FMNDX vs. FMBIX

In the year-to-date period, FMNDX achieves a 1.00% return, which is significantly higher than FMBIX's 0.60% return.

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FMNDX has a 0.25% expense ratio, which is higher than FMBIX's 0.07% 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%.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Fidelity Municipal Bond Index Fund (FMBIX). 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.

The current FMNDX Sharpe Ratio is 3.19, which is higher than the FMBIX Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FMNDX and FMBIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMNDX's dividend yield for the trailing twelve months is around 3.19%, more than FMBIX's 2.46% yield.

The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum FMBIX drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for FMNDX and FMBIX. For additional features, visit the drawdowns tool.