FSMUX vs. SUMAX
Compare and contrast key facts about Strategic Advisers Municipal Bond Fund (FSMUX) and SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX).
FSMUX is managed by Fidelity. It was launched on Jun 24, 2021. SUMAX is managed by SEI. It was launched on Nov 12, 2003.
Performance
FSMUX vs. SUMAX - Performance Comparison
Loading graphics...
FSMUX vs. SUMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 0.14% | 4.38% | 2.49% | 3.22% | -2.08% | -0.18% |
Returns By Period
In the year-to-date period, FSMUX achieves a -1.13% return, which is significantly lower than SUMAX's 0.14% return.
FSMUX
- 1D
- 0.11%
- 1M
- -2.56%
- YTD
- -1.13%
- 6M
- 0.12%
- 1Y
- 2.39%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
SUMAX
- 1D
- 0.00%
- 1M
- -0.79%
- YTD
- 0.14%
- 6M
- 0.74%
- 1Y
- 2.90%
- 3Y*
- 3.01%
- 5Y*
- 1.59%
- 10Y*
- 1.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FSMUX vs. SUMAX - Expense Ratio Comparison
FSMUX has a 0.06% expense ratio, which is lower than SUMAX's 0.63% expense ratio.
Return for Risk
FSMUX vs. SUMAX — Risk / Return Rank
FSMUX
SUMAX
FSMUX vs. SUMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Municipal Bond Fund (FSMUX) and SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX). 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.
| FSMUX | SUMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 2.20 | -1.57 |
Sortino ratioReturn per unit of downside risk | 0.87 | 3.63 | -2.76 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.92 | -0.73 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 2.72 | -2.45 |
Martin ratioReturn relative to average drawdown | 0.78 | 12.23 | -11.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FSMUX | SUMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 2.20 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 1.54 | -1.54 |
Correlation
The correlation between FSMUX and SUMAX is 0.61, 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.
Dividends
FSMUX vs. SUMAX - Dividend Comparison
FSMUX's dividend yield for the trailing twelve months is around 2.35%, less than SUMAX's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMUX Strategic Advisers Municipal Bond Fund | 2.35% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 2.56% | 3.37% | 2.36% | 1.73% | 0.71% | 0.58% | 1.06% | 1.45% | 1.08% | 0.67% | 0.39% | 0.79% |
Drawdowns
FSMUX vs. SUMAX - Drawdown Comparison
The maximum FSMUX drawdown since its inception was -16.27%, which is greater than SUMAX's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for FSMUX and SUMAX.
Loading graphics...
Drawdown Indicators
| FSMUX | SUMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.27% | -3.70% | -12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.30% | -1.20% | -4.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.70% | — |
Current DrawdownCurrent decline from peak | -2.56% | -0.79% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -0.26% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.27% | +1.69% |
Volatility
FSMUX vs. SUMAX - Volatility Comparison
Strategic Advisers Municipal Bond Fund (FSMUX) has a higher volatility of 0.99% compared to SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) at 0.27%. This indicates that FSMUX's price experiences larger fluctuations and is considered to be riskier than SUMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FSMUX | SUMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.27% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 0.76% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 1.49% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 1.37% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 1.22% | +3.45% |