FUENX vs. SGOV
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUENX or SGOV.
Key characteristics
| FUENX | SGOV | |
|---|---|---|
| YTD Return | 2.44% | 4.62% |
| 1Y Return | 8.39% | 5.38% |
| 3Y Return (Ann) | 0.17% | 3.78% |
| Sharpe Ratio | 2.38 | 21.93 |
| Sortino Ratio | 3.58 | 527.74 |
| Omega Ratio | 1.57 | 528.74 |
| Calmar Ratio | 1.09 | 541.76 |
| Martin Ratio | 10.28 | 8,600.11 |
| Ulcer Index | 0.75% | 0.00% |
| Daily Std Dev | 3.28% | 0.25% |
| Max Drawdown | -13.89% | -0.03% |
| Current Drawdown | -1.35% | 0.00% |
Correlation
The correlation between FUENX and SGOV is 0.04, 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. SGOV - Performance Comparison
In the year-to-date period, FUENX achieves a 2.44% return, which is significantly lower than SGOV's 4.62% 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. SGOV - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than SGOV'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. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 2.83%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 2.83% | 2.58% | 2.10% | 1.68% | 2.25% | 2.69% | 3.36% | 0.35% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
FUENX vs. SGOV - Drawdown Comparison
The maximum FUENX drawdown since its inception was -13.89%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FUENX and SGOV. For additional features, visit the drawdowns tool.
Volatility
FUENX vs. SGOV - Volatility Comparison
Fidelity Flex Municipal Income Fund (FUENX) has a higher volatility of 1.60% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that FUENX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.