FMBIX vs. FTFMX
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and Fidelity New York Municipal Income Fund (FTFMX).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. FTFMX is managed by Fidelity. It was launched on Jul 10, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or FTFMX.
Correlation
The correlation between FMBIX and FTFMX is 0.04, 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
FMBIX vs. FTFMX - Performance Comparison
Key characteristics
FMBIX:
0.66
FTFMX:
0.07
FMBIX:
0.93
FTFMX:
0.15
FMBIX:
1.14
FTFMX:
1.02
FMBIX:
0.37
FTFMX:
0.07
FMBIX:
2.00
FTFMX:
0.26
FMBIX:
1.22%
FTFMX:
1.98%
FMBIX:
3.61%
FTFMX:
5.85%
FMBIX:
-14.31%
FTFMX:
-19.44%
FMBIX:
-2.59%
FTFMX:
-4.74%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.60% return, which is significantly higher than FTFMX's -1.43% return.
FMBIX
0.60%
0.00%
0.57%
2.45%
0.90%
N/A
FTFMX
-1.43%
3.08%
-1.69%
0.42%
0.92%
1.61%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMBIX vs. FTFMX - Expense Ratio Comparison
FMBIX has a 0.07% expense ratio, which is lower than FTFMX's 0.46% expense ratio.
Risk-Adjusted Performance
FMBIX vs. FTFMX — Risk-Adjusted Performance Rank
FMBIX
FTFMX
FMBIX vs. FTFMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and Fidelity New York Municipal Income Fund (FTFMX). 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
FMBIX vs. FTFMX - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.46%, less than FTFMX's 2.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.46% | 2.58% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTFMX Fidelity New York Municipal Income Fund | 2.62% | 2.79% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% |
Drawdowns
FMBIX vs. FTFMX - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, smaller than the maximum FTFMX drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for FMBIX and FTFMX. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. FTFMX - Volatility Comparison
The current volatility for Fidelity Municipal Bond Index Fund (FMBIX) is 0.00%, while Fidelity New York Municipal Income Fund (FTFMX) has a volatility of 2.95%. This indicates that FMBIX experiences smaller price fluctuations and is considered to be less risky than FTFMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.