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FUEMX vs. FIPDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FUEMXFIPDX
YTD Return3.37%3.46%
1Y Return4.19%7.44%
3Y Return (Ann)2.43%-2.05%
5Y Return (Ann)1.92%1.76%
Sharpe Ratio3.511.54
Sortino Ratio10.002.31
Omega Ratio3.431.28
Calmar Ratio14.040.59
Martin Ratio53.327.13
Ulcer Index0.08%1.04%
Daily Std Dev1.19%4.88%
Max Drawdown-1.99%-14.29%
Current Drawdown-0.00%-6.12%

Correlation

-0.50.00.51.00.2

The correlation between FUEMX and FIPDX is 0.16, 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

FUEMX vs. FIPDX - Performance Comparison

The year-to-date returns for both investments are quite close, with FUEMX having a 3.37% return and FIPDX slightly higher at 3.46%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.09%
3.95%
FUEMX
FIPDX

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FUEMX vs. FIPDX - Expense Ratio Comparison

FUEMX has a 0.00% expense ratio, which is lower than FIPDX's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FIPDX
Fidelity Inflation-Protected Bond Index Fund
Expense ratio chart for FIPDX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%
Expense ratio chart for FUEMX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FUEMX vs. FIPDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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.


FUEMX
Sharpe ratio
The chart of Sharpe ratio for FUEMX, currently valued at 3.51, compared to the broader market0.002.004.003.51
Sortino ratio
The chart of Sortino ratio for FUEMX, currently valued at 10.00, compared to the broader market0.005.0010.0010.00
Omega ratio
The chart of Omega ratio for FUEMX, currently valued at 3.43, compared to the broader market1.002.003.004.003.43
Calmar ratio
The chart of Calmar ratio for FUEMX, currently valued at 14.04, compared to the broader market0.005.0010.0015.0020.0025.0014.04
Martin ratio
The chart of Martin ratio for FUEMX, currently valued at 53.32, compared to the broader market0.0020.0040.0060.0080.00100.0053.32
FIPDX
Sharpe ratio
The chart of Sharpe ratio for FIPDX, currently valued at 1.57, compared to the broader market0.002.004.001.57
Sortino ratio
The chart of Sortino ratio for FIPDX, currently valued at 2.34, compared to the broader market0.005.0010.002.34
Omega ratio
The chart of Omega ratio for FIPDX, currently valued at 1.29, compared to the broader market1.002.003.004.001.29
Calmar ratio
The chart of Calmar ratio for FIPDX, currently valued at 0.61, compared to the broader market0.005.0010.0015.0020.0025.000.61
Martin ratio
The chart of Martin ratio for FIPDX, currently valued at 7.23, compared to the broader market0.0020.0040.0060.0080.00100.007.23

FUEMX vs. FIPDX - Sharpe Ratio Comparison

The current FUEMX Sharpe Ratio is 3.51, which is higher than the FIPDX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FUEMX and FIPDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.51
1.57
FUEMX
FIPDX

Dividends

FUEMX vs. FIPDX - Dividend Comparison

FUEMX's dividend yield for the trailing twelve months is around 3.49%, less than FIPDX's 5.45% yield.


TTM20232022202120202019201820172016201520142013
FUEMX
Fidelity Flex Conservative Income Municipal Bond Fund
3.49%3.16%1.21%0.55%1.28%1.93%2.29%0.22%0.00%0.00%0.00%0.00%
FIPDX
Fidelity Inflation-Protected Bond Index Fund
5.45%3.59%8.87%4.76%0.24%0.41%0.39%0.09%0.08%0.11%1.10%0.66%

Drawdowns

FUEMX vs. FIPDX - Drawdown Comparison

The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for FUEMX and FIPDX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.00%
-6.12%
FUEMX
FIPDX

Volatility

FUEMX vs. FIPDX - Volatility Comparison

The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.41%, while Fidelity Inflation-Protected Bond Index Fund (FIPDX) has a volatility of 1.19%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
0.41%
1.19%
FUEMX
FIPDX