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.
Correlation
The correlation between FUEMX and MUB is 0.28, 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
Key characteristics
FUEMX:
2.98
MUB:
0.26
FUEMX:
7.68
MUB:
0.38
FUEMX:
2.85
MUB:
1.05
FUEMX:
11.93
MUB:
0.22
FUEMX:
42.02
MUB:
1.00
FUEMX:
0.08%
MUB:
1.00%
FUEMX:
1.19%
MUB:
3.84%
FUEMX:
-1.99%
MUB:
-13.68%
FUEMX:
-0.20%
MUB:
-1.97%
Returns By Period
In the year-to-date period, FUEMX achieves a 3.56% return, which is significantly higher than MUB's 0.88% return.
FUEMX
3.56%
0.19%
1.87%
3.56%
1.93%
N/A
MUB
0.88%
-0.86%
1.05%
1.00%
0.93%
2.04%
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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 3.50%, more than MUB's 3.02% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 3.02% | 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 0.39%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.14%. 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.