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 0.23, 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:
3.21
MUB:
0.12
FMNDX:
8.25
MUB:
0.18
FMNDX:
3.27
MUB:
1.03
FMNDX:
8.64
MUB:
0.12
FMNDX:
39.20
MUB:
0.42
FMNDX:
0.09%
MUB:
1.31%
FMNDX:
1.06%
MUB:
4.66%
FMNDX:
-1.69%
MUB:
-13.68%
FMNDX:
-0.30%
MUB:
-3.58%
Returns By Period
In the year-to-date period, FMNDX achieves a 0.62% return, which is significantly higher than MUB's -2.01% return. Over the past 10 years, FMNDX has underperformed MUB with an annualized return of 1.40%, while MUB has yielded a comparatively higher 1.78% annualized return.
FMNDX
0.62%
-0.04%
1.25%
3.44%
1.85%
1.40%
MUB
-2.01%
-1.96%
-2.51%
0.38%
0.56%
1.78%
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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 3.18%, more than MUB's 3.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 3.18% | 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 | 3.13% | 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 0.43%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 2.98%. 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.