FUENX vs. ITOT
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. ITOT is a passively managed fund by iShares that tracks the performance of the S&P Composite 1500 Index. It was launched on Jan 20, 2004.
Performance
FUENX vs. ITOT - Performance Comparison
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FUENX vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | -0.29% | 4.63% | 2.32% | 7.27% | -9.29% | 1.99% | 3.07% | 8.27% | 0.72% | 1.02% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | -3.31% | 17.00% | 23.80% | 26.12% | -19.47% | 25.68% | 20.71% | 30.67% | -5.33% | 4.08% |
Returns By Period
In the year-to-date period, FUENX achieves a -0.29% return, which is significantly higher than ITOT's -3.31% return.
FUENX
- 1D
- 0.20%
- 1M
- -2.09%
- YTD
- -0.29%
- 6M
- 1.37%
- 1Y
- 4.29%
- 3Y*
- 3.57%
- 5Y*
- 1.20%
- 10Y*
- —
ITOT
- 1D
- 0.72%
- 1M
- -4.34%
- YTD
- -3.31%
- 6M
- -1.32%
- 1Y
- 18.51%
- 3Y*
- 18.11%
- 5Y*
- 10.62%
- 10Y*
- 13.65%
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FUENX vs. ITOT - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than ITOT'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%.
Return for Risk
FUENX vs. ITOT — Risk / Return Rank
FUENX
ITOT
FUENX vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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 | ITOT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.00 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.52 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.53 | -0.26 |
Martin ratioReturn relative to average drawdown | 4.38 | 7.25 | -2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUENX | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.00 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.61 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.54 | -0.01 |
Correlation
The correlation between FUENX and ITOT is 0.03, 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.
Dividends
FUENX vs. ITOT - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 2.95%, more than ITOT's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 2.95% | 3.14% | 2.90% | 2.58% | 1.38% | 1.40% | 1.54% | 2.95% | 2.61% | 0.41% | 0.00% | 0.00% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.12% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
Drawdowns
FUENX vs. ITOT - Drawdown Comparison
The maximum FUENX drawdown since its inception was -14.32%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for FUENX and ITOT.
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Drawdown Indicators
| FUENX | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -55.20% | +40.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -12.34% | +8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -25.36% | +11.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -2.38% | -5.51% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -7.02% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.61% | -1.39% |
Volatility
FUENX vs. ITOT - Volatility Comparison
The current volatility for Fidelity Flex Municipal Income Fund (FUENX) is 1.09%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 5.49%. This indicates that FUENX experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUENX | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 5.49% | -4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 9.78% | -8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 18.68% | -14.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 17.36% | -13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 18.25% | -14.03% |