Correlation
The correlation between FUEMX and FTABX is 0.01, 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.
FUEMX vs. FTABX
Compare and contrast key facts about Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and Fidelity Tax-Free Bond Fund (FTABX).
FUEMX is managed by Fidelity. It was launched on Oct 12, 2017. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUEMX or FTABX.
Performance
FUEMX vs. FTABX - Performance Comparison
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Key characteristics
FUEMX:
3.15
FTABX:
0.40
FUEMX:
6.88
FTABX:
0.47
FUEMX:
2.66
FTABX:
1.08
FUEMX:
7.41
FTABX:
0.31
FUEMX:
32.51
FTABX:
1.01
FUEMX:
0.11%
FTABX:
1.79%
FUEMX:
1.26%
FTABX:
5.39%
FUEMX:
-1.99%
FTABX:
-15.53%
FUEMX:
0.00%
FTABX:
-3.50%
Returns By Period
In the year-to-date period, FUEMX achieves a 1.19% return, which is significantly higher than FTABX's -1.45% return.
FUEMX
1.19%
0.10%
1.57%
3.69%
3.16%
2.13%
N/A
FTABX
-1.45%
-0.47%
-2.54%
1.80%
1.96%
1.14%
2.40%
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FUEMX vs. FTABX - Expense Ratio Comparison
FUEMX has a 0.00% expense ratio, which is lower than FTABX's 0.25% 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%.
Risk-Adjusted Performance
FUEMX vs. FTABX — Risk-Adjusted Performance Rank
FUEMX
FTABX
FUEMX vs. FTABX - 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 Tax-Free Bond Fund (FTABX). 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.
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Dividends
FUEMX vs. FTABX - Dividend Comparison
FUEMX's dividend yield for the trailing twelve months is around 3.12%, more than FTABX's 2.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUEMX Fidelity Flex Conservative Income Municipal Bond Fund | 3.12% | 3.48% | 3.17% | 1.21% | 0.56% | 1.30% | 1.96% | 2.30% | 0.22% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 2.88% | 3.03% | 2.90% | 2.87% | 2.67% | 2.86% | 2.94% | 3.22% | 3.49% | 3.92% | 3.58% | 3.62% |
Drawdowns
FUEMX vs. FTABX - Drawdown Comparison
The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum FTABX drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for FUEMX and FTABX.
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Volatility
FUEMX vs. FTABX - Volatility Comparison
The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.18%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 0.68%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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