FUENX vs. VITSX
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and Vanguard Total Stock Market Index Fund Institutional Shares (VITSX).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. VITSX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUENX or VITSX.
Key characteristics
| FUENX | VITSX | |
|---|---|---|
| YTD Return | 1.82% | 25.71% |
| 1Y Return | 7.73% | 38.61% |
| 3Y Return (Ann) | 0.03% | 8.41% |
| 5Y Return (Ann) | 1.31% | 15.27% |
| Sharpe Ratio | 2.38 | 3.03 |
| Sortino Ratio | 3.59 | 4.06 |
| Omega Ratio | 1.57 | 1.57 |
| Calmar Ratio | 0.97 | 4.13 |
| Martin Ratio | 10.53 | 19.80 |
| Ulcer Index | 0.73% | 1.95% |
| Daily Std Dev | 3.25% | 12.73% |
| Max Drawdown | -13.89% | -55.31% |
| Current Drawdown | -1.95% | 0.00% |
Correlation
The correlation between FUENX and VITSX 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.
Performance
FUENX vs. VITSX - Performance Comparison
In the year-to-date period, FUENX achieves a 1.82% return, which is significantly lower than VITSX's 25.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FUENX vs. VITSX - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than VITSX'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. VITSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and Vanguard Total Stock Market Index Fund Institutional Shares (VITSX). 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. VITSX - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 2.85%, more than VITSX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 2.85% | 2.58% | 2.10% | 1.68% | 2.25% | 2.69% | 3.36% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
VITSX Vanguard Total Stock Market Index Fund Institutional Shares | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.93% | 1.99% | 1.77% | 1.75% |
Drawdowns
FUENX vs. VITSX - Drawdown Comparison
The maximum FUENX drawdown since its inception was -13.89%, smaller than the maximum VITSX drawdown of -55.31%. Use the drawdown chart below to compare losses from any high point for FUENX and VITSX. For additional features, visit the drawdowns tool.
Volatility
FUENX vs. VITSX - Volatility Comparison
The current volatility for Fidelity Flex Municipal Income Fund (FUENX) is 1.46%, while Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) has a volatility of 4.08%. This indicates that FUENX experiences smaller price fluctuations and is considered to be less risky than VITSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.