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.
Key characteristics
| FMBIX | MUB | |
|---|---|---|
| YTD Return | 1.49% | 1.25% |
| 1Y Return | 7.25% | 6.33% |
| 3Y Return (Ann) | -0.81% | -0.18% |
| 5Y Return (Ann) | 0.43% | 1.15% |
| Sharpe Ratio | 1.81 | 1.62 |
| Sortino Ratio | 2.65 | 2.37 |
| Omega Ratio | 1.41 | 1.31 |
| Calmar Ratio | 0.71 | 0.88 |
| Martin Ratio | 6.47 | 6.96 |
| Ulcer Index | 0.96% | 0.93% |
| Daily Std Dev | 3.48% | 3.98% |
| Max Drawdown | -14.31% | -13.68% |
| Current Drawdown | -3.19% | -1.52% |
Correlation
The correlation between FMBIX and MUB is 0.68, 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.
Performance
FMBIX vs. MUB - Performance Comparison
In the year-to-date period, FMBIX achieves a 1.49% return, which is significantly higher than MUB's 1.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 2.52%, less than MUB's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.52% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 2.96% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
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 1.80%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.97%. 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.