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.
Key characteristics
| FUEMX | MUB | |
|---|---|---|
| YTD Return | 3.37% | 1.61% |
| 1Y Return | 4.19% | 7.20% |
| 3Y Return (Ann) | 2.43% | -0.14% |
| 5Y Return (Ann) | 1.92% | 1.29% |
| Sharpe Ratio | 3.51 | 1.68 |
| Sortino Ratio | 10.00 | 2.46 |
| Omega Ratio | 3.43 | 1.33 |
| Calmar Ratio | 14.04 | 0.86 |
| Martin Ratio | 53.32 | 7.31 |
| Ulcer Index | 0.08% | 0.92% |
| Daily Std Dev | 1.19% | 4.01% |
| Max Drawdown | -1.99% | -13.68% |
| Current Drawdown | -0.00% | -1.17% |
Correlation
The correlation between FUEMX and MUB 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.
Performance
FUEMX vs. MUB - Performance Comparison
In the year-to-date period, FUEMX achieves a 3.37% return, which is significantly higher than MUB's 1.61% 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. 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 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.
Dividends
FUEMX vs. MUB - Dividend Comparison
FUEMX's dividend yield for the trailing twelve months is around 3.49%, more than MUB's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUEMX Fidelity Flex Conservative Income Municipal Bond Fund | 3.49% | 3.16% | 1.21% | 0.55% | 1.28% | 1.93% | 2.29% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
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. For additional features, visit the drawdowns tool.
Volatility
FUEMX vs. MUB - Volatility Comparison
The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.41%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.96%. 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.