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FMNDX vs. FTBFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FMNDX and FTBFX is 0.02, 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.


Performance

FMNDX vs. FTBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Fidelity Total Bond Fund (FTBFX). The values are adjusted to include any dividend payments, if applicable.

15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
16.30%
30.18%
FMNDX
FTBFX

Key characteristics

Sharpe Ratio

FMNDX:

3.19

FTBFX:

1.14

Sortino Ratio

FMNDX:

8.04

FTBFX:

1.70

Omega Ratio

FMNDX:

3.13

FTBFX:

1.20

Calmar Ratio

FMNDX:

8.68

FTBFX:

0.61

Martin Ratio

FMNDX:

33.17

FTBFX:

3.32

Ulcer Index

FMNDX:

0.10%

FTBFX:

1.80%

Daily Std Dev

FMNDX:

1.08%

FTBFX:

5.25%

Max Drawdown

FMNDX:

-1.69%

FTBFX:

-18.19%

Current Drawdown

FMNDX:

0.00%

FTBFX:

-3.78%

Returns By Period

In the year-to-date period, FMNDX achieves a 1.00% return, which is significantly lower than FTBFX's 2.14% return. Over the past 10 years, FMNDX has underperformed FTBFX with an annualized return of 1.44%, while FTBFX has yielded a comparatively higher 2.01% annualized return.


FMNDX

YTD

1.00%

1M

0.18%

6M

1.54%

1Y

3.44%

5Y*

1.92%

10Y*

1.44%

FTBFX

YTD

2.14%

1M

0.21%

6M

2.16%

1Y

5.76%

5Y*

0.36%

10Y*

2.01%

*Annualized

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FMNDX vs. FTBFX - Expense Ratio Comparison

FMNDX has a 0.25% expense ratio, which is lower than FTBFX's 0.45% expense ratio.


Risk-Adjusted Performance

FMNDX vs. FTBFX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMNDX
The Risk-Adjusted Performance Rank of FMNDX is 9999
Overall Rank
The Sharpe Ratio Rank of FMNDX is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of FMNDX is 9999
Sortino Ratio Rank
The Omega Ratio Rank of FMNDX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of FMNDX is 9999
Calmar Ratio Rank
The Martin Ratio Rank of FMNDX is 9999
Martin Ratio Rank

FTBFX
The Risk-Adjusted Performance Rank of FTBFX is 7575
Overall Rank
The Sharpe Ratio Rank of FTBFX is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of FTBFX is 8181
Sortino Ratio Rank
The Omega Ratio Rank of FTBFX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of FTBFX is 6565
Calmar Ratio Rank
The Martin Ratio Rank of FTBFX is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FMNDX vs. FTBFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Fidelity Total Bond Fund (FTBFX). 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 FTBFX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FMNDX and FTBFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
3.19
1.14
FMNDX
FTBFX

Dividends

FMNDX vs. FTBFX - Dividend Comparison

FMNDX's dividend yield for the trailing twelve months is around 3.19%, less than FTBFX's 4.11% yield.


TTM20242023202220212020201920182017201620152014
FMNDX
Fidelity Conservative Income Municipal Bond Fund Institutional Class
3.19%3.26%2.88%1.06%0.25%0.87%1.58%1.45%0.99%0.71%0.42%0.26%
FTBFX
Fidelity Total Bond Fund
4.11%4.51%4.15%3.33%2.24%5.22%3.03%3.19%2.98%3.21%3.71%3.14%

Drawdowns

FMNDX vs. FTBFX - Drawdown Comparison

The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum FTBFX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for FMNDX and FTBFX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay0
-3.78%
FMNDX
FTBFX

Volatility

FMNDX vs. FTBFX - Volatility Comparison

The current volatility for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) is 0.44%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.66%. This indicates that FMNDX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%December2025FebruaryMarchAprilMay
0.44%
1.66%
FMNDX
FTBFX