MYI vs. FSMUX
Compare and contrast key facts about BlackRock MuniYield Quality Fund III (MYI) and Strategic Advisers Municipal Bond Fund (FSMUX).
MYI is an actively managed fund by BlackRock. It was launched on Apr 13, 1992. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
MYI vs. FSMUX - Performance Comparison
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MYI vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | -1.85% | 4.74% | 0.55% | 8.79% | -20.52% | 2.52% |
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Returns By Period
In the year-to-date period, MYI achieves a -1.85% return, which is significantly lower than FSMUX's -1.13% return.
MYI
- 1D
- 1.15%
- 1M
- -6.10%
- YTD
- -1.85%
- 6M
- -2.23%
- 1Y
- 1.71%
- 3Y*
- 3.22%
- 5Y*
- -0.93%
- 10Y*
- 1.39%
FSMUX
- 1D
- 0.11%
- 1M
- -2.56%
- YTD
- -1.13%
- 6M
- 0.12%
- 1Y
- 2.39%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
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MYI vs. FSMUX - Expense Ratio Comparison
MYI has a 2.16% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
MYI vs. FSMUX — Risk / Return Rank
MYI
FSMUX
MYI vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund III (MYI) and Strategic Advisers Municipal Bond Fund (FSMUX). 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.
| MYI | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.17 | 0.63 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.29 | 0.87 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.19 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.28 | +0.03 |
Martin ratioReturn relative to average drawdown | 0.85 | 0.78 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MYI | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.63 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.00 | +0.24 |
Correlation
The correlation between MYI and FSMUX is 0.44, 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
MYI vs. FSMUX - Dividend Comparison
MYI's dividend yield for the trailing twelve months is around 6.34%, more than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYI BlackRock MuniYield Quality Fund III | 6.34% | 6.13% | 6.03% | 4.30% | 5.22% | 4.17% | 3.84% | 3.89% | 5.01% | 5.88% | 6.20% | 6.03% |
FSMUX Strategic Advisers Municipal Bond Fund | 2.35% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MYI vs. FSMUX - Drawdown Comparison
The maximum MYI drawdown since its inception was -43.90%, which is greater than FSMUX's maximum drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for MYI and FSMUX.
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Drawdown Indicators
| MYI | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -16.27% | -27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -5.30% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -31.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | — | — |
Current DrawdownCurrent decline from peak | -11.40% | -2.56% | -8.84% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -5.61% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.96% | +0.83% |
Volatility
MYI vs. FSMUX - Volatility Comparison
BlackRock MuniYield Quality Fund III (MYI) has a higher volatility of 3.28% compared to Strategic Advisers Municipal Bond Fund (FSMUX) at 0.99%. This indicates that MYI's price experiences larger fluctuations and is considered to be riskier than FSMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYI | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 0.99% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 2.12% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 6.65% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 4.67% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.34% | 4.67% | +6.67% |