FMBIX vs. FXNAX
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and Fidelity U.S. Bond Index Fund (FXNAX).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or FXNAX.
Performance
FMBIX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, FMBIX achieves a 1.81% return, which is significantly higher than FXNAX's 1.62% return.
FMBIX
1.81%
1.15%
3.54%
5.75%
0.45%
N/A
FXNAX
1.62%
-0.58%
3.21%
6.17%
-0.52%
1.25%
Key characteristics
| FMBIX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 1.36 | 0.89 |
| Sortino Ratio | 1.95 | 1.33 |
| Omega Ratio | 1.30 | 1.16 |
| Calmar Ratio | 0.68 | 0.35 |
| Martin Ratio | 4.58 | 2.73 |
| Ulcer Index | 0.99% | 1.84% |
| Daily Std Dev | 3.40% | 5.69% |
| Max Drawdown | -14.31% | -19.64% |
| Current Drawdown | -2.88% | -10.08% |
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FMBIX vs. FXNAX - Expense Ratio Comparison
FMBIX has a 0.07% expense ratio, which is higher than FXNAX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FMBIX and FXNAX is 0.50, 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.
Risk-Adjusted Performance
FMBIX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.51%, less than FXNAX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.51% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FMBIX vs. FXNAX - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FMBIX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. FXNAX - Volatility Comparison
Fidelity Municipal Bond Index Fund (FMBIX) has a higher volatility of 1.53% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.44%. This indicates that FMBIX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.