FMBIX vs. DFABX
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. DFABX is managed by Dimensional. It was launched on Apr 11, 2022.
Performance
FMBIX vs. DFABX - Performance Comparison
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FMBIX vs. DFABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 0.00% | 0.60% | 1.32% | 5.89% | -2.42% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 0.58% | 2.46% | 2.90% | 2.87% | 0.55% |
Returns By Period
FMBIX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFABX
- 1D
- 0.00%
- 1M
- -0.05%
- YTD
- 0.58%
- 6M
- 1.12%
- 1Y
- 2.63%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
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FMBIX vs. DFABX - Expense Ratio Comparison
FMBIX has a 0.07% expense ratio, which is lower than DFABX's 0.25% 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%.
Return for Risk
FMBIX vs. DFABX — Risk / Return Rank
FMBIX
DFABX
FMBIX vs. DFABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FMBIX | DFABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 2.44 | — |
Correlation
The correlation between FMBIX and DFABX is 0.41, 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.
Dividends
FMBIX vs. DFABX - Dividend Comparison
FMBIX has not paid dividends to shareholders, while DFABX's dividend yield for the trailing twelve months is around 2.70%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 0.00% | 0.70% | 2.60% | 2.29% | 1.17% | 1.28% | 1.59% | 0.77% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 2.70% | 2.33% | 2.86% | 2.52% | 1.25% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMBIX vs. DFABX - Drawdown Comparison
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Drawdown Indicators
| FMBIX | DFABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -2.46% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.50% | — |
Current DrawdownCurrent decline from peak | — | -0.06% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.25% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.09% | — |
Volatility
FMBIX vs. DFABX - Volatility Comparison
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Volatility by Period
| FMBIX | DFABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 0.71% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 0.97% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 0.97% | — |