FUEMX vs. ITOT
Compare and contrast key facts about Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).
FUEMX is managed by Fidelity. It was launched on Oct 12, 2017. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUEMX or ITOT.
Key characteristics
| FUEMX | ITOT | |
|---|---|---|
| YTD Return | 3.27% | 25.74% |
| 1Y Return | 4.09% | 38.78% |
| 3Y Return (Ann) | 2.40% | 8.44% |
| 5Y Return (Ann) | 1.90% | 15.24% |
| Sharpe Ratio | 3.44 | 3.04 |
| Sortino Ratio | 9.76 | 4.07 |
| Omega Ratio | 3.37 | 1.57 |
| Calmar Ratio | 13.69 | 4.16 |
| Martin Ratio | 52.00 | 19.89 |
| Ulcer Index | 0.08% | 1.95% |
| Daily Std Dev | 1.18% | 12.73% |
| Max Drawdown | -1.99% | -55.21% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between FUEMX and ITOT 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.
Performance
FUEMX vs. ITOT - Performance Comparison
In the year-to-date period, FUEMX achieves a 3.27% return, which is significantly lower than ITOT's 25.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FUEMX vs. ITOT - Expense Ratio Comparison
FUEMX has a 0.00% expense ratio, which is lower than ITOT'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%.
Risk-Adjusted Performance
FUEMX vs. ITOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
Dividends
FUEMX vs. ITOT - Dividend Comparison
FUEMX's dividend yield for the trailing twelve months is around 3.50%, more than ITOT's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUEMX Fidelity Flex Conservative Income Municipal Bond Fund | 3.50% | 3.16% | 1.21% | 0.55% | 1.28% | 1.93% | 2.29% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.21% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% | 2.20% | 2.06% |
Drawdowns
FUEMX vs. ITOT - Drawdown Comparison
The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum ITOT drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for FUEMX and ITOT. For additional features, visit the drawdowns tool.
Volatility
FUEMX vs. ITOT - Volatility Comparison
The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.40%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.07%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.