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:
0.79
VTEB:
0.70
FMBIX:
1.07
VTEB:
1.00
FMBIX:
1.16
VTEB:
1.13
FMBIX:
0.42
VTEB:
0.57
FMBIX:
2.30
VTEB:
2.52
FMBIX:
1.20%
VTEB:
1.04%
FMBIX:
3.49%
VTEB:
3.76%
FMBIX:
-14.31%
VTEB:
-17.00%
FMBIX:
-1.90%
VTEB:
-0.73%
Returns By Period
In the year-to-date period, FMBIX achieves a 1.31% return, which is significantly higher than VTEB's 0.88% return.
FMBIX
1.31%
1.02%
1.24%
2.93%
0.02%
N/A
VTEB
0.88%
0.88%
0.84%
2.63%
0.64%
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 2.60%, less than VTEB's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.60% | 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 | 3.15% | 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 1.01%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.11%. 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.