FMBIX vs. VTEB
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or VTEB.
Correlation
The correlation between FMBIX and VTEB 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. VTEB - Performance Comparison
Key characteristics
FMBIX:
0.66
VTEB:
0.10
FMBIX:
0.93
VTEB:
0.16
FMBIX:
1.14
VTEB:
1.02
FMBIX:
0.37
VTEB:
0.10
FMBIX:
2.00
VTEB:
0.32
FMBIX:
1.22%
VTEB:
1.52%
FMBIX:
3.61%
VTEB:
4.73%
FMBIX:
-14.31%
VTEB:
-17.00%
FMBIX:
-2.59%
VTEB:
-2.92%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.60% return, which is significantly higher than VTEB's -1.35% return.
FMBIX
0.60%
0.00%
0.57%
2.45%
0.90%
N/A
VTEB
-1.35%
1.11%
-1.63%
0.48%
0.91%
N/A
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FMBIX vs. VTEB - Expense Ratio Comparison
FMBIX has a 0.07% expense ratio, which is higher than VTEB's 0.05% 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. VTEB — Risk-Adjusted Performance Rank
FMBIX
VTEB
FMBIX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.46%, less than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
FMBIX vs. VTEB - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FMBIX and VTEB. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. VTEB - Volatility Comparison
The current volatility for Fidelity Municipal Bond Index Fund (FMBIX) is 0.00%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.59%. This indicates that FMBIX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.