FSAZX vs. VTEB
Compare and contrast key facts about Fidelity Arizona Municipal Income Fund (FSAZX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FSAZX is managed by Fidelity. It was launched on Oct 11, 1994. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSAZX or VTEB.
Correlation
The correlation between FSAZX and VTEB is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSAZX vs. VTEB - Performance Comparison
Key characteristics
FSAZX:
0.82
VTEB:
0.55
FSAZX:
1.11
VTEB:
0.79
FSAZX:
1.17
VTEB:
1.10
FSAZX:
0.48
VTEB:
0.44
FSAZX:
2.50
VTEB:
1.98
FSAZX:
1.04%
VTEB:
1.03%
FSAZX:
3.18%
VTEB:
3.73%
FSAZX:
-13.81%
VTEB:
-17.00%
FSAZX:
-2.00%
VTEB:
-1.45%
Returns By Period
In the year-to-date period, FSAZX achieves a 0.31% return, which is significantly higher than VTEB's 0.14% return.
FSAZX
0.31%
0.75%
0.33%
2.70%
0.41%
1.91%
VTEB
0.14%
0.53%
0.20%
1.92%
0.66%
N/A
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FSAZX vs. VTEB - Expense Ratio Comparison
FSAZX has a 0.55% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FSAZX vs. VTEB — Risk-Adjusted Performance Rank
FSAZX
VTEB
FSAZX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Arizona Municipal Income Fund (FSAZX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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
FSAZX vs. VTEB - Dividend Comparison
FSAZX's dividend yield for the trailing twelve months is around 2.57%, less than VTEB's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAZX Fidelity Arizona Municipal Income Fund | 2.57% | 2.58% | 2.43% | 2.27% | 2.00% | 2.18% | 2.35% | 2.53% | 2.53% | 2.76% | 3.97% | 3.27% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.15% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
FSAZX vs. VTEB - Drawdown Comparison
The maximum FSAZX drawdown since its inception was -13.81%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FSAZX and VTEB. For additional features, visit the drawdowns tool.
Volatility
FSAZX vs. VTEB - Volatility Comparison
The current volatility for Fidelity Arizona Municipal Income Fund (FSAZX) is 0.95%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.08%. This indicates that FSAZX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.