MPSTX vs. FMBIX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and Fidelity Municipal Bond Index Fund (FMBIX).

MPSTX is managed by BNY Mellon. It was launched on Oct 1, 2000. FMBIX is managed by Fidelity. It was launched on Jul 11, 2019.

Performance

MPSTX vs. FMBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and Fidelity Municipal Bond Index Fund (FMBIX). The values are adjusted to include any dividend payments, if applicable.

MPSTX vs. FMBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MPSTX BNY Mellon National Short Term Municipal Bond Fund	100.63%	4.68%	2.87%	3.22%	-2.83%	0.06%	1.94%	1.04%
FMBIX Fidelity Municipal Bond Index Fund	0.00%	0.60%	1.32%	5.89%	-10.00%	1.14%	3.10%	1.48%

Returns By Period

MPSTX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMBIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPSTX vs. FMBIX - Expense Ratio Comparison

MPSTX has a 0.44% expense ratio, which is higher than FMBIX's 0.07% expense ratio.

MPSTX

BNY Mellon National Short Term Municipal Bond Fund

FMBIX

Fidelity Municipal Bond Index Fund

Return for Risk

MPSTX vs. FMBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon National Short Term Municipal Bond Fund (MPSTX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Correlation

The correlation between MPSTX and FMBIX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MPSTX vs. FMBIX - Dividend Comparison

MPSTX's dividend yield for the trailing twelve months is around 1.13%, while FMBIX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPSTX BNY Mellon National Short Term Municipal Bond Fund	1.13%	3.53%	2.43%	1.39%	1.02%	0.91%	1.22%	1.67%	1.24%	0.99%	0.91%	0.92%
FMBIX Fidelity Municipal Bond Index Fund	0.00%	0.70%	2.60%	2.29%	1.17%	1.28%	1.59%	0.77%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Volatility