Correlation
The correlation between FUENX and SCMBX 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.
FUENX vs. SCMBX
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and DWS Managed Municipal Bond Fund (SCMBX).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. SCMBX is managed by Blackrock. It was launched on Oct 13, 1976.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUENX or SCMBX.
Performance
FUENX vs. SCMBX - Performance Comparison
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Key characteristics
FUENX:
0.52
SCMBX:
0.60
FUENX:
0.62
SCMBX:
0.71
FUENX:
1.11
SCMBX:
1.12
FUENX:
0.45
SCMBX:
0.56
FUENX:
1.45
SCMBX:
1.78
FUENX:
1.47%
SCMBX:
1.69%
FUENX:
4.75%
SCMBX:
5.87%
FUENX:
-13.86%
SCMBX:
-16.84%
FUENX:
-2.58%
SCMBX:
-3.31%
Returns By Period
In the year-to-date period, FUENX achieves a -1.14% return, which is significantly higher than SCMBX's -1.68% return.
FUENX
-1.14%
-0.41%
-1.94%
2.50%
2.36%
1.48%
N/A
SCMBX
-1.68%
-0.76%
-2.96%
3.52%
2.97%
1.70%
2.45%
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FUENX vs. SCMBX - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than SCMBX's 0.54% expense ratio.
Risk-Adjusted Performance
FUENX vs. SCMBX — Risk-Adjusted Performance Rank
FUENX
SCMBX
FUENX vs. SCMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and DWS Managed Municipal Bond Fund (SCMBX). 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.
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Dividends
FUENX vs. SCMBX - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 3.05%, less than SCMBX's 6.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 3.05% | 2.90% | 2.58% | 2.10% | 1.71% | 2.25% | 2.96% | 3.36% | 0.36% | 0.00% | 0.00% | 0.00% |
SCMBX DWS Managed Municipal Bond Fund | 6.08% | 5.98% | 4.10% | 4.38% | 3.76% | 4.04% | 3.66% | 3.38% | 3.45% | 3.82% | 3.93% | 4.11% |
Drawdowns
FUENX vs. SCMBX - Drawdown Comparison
The maximum FUENX drawdown since its inception was -13.86%, smaller than the maximum SCMBX drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for FUENX and SCMBX.
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Volatility
FUENX vs. SCMBX - Volatility Comparison
The current volatility for Fidelity Flex Municipal Income Fund (FUENX) is 0.63%, while DWS Managed Municipal Bond Fund (SCMBX) has a volatility of 0.77%. This indicates that FUENX experiences smaller price fluctuations and is considered to be less risky than SCMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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