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FUEMX vs. FTIHX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FUEMX vs. FTIHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and Fidelity Total International Index Fund (FTIHX). The values are adjusted to include any dividend payments, if applicable.

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FUEMX vs. FTIHX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FUEMX
Fidelity Flex Conservative Income Municipal Bond Fund
0.44%3.43%3.56%3.55%0.05%0.34%1.08%2.50%1.77%0.02%
FTIHX
Fidelity Total International Index Fund
1.79%32.59%4.98%15.49%-16.29%8.45%11.09%21.50%-14.40%1.60%

Returns By Period

In the year-to-date period, FUEMX achieves a 0.44% return, which is significantly lower than FTIHX's 1.79% return.


FUEMX

1D
0.00%
1M
-0.20%
YTD
0.44%
6M
1.16%
1Y
2.88%
3Y*
3.33%
5Y*
2.25%
10Y*

FTIHX

1D
2.98%
1M
-7.01%
YTD
1.79%
6M
5.81%
1Y
27.20%
3Y*
15.30%
5Y*
7.14%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FUEMX vs. FTIHX - Expense Ratio Comparison

FUEMX has a 0.00% expense ratio, which is lower than FTIHX's 0.06% 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%.


Return for Risk

FUEMX vs. FTIHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUEMX
FUEMX Risk / Return Rank: 9898
Overall Rank
FUEMX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FUEMX Sortino Ratio Rank: 9999
Sortino Ratio Rank
FUEMX Omega Ratio Rank: 9999
Omega Ratio Rank
FUEMX Calmar Ratio Rank: 9999
Calmar Ratio Rank
FUEMX Martin Ratio Rank: 9999
Martin Ratio Rank

FTIHX
FTIHX Risk / Return Rank: 8686
Overall Rank
FTIHX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FTIHX Sortino Ratio Rank: 8686
Sortino Ratio Rank
FTIHX Omega Ratio Rank: 8585
Omega Ratio Rank
FTIHX Calmar Ratio Rank: 8888
Calmar Ratio Rank
FTIHX Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FUEMX vs. FTIHX - Risk-Adjusted Trends Comparison

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


FUEMXFTIHXDifference

Sharpe ratio

Return per unit of total volatility

2.71

1.74

+0.97

Sortino ratio

Return per unit of downside risk

6.06

2.32

+3.74

Omega ratio

Gain probability vs. loss probability

2.48

1.35

+1.13

Calmar ratio

Return relative to maximum drawdown

6.57

2.38

+4.19

Martin ratio

Return relative to average drawdown

28.50

9.30

+19.20

FUEMX vs. FTIHX - Sharpe Ratio Comparison

The current FUEMX Sharpe Ratio is 2.71, which is higher than the FTIHX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of FUEMX and FTIHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FUEMXFTIHXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

1.74

+0.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.93

0.48

+1.46

Sharpe Ratio (All Time)

Calculated using the full available price history

1.87

0.56

+1.32

Correlation

The correlation between FUEMX and FTIHX is 0.04, 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.


Dividends

FUEMX vs. FTIHX - Dividend Comparison

FUEMX's dividend yield for the trailing twelve months is around 2.84%, more than FTIHX's 2.73% yield.


TTM2025202420232022202120202019201820172016
FUEMX
Fidelity Flex Conservative Income Municipal Bond Fund
2.84%3.17%3.49%2.87%0.75%0.44%0.97%1.97%1.75%0.28%0.00%
FTIHX
Fidelity Total International Index Fund
2.73%2.78%2.88%2.78%2.51%2.55%1.62%2.61%2.21%0.45%0.47%

Drawdowns

FUEMX vs. FTIHX - Drawdown Comparison

The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum FTIHX drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for FUEMX and FTIHX.


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Drawdown Indicators


FUEMXFTIHXDifference

Max Drawdown

Largest peak-to-trough decline

-1.99%

-35.75%

+33.76%

Max Drawdown (1Y)

Largest decline over 1 year

-0.50%

-11.25%

+10.75%

Max Drawdown (5Y)

Largest decline over 5 years

-1.20%

-29.99%

+28.79%

Current Drawdown

Current decline from peak

-0.30%

-8.61%

+8.31%

Average Drawdown

Average peak-to-trough decline

-0.11%

-7.31%

+7.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.11%

2.88%

-2.77%

Volatility

FUEMX vs. FTIHX - Volatility Comparison

The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.20%, while Fidelity Total International Index Fund (FTIHX) has a volatility of 7.78%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than FTIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FUEMXFTIHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.20%

7.78%

-7.58%

Volatility (6M)

Calculated over the trailing 6-month period

0.70%

11.04%

-10.34%

Volatility (1Y)

Calculated over the trailing 1-year period

1.14%

16.05%

-14.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.17%

15.09%

-13.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.07%

16.02%

-14.95%