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 0.72, 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:
0.21
VTEB:
0.31
FMBIX:
0.30
VTEB:
0.45
FMBIX:
1.04
VTEB:
1.06
FMBIX:
0.11
VTEB:
0.26
FMBIX:
0.69
VTEB:
1.24
FMBIX:
1.04%
VTEB:
0.96%
FMBIX:
3.38%
VTEB:
3.83%
FMBIX:
-14.31%
VTEB:
-17.00%
FMBIX:
-3.92%
VTEB:
-1.96%
Returns By Period
In the year-to-date period, FMBIX achieves a 0.72% return, which is significantly lower than VTEB's 0.94% return.
FMBIX
0.72%
-1.07%
0.77%
0.88%
0.17%
N/A
VTEB
0.94%
-0.81%
1.17%
1.24%
0.96%
N/A
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. 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 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 2.34%, less than VTEB's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.34% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 2.87% | 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
Fidelity Municipal Bond Index Fund (FMBIX) has a higher volatility of 1.27% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.17%. This indicates that FMBIX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.