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FUENX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FUENXFXAIX
YTD Return2.44%27.28%
1Y Return8.39%37.86%
3Y Return (Ann)0.17%10.36%
5Y Return (Ann)1.39%16.05%
Sharpe Ratio2.383.24
Sortino Ratio3.584.29
Omega Ratio1.571.61
Calmar Ratio1.044.74
Martin Ratio10.3521.47
Ulcer Index0.74%1.86%
Daily Std Dev3.28%12.29%
Max Drawdown-13.89%-33.79%
Current Drawdown-1.35%0.00%

Correlation

-0.50.00.51.00.0

The correlation between FUENX and FXAIX 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. FXAIX - Performance Comparison

In the year-to-date period, FUENX achieves a 2.44% return, which is significantly lower than FXAIX's 27.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
2.10%
15.71%
FUENX
FXAIX

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FUENX vs. FXAIX - Expense Ratio Comparison

FUENX has a 0.00% expense ratio, which is lower than FXAIX's 0.02% 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%.


FXAIX
Fidelity 500 Index Fund
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%
Expense ratio chart for FUENX: 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%

Risk-Adjusted Performance

FUENX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and Fidelity 500 Index Fund (FXAIX). 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.


FUENX
Sharpe ratio
The chart of Sharpe ratio for FUENX, currently valued at 2.38, compared to the broader market0.002.004.002.38
Sortino ratio
The chart of Sortino ratio for FUENX, currently valued at 3.58, compared to the broader market0.005.0010.003.58
Omega ratio
The chart of Omega ratio for FUENX, currently valued at 1.57, compared to the broader market1.002.003.004.001.57
Calmar ratio
The chart of Calmar ratio for FUENX, currently valued at 1.04, compared to the broader market0.005.0010.0015.0020.001.04
Martin ratio
The chart of Martin ratio for FUENX, currently valued at 10.35, compared to the broader market0.0020.0040.0060.0080.00100.0010.35
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 2.91, compared to the broader market0.002.004.002.91
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 3.87, compared to the broader market0.005.0010.003.87
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.55, compared to the broader market1.002.003.004.001.55
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 4.18, compared to the broader market0.005.0010.0015.0020.004.18
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 18.96, compared to the broader market0.0020.0040.0060.0080.00100.0018.96

FUENX vs. FXAIX - Sharpe Ratio Comparison

The current FUENX Sharpe Ratio is 2.38, which is comparable to the FXAIX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of FUENX and FXAIX, 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 Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.38
2.91
FUENX
FXAIX

Dividends

FUENX vs. FXAIX - Dividend Comparison

FUENX's dividend yield for the trailing twelve months is around 2.83%, more than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
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%0.00%
FXAIX
Fidelity 500 Index Fund
1.21%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FUENX vs. FXAIX - Drawdown Comparison

The maximum FUENX drawdown since its inception was -13.89%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FUENX and FXAIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.35%
0
FUENX
FXAIX

Volatility

FUENX vs. FXAIX - Volatility Comparison

The current volatility for Fidelity Flex Municipal Income Fund (FUENX) is 1.60%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.88%. This indicates that FUENX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.60%
3.88%
FUENX
FXAIX