FMNDX vs. FTBFX
Compare and contrast key facts about Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Fidelity Total Bond Fund (FTBFX).
FMNDX is managed by Fidelity. It was launched on Oct 15, 2013. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNDX or FTBFX.
Key characteristics
| FMNDX | FTBFX | |
|---|---|---|
| YTD Return | 2.96% | 4.93% |
| 1Y Return | 4.24% | 13.69% |
| 3Y Return (Ann) | 2.18% | -0.67% |
| 5Y Return (Ann) | 1.60% | 1.46% |
| 10Y Return (Ann) | 1.29% | 2.50% |
| Sharpe Ratio | 3.87 | 2.44 |
| Sortino Ratio | 12.08 | 3.70 |
| Omega Ratio | 4.49 | 1.46 |
| Calmar Ratio | 21.32 | 0.93 |
| Martin Ratio | 63.67 | 11.97 |
| Ulcer Index | 0.07% | 1.20% |
| Daily Std Dev | 1.09% | 5.92% |
| Max Drawdown | -1.69% | -17.61% |
| Current Drawdown | -0.10% | -3.25% |
Correlation
The correlation between FMNDX and FTBFX is 0.25, 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
In the year-to-date period, FMNDX achieves a 2.96% return, which is significantly lower than FTBFX's 4.93% return. Over the past 10 years, FMNDX has underperformed FTBFX with an annualized return of 1.29%, while FTBFX has yielded a comparatively higher 2.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FMNDX vs. FTBFX - Dividend Comparison
FMNDX's dividend yield for the trailing twelve months is around 3.24%, less than FTBFX's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 3.24% | 2.88% | 1.06% | 0.25% | 0.87% | 1.58% | 1.45% | 0.99% | 0.71% | 0.42% | 0.26% | 0.02% |
FTBFX Fidelity Total Bond Fund | 4.53% | 4.15% | 3.33% | 2.24% | 5.22% | 3.03% | 3.18% | 2.98% | 3.21% | 3.71% | 3.13% | 3.91% |
Drawdowns
FMNDX vs. FTBFX - Drawdown Comparison
The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum FTBFX drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for FMNDX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
FMNDX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) is 0.29%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.21%. 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.