FMNDX vs. TIMUX
Compare and contrast key facts about Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Transamerica Intermediate Muni (TIMUX).
FMNDX is managed by Fidelity. It was launched on Oct 15, 2013. TIMUX is managed by Transamerica. It was launched on Oct 30, 2012.
Performance
FMNDX vs. TIMUX - Performance Comparison
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FMNDX vs. TIMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 0.30% | 3.31% | 3.04% | 3.37% | -0.09% | 0.03% | 0.86% | 2.00% | 1.58% | 1.10% |
TIMUX Transamerica Intermediate Muni | -0.12% | 3.88% | 2.47% | 5.52% | -12.27% | 2.30% | 4.30% | 7.43% | 1.08% | 5.61% |
Returns By Period
In the year-to-date period, FMNDX achieves a 0.30% return, which is significantly higher than TIMUX's -0.12% return. Over the past 10 years, FMNDX has underperformed TIMUX with an annualized return of 1.55%, while TIMUX has yielded a comparatively higher 1.66% annualized return.
FMNDX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.30%
- 6M
- 1.06%
- 1Y
- 2.67%
- 3Y*
- 3.04%
- 5Y*
- 1.98%
- 10Y*
- 1.55%
TIMUX
- 1D
- 0.28%
- 1M
- -2.11%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.79%
- 3Y*
- 2.90%
- 5Y*
- 0.17%
- 10Y*
- 1.66%
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FMNDX vs. TIMUX - Expense Ratio Comparison
FMNDX has a 0.25% expense ratio, which is lower than TIMUX's 0.49% expense ratio.
Return for Risk
FMNDX vs. TIMUX — Risk / Return Rank
FMNDX
TIMUX
FMNDX vs. TIMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Transamerica Intermediate Muni (TIMUX). 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.
| FMNDX | TIMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.85 | 0.92 | +1.93 |
Sortino ratioReturn per unit of downside risk | 6.52 | 1.23 | +5.30 |
Omega ratioGain probability vs. loss probability | 2.73 | 1.27 | +1.46 |
Calmar ratioReturn relative to maximum drawdown | 7.66 | 1.01 | +6.66 |
Martin ratioReturn relative to average drawdown | 29.05 | 3.18 | +25.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMNDX | TIMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 0.92 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.90 | 0.04 | +1.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.74 | 0.40 | +1.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.66 | 0.70 | +0.96 |
Correlation
The correlation between FMNDX and TIMUX is 0.36, 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.
Dividends
FMNDX vs. TIMUX - Dividend Comparison
FMNDX's dividend yield for the trailing twelve months is around 2.64%, less than TIMUX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 2.64% | 2.95% | 2.99% | 2.60% | 0.61% | 0.23% | 0.85% | 1.58% | 1.46% | 1.00% | 0.75% | 0.38% |
TIMUX Transamerica Intermediate Muni | 3.13% | 3.47% | 3.09% | 2.03% | 1.79% | 2.11% | 2.24% | 2.55% | 2.46% | 2.07% | 2.53% | 2.21% |
Drawdowns
FMNDX vs. TIMUX - Drawdown Comparison
The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum TIMUX drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for FMNDX and TIMUX.
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Drawdown Indicators
| FMNDX | TIMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | -17.93% | +16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -4.67% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -1.09% | -17.93% | +16.84% |
Max Drawdown (10Y)Largest decline over 10 years | -1.69% | -17.93% | +16.24% |
Current DrawdownCurrent decline from peak | -0.30% | -2.29% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -3.20% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 1.48% | -1.38% |
Volatility
FMNDX vs. TIMUX - Volatility Comparison
The current volatility for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) is 0.16%, while Transamerica Intermediate Muni (TIMUX) has a volatility of 1.09%. This indicates that FMNDX experiences smaller price fluctuations and is considered to be less risky than TIMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMNDX | TIMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 1.09% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 1.57% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.01% | 4.48% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.05% | 4.11% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 4.20% | -3.30% |