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 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMBIX vs. VTEB - Performance Comparison
Key characteristics
FMBIX:
0.85
VTEB:
0.75
FMBIX:
1.16
VTEB:
1.06
FMBIX:
1.17
VTEB:
1.14
FMBIX:
0.56
VTEB:
0.63
FMBIX:
2.66
VTEB:
2.68
FMBIX:
1.13%
VTEB:
1.09%
FMBIX:
3.54%
VTEB:
3.86%
FMBIX:
-14.06%
VTEB:
-17.00%
FMBIX:
-1.68%
VTEB:
-1.40%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.00% return, which is significantly lower than VTEB's 0.20% return.
FMBIX
0.00%
0.51%
1.29%
3.16%
0.37%
N/A
VTEB
0.20%
0.50%
1.16%
2.68%
0.74%
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 3.23%, more than VTEB's 3.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 3.23% | 3.23% | 2.89% | 2.30% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.13% | 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 -14.06%, 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
Fidelity Municipal Bond Index Fund (FMBIX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.09% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.