FUEMX vs. SHV
Compare and contrast key facts about Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) and iShares Short Treasury Bond ETF (SHV).
FUEMX is managed by Fidelity. It was launched on Oct 12, 2017. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUEMX or SHV.
Key characteristics
| FUEMX | SHV | |
|---|---|---|
| YTD Return | 3.37% | 4.47% |
| 1Y Return | 4.19% | 5.29% |
| 3Y Return (Ann) | 2.47% | 3.47% |
| 5Y Return (Ann) | 1.92% | 2.25% |
| Sharpe Ratio | 3.44 | 19.41 |
| Sortino Ratio | 9.76 | 132.35 |
| Omega Ratio | 3.37 | 52.78 |
| Calmar Ratio | 13.69 | 194.36 |
| Martin Ratio | 52.00 | 1,953.56 |
| Ulcer Index | 0.08% | 0.00% |
| Daily Std Dev | 1.19% | 0.27% |
| Max Drawdown | -1.99% | -0.46% |
| Current Drawdown | -0.00% | 0.00% |
Correlation
The correlation between FUEMX and SHV is 0.05, 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. SHV - Performance Comparison
In the year-to-date period, FUEMX achieves a 3.37% return, which is significantly lower than SHV's 4.47% 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. SHV - Expense Ratio Comparison
FUEMX has a 0.00% expense ratio, which is lower than SHV's 0.15% 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. SHV - 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 Short Treasury Bond ETF (SHV). 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. SHV - Dividend Comparison
FUEMX's dividend yield for the trailing twelve months is around 3.49%, less than SHV's 5.15% 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% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
FUEMX vs. SHV - Drawdown Comparison
The maximum FUEMX drawdown since its inception was -1.99%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for FUEMX and SHV. For additional features, visit the drawdowns tool.
Volatility
FUEMX vs. SHV - Volatility Comparison
Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) has a higher volatility of 0.41% compared to iShares Short Treasury Bond ETF (SHV) at 0.08%. This indicates that FUEMX's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.