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.
Correlation
The correlation between GSMIX and FMBIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSMIX vs. FMBIX - Performance Comparison
Key characteristics
GSMIX:
1.18
FMBIX:
0.63
GSMIX:
1.62
FMBIX:
0.86
GSMIX:
1.25
FMBIX:
1.13
GSMIX:
0.86
FMBIX:
0.33
GSMIX:
4.19
FMBIX:
1.84
GSMIX:
0.83%
FMBIX:
1.19%
GSMIX:
2.96%
FMBIX:
3.47%
GSMIX:
-15.42%
FMBIX:
-14.31%
GSMIX:
-0.92%
FMBIX:
-2.85%
Returns By Period
In the year-to-date period, GSMIX achieves a 0.41% return, which is significantly higher than FMBIX's 0.34% return.
GSMIX
0.41%
0.81%
0.76%
3.49%
0.88%
2.47%
FMBIX
0.34%
0.94%
0.48%
2.25%
-0.02%
N/A
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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.
Dividends
GSMIX vs. FMBIX - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.30%, more than FMBIX's 2.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.30% | 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 | 2.60% | 2.58% | 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 -15.42%, 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. For additional features, visit the drawdowns tool.
Volatility
GSMIX vs. FMBIX - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) is 0.89%, while Fidelity Municipal Bond Index Fund (FMBIX) has a volatility of 1.04%. This indicates that GSMIX experiences smaller price fluctuations and is considered to be less risky than FMBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.