FUEMX vs. FUMBX
Compare and contrast key facts about Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FUEMX is managed by Fidelity. It was launched on Oct 12, 2017. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Performance
FUEMX vs. FUMBX - Performance Comparison
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FUEMX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.10% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.47% | -0.25% |
Returns By Period
In the year-to-date period, FUEMX achieves a 0.44% return, which is significantly higher than FUMBX's -0.10% return.
FUEMX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.44%
- 6M
- 1.16%
- 1Y
- 2.88%
- 3Y*
- 3.33%
- 5Y*
- 2.25%
- 10Y*
- —
FUMBX
- 1D
- 0.10%
- 1M
- -0.77%
- YTD
- -0.10%
- 6M
- 0.85%
- 1Y
- 3.55%
- 3Y*
- 3.80%
- 5Y*
- 1.31%
- 10Y*
- —
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FUEMX vs. FUMBX - Expense Ratio Comparison
FUEMX has a 0.00% expense ratio, which is lower than FUMBX's 0.03% 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. FUMBX — Risk / Return Rank
FUEMX
FUMBX
FUEMX vs. FUMBX - 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 Short-Term Treasury Bond Index Fund (FUMBX). 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 | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.71 | 1.55 | +1.16 |
Sortino ratioReturn per unit of downside risk | 6.06 | 2.43 | +3.64 |
Omega ratioGain probability vs. loss probability | 2.48 | 1.33 | +1.15 |
Calmar ratioReturn relative to maximum drawdown | 6.57 | 2.52 | +4.04 |
Martin ratioReturn relative to average drawdown | 28.50 | 8.74 | +19.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUEMX | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 1.55 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.93 | 0.45 | +1.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.87 | 0.73 | +1.15 |
Correlation
The correlation between FUEMX and FUMBX is 0.27, 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. FUMBX - Dividend Comparison
FUEMX's dividend yield for the trailing twelve months is around 2.84%, less than FUMBX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.41% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% |
Drawdowns
FUEMX vs. FUMBX - Drawdown Comparison
The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum FUMBX drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FUEMX and FUMBX.
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Drawdown Indicators
| FUEMX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.99% | -8.83% | +6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | -1.54% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | -8.60% | +7.40% |
Current DrawdownCurrent decline from peak | -0.30% | -1.06% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -1.88% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.44% | -0.33% |
Volatility
FUEMX vs. FUMBX - Volatility Comparison
The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.20%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.74%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUEMX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.74% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 1.37% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.14% | 2.32% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.17% | 2.89% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 2.49% | -1.42% |