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.
Key characteristics
| FUENX | FXNAX | |
|---|---|---|
| YTD Return | 2.44% | 2.31% |
| 1Y Return | 8.39% | 8.52% |
| 3Y Return (Ann) | 0.17% | -2.12% |
| 5Y Return (Ann) | 1.39% | -0.29% |
| Sharpe Ratio | 2.38 | 1.38 |
| Sortino Ratio | 3.58 | 2.06 |
| Omega Ratio | 1.57 | 1.25 |
| Calmar Ratio | 1.04 | 0.50 |
| Martin Ratio | 10.35 | 4.61 |
| Ulcer Index | 0.74% | 1.70% |
| Daily Std Dev | 3.28% | 5.84% |
| Max Drawdown | -13.89% | -19.64% |
| Current Drawdown | -1.35% | -9.47% |
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.
Performance
FUENX vs. FXNAX - Performance Comparison
In the year-to-date period, FUENX achieves a 2.44% return, which is significantly higher than FXNAX's 2.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
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 3.30% 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 | 3.30% | 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
Fidelity Flex Municipal Income Fund (FUENX) and Fidelity U.S. Bond Index Fund (FXNAX) have volatilities of 1.60% and 1.63%, 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.