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.
Key characteristics
| FMBIX | VOO | |
|---|---|---|
| YTD Return | 1.54% | 27.15% |
| 1Y Return | 7.43% | 39.90% |
| 3Y Return (Ann) | -0.81% | 10.28% |
| 5Y Return (Ann) | 0.49% | 16.00% |
| Sharpe Ratio | 1.91 | 3.15 |
| Sortino Ratio | 2.80 | 4.19 |
| Omega Ratio | 1.44 | 1.59 |
| Calmar Ratio | 0.72 | 4.60 |
| Martin Ratio | 6.90 | 21.00 |
| Ulcer Index | 0.95% | 1.85% |
| Daily Std Dev | 3.48% | 12.34% |
| Max Drawdown | -14.31% | -33.99% |
| Current Drawdown | -3.14% | 0.00% |
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
In the year-to-date period, FMBIX achieves a 1.54% return, which is significantly lower than VOO's 27.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. 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 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 2.52%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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 1.80%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. 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.