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.
Correlation
The correlation between FUENX and FBND is 0.02, 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
FUENX vs. FBND - Performance Comparison
Key characteristics
FUENX:
0.31
FBND:
1.20
FUENX:
0.43
FBND:
1.75
FUENX:
1.07
FBND:
1.21
FUENX:
0.31
FBND:
0.70
FUENX:
1.07
FBND:
3.42
FUENX:
1.36%
FBND:
1.88%
FUENX:
4.77%
FBND:
5.38%
FUENX:
-13.85%
FBND:
-17.25%
FUENX:
-2.17%
FBND:
-3.03%
Returns By Period
In the year-to-date period, FUENX achieves a -0.73% return, which is significantly lower than FBND's 2.64% return.
FUENX
-0.73%
0.17%
0.29%
1.56%
1.99%
N/A
FBND
2.64%
0.57%
2.60%
6.12%
0.71%
2.23%
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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.
Risk-Adjusted Performance
FUENX vs. FBND — Risk-Adjusted Performance Rank
FUENX
FBND
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 3.04%, less than FBND's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 3.04% | 2.90% | 2.57% | 2.11% | 1.72% | 2.23% | 2.95% | 2.62% | 0.36% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.64% | 4.73% | 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 -13.85%, 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) has a higher volatility of 3.09% compared to Fidelity Total Bond ETF (FBND) at 1.88%. This indicates that FUENX's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.