FMNDX vs. SGOV
Compare and contrast key facts about Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
FMNDX is managed by Fidelity. It was launched on Oct 15, 2013. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNDX or SGOV.
Correlation
The correlation between FMNDX and SGOV is 0.03, 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. SGOV - Performance Comparison
Key characteristics
FMNDX:
3.34
SGOV:
22.19
FMNDX:
9.14
SGOV:
501.74
FMNDX:
3.36
SGOV:
502.74
FMNDX:
17.89
SGOV:
514.41
FMNDX:
47.59
SGOV:
8,166.04
FMNDX:
0.08%
SGOV:
0.00%
FMNDX:
1.07%
SGOV:
0.23%
FMNDX:
-1.69%
SGOV:
-0.03%
FMNDX:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, FMNDX achieves a 0.44% return, which is significantly lower than SGOV's 0.56% return.
FMNDX
0.44%
0.34%
1.62%
3.58%
1.68%
1.38%
SGOV
0.56%
0.34%
2.34%
5.10%
N/A
N/A
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FMNDX vs. SGOV - Expense Ratio Comparison
FMNDX has a 0.25% expense ratio, which is higher than SGOV's 0.03% 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. SGOV — Risk-Adjusted Performance Rank
FMNDX
SGOV
FMNDX vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
FMNDX's dividend yield for the trailing twelve months is around 3.21%, less than SGOV's 4.99% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.99% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMNDX vs. SGOV - Drawdown Comparison
The maximum FMNDX drawdown since its inception was -1.69%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FMNDX and SGOV. For additional features, visit the drawdowns tool.
Volatility
FMNDX vs. SGOV - Volatility Comparison
Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) has a higher volatility of 0.29% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that FMNDX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.