FMBIX vs. VOO
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard S&P 500 ETF (VOO).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or VOO.
Correlation
The correlation between FMBIX and VOO 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. VOO - Performance Comparison
Key characteristics
FMBIX:
0.95
VOO:
0.32
FMBIX:
1.30
VOO:
0.57
FMBIX:
1.19
VOO:
1.08
FMBIX:
0.53
VOO:
0.32
FMBIX:
2.91
VOO:
1.42
FMBIX:
1.20%
VOO:
4.19%
FMBIX:
3.67%
VOO:
18.73%
FMBIX:
-14.31%
VOO:
-33.99%
FMBIX:
-2.60%
VOO:
-13.85%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.59% return, which is significantly higher than VOO's -9.88% return.
FMBIX
0.59%
0.75%
0.04%
3.43%
0.53%
N/A
VOO
-9.88%
-5.88%
-9.00%
6.61%
14.69%
11.64%
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FMBIX vs. VOO - Expense Ratio Comparison
FMBIX has a 0.07% expense ratio, which is higher than VOO'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%.
Risk-Adjusted Performance
FMBIX vs. VOO — Risk-Adjusted Performance Rank
FMBIX
VOO
FMBIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.67%, more than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.67% | 2.58% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FMBIX vs. VOO - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FMBIX and VOO. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. VOO - Volatility Comparison
The current volatility for Fidelity Municipal Bond Index Fund (FMBIX) is 1.33%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.31%. This indicates that FMBIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.