FLNCX vs. FSMUX
Compare and contrast key facts about Nuveen North Carolina Municipal Bond Fund (FLNCX) and Strategic Advisers Municipal Bond Fund (FSMUX).
FLNCX is managed by Nuveen. It was launched on Mar 26, 1986. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
FLNCX vs. FSMUX - Performance Comparison
Loading graphics...
FLNCX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLNCX Nuveen North Carolina Municipal Bond Fund | -1.08% | 3.49% | 1.05% | 5.32% | -10.49% | 0.07% |
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FLNCX having a -1.08% return and FSMUX slightly lower at -1.13%.
FLNCX
- 1D
- 0.20%
- 1M
- -3.23%
- YTD
- -1.08%
- 6M
- 0.80%
- 1Y
- 3.29%
- 3Y*
- 2.02%
- 5Y*
- -0.15%
- 10Y*
- 1.33%
FSMUX
- 1D
- 0.11%
- 1M
- -2.56%
- YTD
- -1.13%
- 6M
- 0.12%
- 1Y
- 2.39%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLNCX vs. FSMUX - Expense Ratio Comparison
FLNCX has a 0.76% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
FLNCX vs. FSMUX — Risk / Return Rank
FLNCX
FSMUX
FLNCX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen North Carolina Municipal Bond Fund (FLNCX) and Strategic Advisers Municipal Bond Fund (FSMUX). 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.
| FLNCX | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.63 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.00 | 0.87 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.28 | +0.44 |
Martin ratioReturn relative to average drawdown | 2.16 | 0.78 | +1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FLNCX | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.63 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | -0.00 | +0.96 |
Correlation
The correlation between FLNCX and FSMUX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLNCX vs. FSMUX - Dividend Comparison
FLNCX's dividend yield for the trailing twelve months is around 2.83%, more than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLNCX Nuveen North Carolina Municipal Bond Fund | 2.83% | 2.98% | 2.74% | 2.42% | 2.46% | 1.71% | 2.10% | 2.42% | 2.79% | 2.85% | 3.04% | 3.11% |
FSMUX Strategic Advisers Municipal Bond Fund | 2.35% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLNCX vs. FSMUX - Drawdown Comparison
The maximum FLNCX drawdown since its inception was -20.96%, which is greater than FSMUX's maximum drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for FLNCX and FSMUX.
Loading graphics...
Drawdown Indicators
| FLNCX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -16.27% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -5.30% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -2.56% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -2.61% | -5.61% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.96% | -0.17% |
Volatility
FLNCX vs. FSMUX - Volatility Comparison
Nuveen North Carolina Municipal Bond Fund (FLNCX) has a higher volatility of 1.20% compared to Strategic Advisers Municipal Bond Fund (FSMUX) at 0.99%. This indicates that FLNCX's price experiences larger fluctuations and is considered to be riskier than FSMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FLNCX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.99% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 2.12% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 6.65% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 4.67% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 4.67% | -0.34% |