FMBIX vs. MUB
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and iShares National AMT-Free Muni Bond ETF (MUB).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or MUB.
Correlation
The correlation between FMBIX and MUB 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. MUB - Performance Comparison
Key characteristics
FMBIX:
0.66
MUB:
0.09
FMBIX:
0.93
MUB:
0.14
FMBIX:
1.14
MUB:
1.02
FMBIX:
0.37
MUB:
0.08
FMBIX:
2.00
MUB:
0.27
FMBIX:
1.22%
MUB:
1.50%
FMBIX:
3.61%
MUB:
4.76%
FMBIX:
-14.31%
MUB:
-13.68%
FMBIX:
-2.59%
MUB:
-2.68%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.60% return, which is significantly higher than MUB's -1.09% return.
FMBIX
0.60%
0.00%
0.57%
2.45%
0.90%
N/A
MUB
-1.09%
1.20%
-1.43%
0.44%
0.87%
1.99%
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FMBIX vs. MUB - Expense Ratio Comparison
Both FMBIX and MUB have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FMBIX vs. MUB — Risk-Adjusted Performance Rank
FMBIX
MUB
FMBIX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.46%, less than MUB's 3.14% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
FMBIX vs. MUB - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, roughly equal to the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FMBIX and MUB. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. MUB - Volatility Comparison
The current volatility for Fidelity Municipal Bond Index Fund (FMBIX) is 0.00%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.63%. This indicates that FMBIX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.