FUENX vs. FXNAX
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and Fidelity U.S. Bond Index Fund (FXNAX).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUENX or FXNAX.
Performance
FUENX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, FUENX achieves a 2.65% return, which is significantly higher than FXNAX's 1.62% return.
FUENX
2.65%
0.97%
3.36%
6.78%
1.35%
N/A
FXNAX
1.62%
-0.58%
3.21%
6.17%
-0.52%
1.25%
Key characteristics
| FUENX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 1.98 | 0.89 |
| Sortino Ratio | 2.97 | 1.33 |
| Omega Ratio | 1.47 | 1.16 |
| Calmar Ratio | 1.19 | 0.35 |
| Martin Ratio | 8.13 | 2.73 |
| Ulcer Index | 0.78% | 1.84% |
| Daily Std Dev | 3.19% | 5.69% |
| Max Drawdown | -13.89% | -19.64% |
| Current Drawdown | -1.15% | -10.08% |
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FUENX vs. FXNAX - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than FXNAX's 0.03% 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%.
Correlation
The correlation between FUENX and FXNAX is 0.51, 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. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 2.83%, less than FXNAX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FUENX vs. FXNAX - Drawdown Comparison
The maximum FUENX drawdown since its inception was -13.89%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FUENX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FUENX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Flex Municipal Income Fund (FUENX) is 1.32%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.44%. This indicates that FUENX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.