FUENX vs. FBND
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and Fidelity Total Bond ETF (FBND).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUENX or FBND.
Performance
FUENX vs. FBND - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FUENX having a 2.65% return and FBND slightly lower at 2.54%.
FUENX
2.65%
0.97%
3.36%
6.78%
1.35%
N/A
FBND
2.54%
-0.30%
3.54%
7.40%
0.97%
2.22%
Key characteristics
| FUENX | FBND | |
|---|---|---|
| Sharpe Ratio | 1.98 | 1.28 |
| Sortino Ratio | 2.97 | 1.87 |
| Omega Ratio | 1.47 | 1.23 |
| Calmar Ratio | 1.19 | 0.62 |
| Martin Ratio | 8.13 | 4.70 |
| Ulcer Index | 0.78% | 1.58% |
| Daily Std Dev | 3.19% | 5.76% |
| Max Drawdown | -13.89% | -17.25% |
| Current Drawdown | -1.15% | -5.16% |
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FUENX vs. FBND - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than FBND's 0.36% expense ratio.
Correlation
The correlation between FUENX and FBND is 0.46, 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
FUENX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and Fidelity Total Bond ETF (FBND). 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
FUENX vs. FBND - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 2.83%, less than FBND's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 2.83% | 2.58% | 2.10% | 1.68% | 2.25% | 2.69% | 3.36% | 0.35% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.59% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FUENX vs. FBND - Drawdown Comparison
The maximum FUENX drawdown since its inception was -13.89%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FUENX and FBND. For additional features, visit the drawdowns tool.
Volatility
FUENX vs. FBND - Volatility Comparison
Fidelity Flex Municipal Income Fund (FUENX) and Fidelity Total Bond ETF (FBND) have volatilities of 1.32% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.