PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FUENX vs. VITSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FUENX vs. VITSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Municipal Income Fund (FUENX) and Vanguard Total Stock Market Index Fund Institutional Shares (VITSX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.35%
14.03%
FUENX
VITSX

Returns By Period

In the year-to-date period, FUENX achieves a 2.65% return, which is significantly lower than VITSX's 26.28% return.


FUENX

YTD

2.65%

1M

0.97%

6M

3.36%

1Y

6.78%

5Y (annualized)

1.35%

10Y (annualized)

N/A

VITSX

YTD

26.28%

1M

4.03%

6M

14.03%

1Y

33.66%

5Y (annualized)

15.21%

10Y (annualized)

12.74%

Key characteristics


FUENXVITSX
Sharpe Ratio1.982.68
Sortino Ratio2.973.57
Omega Ratio1.471.49
Calmar Ratio1.193.93
Martin Ratio8.1317.11
Ulcer Index0.78%1.97%
Daily Std Dev3.19%12.56%
Max Drawdown-13.89%-55.31%
Current Drawdown-1.15%-0.29%

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. 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%.


VITSX
Vanguard Total Stock Market Index Fund Institutional Shares
Expense ratio chart for VITSX: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%
Expense ratio chart for FUENX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FUENX, currently valued at 1.98, compared to the broader market-1.000.001.002.003.004.005.001.982.68
The chart of Sortino ratio for FUENX, currently valued at 2.97, compared to the broader market0.005.0010.002.973.57
The chart of Omega ratio for FUENX, currently valued at 1.47, compared to the broader market1.002.003.004.001.471.49
The chart of Calmar ratio for FUENX, currently valued at 1.19, compared to the broader market0.005.0010.0015.0020.001.193.93
The chart of Martin ratio for FUENX, currently valued at 8.13, compared to the broader market0.0020.0040.0060.0080.00100.008.1317.09
FUENX
VITSX

The current FUENX Sharpe Ratio is 1.98, which is comparable to the VITSX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FUENX and VITSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
1.98
2.68
FUENX
VITSX

Dividends

FUENX vs. VITSX - Dividend Comparison

FUENX's dividend yield for the trailing twelve months is around 2.83%, more than VITSX's 1.26% yield.


TTM20232022202120202019201820172016201520142013
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%
VITSX
Vanguard Total Stock Market Index Fund Institutional Shares
1.26%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.15%
-0.29%
FUENX
VITSX

Volatility

FUENX vs. VITSX - Volatility Comparison

The current volatility for Fidelity Flex Municipal Income Fund (FUENX) is 1.32%, while Vanguard Total Stock Market Index Fund Institutional Shares (VITSX) has a volatility of 4.18%. 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.32%
4.18%
FUENX
VITSX