FMNDX vs. TRBUX

As of year-to-date, both investments have demonstrated similar returns, with FMNDX at 1.00% and TRBUX at 1.00%. Over the past 10 years, FMNDX has underperformed TRBUX with an annualized return of 1.44%, while TRBUX has yielded a comparatively higher 2.67% annualized return.

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FMNDX has a 0.25% expense ratio, which is lower than TRBUX's 0.31% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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.

The current FMNDX Sharpe Ratio is 3.19, which is comparable to the TRBUX Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of FMNDX and TRBUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMNDX's dividend yield for the trailing twelve months is around 3.19%, less than TRBUX's 4.64% yield.

The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum TRBUX drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for FMNDX and TRBUX. For additional features, visit the drawdowns tool.