharpe Ratio is 0.77, which is higher than the FUENX Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of FITFX and FUENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.72
0.34
FITFX
FUENX

Dividends

FITFX vs. FUENX - Dividend Comparison

FITFX's dividend yield for the trailing twelve months is around 2.56%, less than FUENX's 3.02% yield.


TTM20242023202220212020201920182017
FITFX
Fidelity Flex International Index Fund
2.56%2.77%2.67%2.60%2.25%1.50%3.35%1.92%1.26%
FUENX
Fidelity Flex Municipal Income Fund
3.02%2.89%2.58%2.10%1.68%2.25%2.69%3.36%0.35%

Drawdowns

FITFX vs. FUENX - Drawdown Comparison

The maximum FITFX drawdown since its inception was -34.27%, which is greater than FUENX's maximum drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for FITFX and FUENX. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.55%
-3.24%
FITFX
FUENX

Volatility

FITFX vs. FUENX - Volatility Comparison

Fidelity Flex International Index Fund (FITFX) has a higher volatility of 10.42% compared to Fidelity Flex Municipal Income Fund (FUENX) at 3.60%. This indicates that FITFX'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.


0.00%2.00%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
10.42%
3.60%
FITFX
FUENX