FITFX vs. FUENX
Compare and contrast key facts about Fidelity Flex International Index Fund (FITFX) and Fidelity Flex Municipal Income Fund (FUENX).
FITFX is managed by Fidelity. It was launched on Mar 9, 2017. FUENX 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: FITFX or FUENX.
Key characteristics
| FITFX | FUENX | |
|---|---|---|
| YTD Return | 7.38% | 2.44% |
| 1Y Return | 17.57% | 8.39% |
| 3Y Return (Ann) | 0.73% | 0.17% |
| 5Y Return (Ann) | 5.46% | 1.37% |
| Sharpe Ratio | 1.32 | 2.38 |
| Sortino Ratio | 1.92 | 3.58 |
| Omega Ratio | 1.25 | 1.57 |
| Calmar Ratio | 1.25 | 1.09 |
| Martin Ratio | 7.57 | 10.28 |
| Ulcer Index | 2.34% | 0.75% |
| Daily Std Dev | 13.34% | 3.28% |
| Max Drawdown | -34.27% | -13.89% |
| Current Drawdown | -6.69% | -1.35% |
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.
Performance
FITFX vs. FUENX - Performance Comparison
In the year-to-date period, FITFX achieves a 7.38% return, which is significantly higher than FUENX's 2.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
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.
Dividends
FITFX vs. FUENX - Dividend Comparison
FITFX's dividend yield for the trailing twelve months is around 2.49%, less than FUENX's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FITFX Fidelity Flex International Index Fund | 2.49% | 2.67% | 2.60% | 2.25% | 1.50% | 3.35% | 1.92% | 1.26% |
FUENX Fidelity Flex Municipal Income Fund | 2.83% | 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.
Volatility
FITFX vs. FUENX - Volatility Comparison
Fidelity Flex International Index Fund (FITFX) has a higher volatility of 4.12% compared to Fidelity Flex Municipal Income Fund (FUENX) at 1.60%. 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.