Correlation
The correlation between FIWEX and VTEB is 0.03, 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.
FIWEX vs. VTEB
Compare and contrast key facts about Fidelity Advisor Municipal Income Fund Class Z (FIWEX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FIWEX is managed by Fidelity. It was launched on Oct 2, 2018. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIWEX or VTEB.
Performance
FIWEX vs. VTEB - Performance Comparison
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Key characteristics
FIWEX:
0.23
VTEB:
0.25
FIWEX:
0.27
VTEB:
0.45
FIWEX:
1.05
VTEB:
1.07
FIWEX:
0.16
VTEB:
0.32
FIWEX:
0.54
VTEB:
0.92
FIWEX:
1.86%
VTEB:
1.68%
FIWEX:
5.47%
VTEB:
4.76%
FIWEX:
-15.57%
VTEB:
-17.00%
FIWEX:
-4.27%
VTEB:
-3.28%
Returns By Period
In the year-to-date period, FIWEX achieves a -1.88% return, which is significantly lower than VTEB's -1.72% return.
FIWEX
-1.88%
-0.59%
-3.37%
1.25%
1.67%
0.95%
N/A
VTEB
-1.72%
-0.38%
-3.15%
1.19%
1.41%
0.41%
N/A
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FIWEX vs. VTEB - Expense Ratio Comparison
FIWEX has a 0.42% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FIWEX vs. VTEB — Risk-Adjusted Performance Rank
FIWEX
VTEB
FIWEX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Municipal Income Fund Class Z (FIWEX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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
FIWEX vs. VTEB - Dividend Comparison
FIWEX's dividend yield for the trailing twelve months is around 2.83%, less than VTEB's 3.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIWEX Fidelity Advisor Municipal Income Fund Class Z | 2.83% | 3.00% | 2.87% | 2.76% | 3.09% | 3.03% | 3.20% | 0.82% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.57% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
FIWEX vs. VTEB - Drawdown Comparison
The maximum FIWEX drawdown since its inception was -15.57%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FIWEX and VTEB.
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Volatility
FIWEX vs. VTEB - Volatility Comparison
The current volatility for Fidelity Advisor Municipal Income Fund Class Z (FIWEX) is 0.71%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that FIWEX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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