Correlation
The correlation between FUEMX and MUB 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. MUB
Compare and contrast key facts about Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and iShares National AMT-Free Muni Bond ETF (MUB).
FUEMX is managed by Fidelity. It was launched on Oct 12, 2017. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUEMX or MUB.
Performance
FUEMX vs. MUB - Performance Comparison
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Key characteristics
FUEMX:
3.15
MUB:
0.30
FUEMX:
6.88
MUB:
0.36
FUEMX:
2.66
MUB:
1.05
FUEMX:
7.41
MUB:
0.26
FUEMX:
32.51
MUB:
0.75
FUEMX:
0.11%
MUB:
1.63%
FUEMX:
1.26%
MUB:
4.78%
FUEMX:
-1.99%
MUB:
-13.68%
FUEMX:
0.00%
MUB:
-3.08%
Returns By Period
In the year-to-date period, FUEMX achieves a 1.19% return, which is significantly higher than MUB's -1.50% return.
FUEMX
1.19%
0.10%
1.57%
3.69%
3.16%
2.13%
N/A
MUB
-1.50%
-0.52%
-2.82%
1.27%
1.42%
0.33%
1.98%
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FUEMX vs. MUB - Expense Ratio Comparison
FUEMX has a 0.00% expense ratio, which is lower than MUB's 0.07% 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. MUB — Risk-Adjusted Performance Rank
FUEMX
MUB
FUEMX vs. MUB - 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 National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
FUEMX's dividend yield for the trailing twelve months is around 3.12%, which matches MUB's 3.15% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 3.15% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
FUEMX vs. MUB - Drawdown Comparison
The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FUEMX and MUB.
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Volatility
FUEMX vs. MUB - Volatility Comparison
The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.18%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.10%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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