FMNDX vs. MUB
Compare and contrast key facts about Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and iShares National AMT-Free Muni Bond ETF (MUB).
FMNDX is managed by Fidelity. It was launched on Oct 15, 2013. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNDX or MUB.
Correlation
The correlation between FMNDX and MUB is 0.22, 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. MUB - Performance Comparison
Key characteristics
FMNDX:
3.34
MUB:
0.55
FMNDX:
9.14
MUB:
0.78
FMNDX:
3.36
MUB:
1.10
FMNDX:
17.89
MUB:
0.45
FMNDX:
47.59
MUB:
1.95
FMNDX:
0.08%
MUB:
1.05%
FMNDX:
1.07%
MUB:
3.76%
FMNDX:
-1.69%
MUB:
-13.68%
FMNDX:
0.00%
MUB:
-1.08%
Returns By Period
In the year-to-date period, FMNDX achieves a 0.44% return, which is significantly lower than MUB's 0.53% return. Over the past 10 years, FMNDX has underperformed MUB with an annualized return of 1.38%, while MUB has yielded a comparatively higher 2.07% annualized return.
FMNDX
0.44%
0.34%
1.62%
3.58%
1.68%
1.38%
MUB
0.53%
0.70%
0.61%
2.07%
0.66%
2.07%
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FMNDX vs. MUB - Expense Ratio Comparison
FMNDX has a 0.25% expense ratio, which is higher than MUB'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%.
Risk-Adjusted Performance
FMNDX vs. MUB — Risk-Adjusted Performance Rank
FMNDX
MUB
FMNDX vs. MUB - 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 iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
FMNDX's dividend yield for the trailing twelve months is around 3.21%, more than MUB's 3.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 3.21% | 3.24% | 2.88% | 1.07% | 0.27% | 0.86% | 1.57% | 1.44% | 0.97% | 0.69% | 0.41% | 0.26% |
MUB iShares National AMT-Free Muni Bond ETF | 3.01% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
FMNDX vs. MUB - Drawdown Comparison
The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FMNDX and MUB. For additional features, visit the drawdowns tool.
Volatility
FMNDX vs. MUB - Volatility Comparison
The current volatility for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) is 0.29%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.12%. This indicates that FMNDX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.