Correlation
The correlation between GSMIX and FMBIX 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.
GSMIX vs. FMBIX
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Fidelity Municipal Bond Index Fund (FMBIX).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. FMBIX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSMIX or FMBIX.
Performance
GSMIX vs. FMBIX - Performance Comparison
Loading data...
Key characteristics
GSMIX:
0.45
FMBIX:
1.11
GSMIX:
0.52
FMBIX:
1.67
GSMIX:
1.09
FMBIX:
1.27
GSMIX:
0.37
FMBIX:
0.65
GSMIX:
1.28
FMBIX:
3.53
GSMIX:
1.43%
FMBIX:
1.22%
GSMIX:
4.85%
FMBIX:
3.56%
GSMIX:
-15.43%
FMBIX:
-14.31%
GSMIX:
-2.61%
FMBIX:
-2.59%
Returns By Period
In the year-to-date period, GSMIX achieves a -1.26% return, which is significantly lower than FMBIX's 0.59% return.
GSMIX
-1.26%
0.36%
-1.80%
2.16%
2.22%
1.71%
2.36%
FMBIX
0.59%
0.00%
-0.29%
4.31%
2.04%
0.50%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GSMIX vs. FMBIX - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is higher than FMBIX's 0.07% expense ratio.
Risk-Adjusted Performance
GSMIX vs. FMBIX — Risk-Adjusted Performance Rank
GSMIX
FMBIX
GSMIX vs. FMBIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Fidelity Municipal Bond Index Fund (FMBIX). 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.
Loading data...
Dividends
GSMIX vs. FMBIX - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.40%, more than FMBIX's 2.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.40% | 3.31% | 3.09% | 2.49% | 1.92% | 2.11% | 2.39% | 2.79% | 3.00% | 3.36% | 3.43% | 3.54% |
FMBIX Fidelity Municipal Bond Index Fund | 2.47% | 2.59% | 2.31% | 1.80% | 1.42% | 1.59% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSMIX vs. FMBIX - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, which is greater than FMBIX's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for GSMIX and FMBIX.
Loading data...
Volatility
GSMIX vs. FMBIX - Volatility Comparison
Goldman Sachs Dynamic Municipal Income Fund (GSMIX) has a higher volatility of 0.92% compared to Fidelity Municipal Bond Index Fund (FMBIX) at 0.00%. This indicates that GSMIX's price experiences larger fluctuations and is considered to be riskier than FMBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...