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FUEMX vs. SCMBX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FUEMX vs. SCMBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and DWS Managed Municipal Bond Fund (SCMBX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.19%
3.82%
FUEMX
SCMBX

Returns By Period

In the year-to-date period, FUEMX achieves a 3.37% return, which is significantly higher than SCMBX's 3.18% return.


FUEMX

YTD

3.37%

1M

0.40%

6M

2.19%

1Y

4.09%

5Y (annualized)

1.92%

10Y (annualized)

N/A

SCMBX

YTD

3.18%

1M

1.31%

6M

3.82%

1Y

8.52%

5Y (annualized)

1.31%

10Y (annualized)

2.35%

Key characteristics


FUEMXSCMBX
Sharpe Ratio3.362.22
Sortino Ratio9.523.36
Omega Ratio3.311.52
Calmar Ratio13.340.90
Martin Ratio50.679.50
Ulcer Index0.08%0.90%
Daily Std Dev1.18%3.84%
Max Drawdown-1.99%-17.56%
Current Drawdown-0.00%-1.92%

Compare stocks, funds, or ETFs

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FUEMX vs. SCMBX - Expense Ratio Comparison

FUEMX has a 0.00% expense ratio, which is lower than SCMBX's 0.54% expense ratio.


SCMBX
DWS Managed Municipal Bond Fund
Expense ratio chart for SCMBX: current value at 0.54% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.54%
Expense ratio chart for FUEMX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.4

The correlation between FUEMX and SCMBX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

FUEMX vs. SCMBX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and DWS Managed Municipal Bond Fund (SCMBX). 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.


Sharpe ratio
The chart of Sharpe ratio for FUEMX, currently valued at 3.36, compared to the broader market-1.000.001.002.003.004.005.003.362.08
The chart of Sortino ratio for FUEMX, currently valued at 9.52, compared to the broader market0.005.0010.009.523.16
The chart of Omega ratio for FUEMX, currently valued at 3.31, compared to the broader market1.002.003.004.003.311.49
The chart of Calmar ratio for FUEMX, currently valued at 13.34, compared to the broader market0.005.0010.0015.0020.0013.340.94
The chart of Martin ratio for FUEMX, currently valued at 50.67, compared to the broader market0.0020.0040.0060.0080.00100.0050.678.88
FUEMX
SCMBX

The current FUEMX Sharpe Ratio is 3.36, which is higher than the SCMBX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FUEMX and SCMBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.36
2.08
FUEMX
SCMBX

Dividends

FUEMX vs. SCMBX - Dividend Comparison

FUEMX's dividend yield for the trailing twelve months is around 3.49%, less than SCMBX's 4.03% yield.


TTM20232022202120202019201820172016201520142013
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%
SCMBX
DWS Managed Municipal Bond Fund
4.03%4.08%4.30%2.87%4.00%3.49%3.38%3.42%3.78%3.91%4.07%4.30%

Drawdowns

FUEMX vs. SCMBX - Drawdown Comparison

The maximum FUEMX drawdown since its inception was -1.99%, smaller than the maximum SCMBX drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for FUEMX and SCMBX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.00%
-1.92%
FUEMX
SCMBX

Volatility

FUEMX vs. SCMBX - Volatility Comparison

The current volatility for Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) is 0.37%, while DWS Managed Municipal Bond Fund (SCMBX) has a volatility of 1.61%. This indicates that FUEMX experiences smaller price fluctuations and is considered to be less risky than SCMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
0.37%
1.61%
FUEMX
SCMBX