FMBIX vs. VTEX
Compare and contrast key facts about Fidelity Municipal Bond Index Fund (FMBIX) and VTEX (VTEX).
FMBIX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMBIX or VTEX.
Performance
FMBIX vs. VTEX - Performance Comparison
Returns By Period
In the year-to-date period, FMBIX achieves a 1.81% return, which is significantly higher than VTEX's -8.72% return.
FMBIX
1.81%
0.02%
3.09%
5.98%
0.45%
N/A
VTEX
-8.72%
-7.92%
-10.16%
-8.99%
N/A
N/A
Key characteristics
| FMBIX | VTEX | |
|---|---|---|
| Sharpe Ratio | 1.64 | -0.26 |
| Sortino Ratio | 2.41 | -0.10 |
| Omega Ratio | 1.37 | 0.99 |
| Calmar Ratio | 0.72 | -0.14 |
| Martin Ratio | 5.73 | -0.53 |
| Ulcer Index | 0.98% | 20.98% |
| Daily Std Dev | 3.41% | 42.80% |
| Max Drawdown | -14.31% | -91.38% |
| Current Drawdown | -2.88% | -80.53% |
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Correlation
The correlation between FMBIX and VTEX is 0.13, 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.
Risk-Adjusted Performance
FMBIX vs. VTEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Bond Index Fund (FMBIX) and VTEX (VTEX). 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. VTEX - Dividend Comparison
FMBIX's dividend yield for the trailing twelve months is around 2.51%, while VTEX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FMBIX Fidelity Municipal Bond Index Fund | 2.51% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% |
VTEX VTEX | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMBIX vs. VTEX - Drawdown Comparison
The maximum FMBIX drawdown since its inception was -14.31%, smaller than the maximum VTEX drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for FMBIX and VTEX. For additional features, visit the drawdowns tool.
Volatility
FMBIX vs. VTEX - Volatility Comparison
The current volatility for Fidelity Municipal Bond Index Fund (FMBIX) is 1.73%, while VTEX (VTEX) has a volatility of 7.39%. This indicates that FMBIX experiences smaller price fluctuations and is considered to be less risky than VTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.