FLNCX vs. FBND
Compare and contrast key facts about Nuveen North Carolina Municipal Bond Fund (FLNCX) and Fidelity Total Bond ETF (FBND).
FLNCX is managed by Nuveen. It was launched on Mar 26, 1986. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLNCX or FBND.
Correlation
The correlation between FLNCX and FBND is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLNCX vs. FBND - Performance Comparison
Key characteristics
FLNCX:
0.52
FBND:
1.05
FLNCX:
0.70
FBND:
1.52
FLNCX:
1.11
FBND:
1.18
FLNCX:
0.21
FBND:
0.53
FLNCX:
1.59
FBND:
2.90
FLNCX:
1.18%
FBND:
1.91%
FLNCX:
3.61%
FBND:
5.31%
FLNCX:
-16.51%
FBND:
-17.25%
FLNCX:
-5.64%
FBND:
-4.00%
Returns By Period
In the year-to-date period, FLNCX achieves a 0.44% return, which is significantly lower than FBND's 1.62% return. Over the past 10 years, FLNCX has underperformed FBND with an annualized return of 1.55%, while FBND has yielded a comparatively higher 2.17% annualized return.
FLNCX
0.44%
0.64%
0.21%
2.07%
-0.24%
1.55%
FBND
1.62%
1.35%
-0.47%
5.73%
0.64%
2.17%
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FLNCX vs. FBND - Expense Ratio Comparison
FLNCX has a 0.76% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FLNCX vs. FBND — Risk-Adjusted Performance Rank
FLNCX
FBND
FLNCX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen North Carolina Municipal Bond Fund (FLNCX) and Fidelity Total Bond ETF (FBND). 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
FLNCX vs. FBND - Dividend Comparison
FLNCX's dividend yield for the trailing twelve months is around 2.75%, less than FBND's 4.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLNCX Nuveen North Carolina Municipal Bond Fund | 2.75% | 2.74% | 2.44% | 2.06% | 1.72% | 2.11% | 2.45% | 2.79% | 2.85% | 3.08% | 3.16% | 3.33% |
FBND Fidelity Total Bond ETF | 4.61% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FLNCX vs. FBND - Drawdown Comparison
The maximum FLNCX drawdown since its inception was -16.51%, roughly equal to the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FLNCX and FBND. For additional features, visit the drawdowns tool.
Volatility
FLNCX vs. FBND - Volatility Comparison
The current volatility for Nuveen North Carolina Municipal Bond Fund (FLNCX) is 1.21%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.36%. This indicates that FLNCX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.