FMNDX vs. TRBUX
Compare and contrast key facts about Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
FMNDX is managed by Fidelity. It was launched on Oct 15, 2013. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMNDX or TRBUX.
Correlation
The correlation between FMNDX and TRBUX is 0.18, 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. TRBUX - Performance Comparison
Key characteristics
FMNDX:
3.34
TRBUX:
3.53
FMNDX:
9.14
TRBUX:
9.48
FMNDX:
3.36
TRBUX:
4.00
FMNDX:
17.89
TRBUX:
30.68
FMNDX:
47.59
TRBUX:
59.78
FMNDX:
0.08%
TRBUX:
0.10%
FMNDX:
1.07%
TRBUX:
1.73%
FMNDX:
-1.69%
TRBUX:
-4.15%
FMNDX:
0.00%
TRBUX:
0.00%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FMNDX at 0.44% and TRBUX at 0.44%. Over the past 10 years, FMNDX has underperformed TRBUX with an annualized return of 1.38%, while TRBUX has yielded a comparatively higher 2.56% annualized return.
FMNDX
0.44%
0.34%
1.62%
3.58%
1.68%
1.38%
TRBUX
0.44%
0.44%
2.80%
6.08%
2.99%
2.56%
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FMNDX vs. TRBUX - Expense Ratio Comparison
FMNDX has a 0.25% expense ratio, which is lower than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
FMNDX vs. TRBUX — Risk-Adjusted Performance Rank
FMNDX
TRBUX
FMNDX vs. TRBUX - 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 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.
Dividends
FMNDX vs. TRBUX - Dividend Comparison
FMNDX's dividend yield for the trailing twelve months is around 3.21%, less than TRBUX's 5.08% 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% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.08% | 5.05% | 4.02% | 1.97% | 1.11% | 1.83% | 2.72% | 2.58% | 1.88% | 1.20% | 0.80% | 0.42% |
Drawdowns
FMNDX vs. TRBUX - Drawdown Comparison
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.
Volatility
FMNDX vs. TRBUX - Volatility Comparison
The current volatility for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) is 0.29%, while T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) has a volatility of 0.43%. This indicates that FMNDX experiences smaller price fluctuations and is considered to be less risky than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.