SCMBX vs. FUEMX
Compare and contrast key facts about DWS Managed Municipal Bond Fund (SCMBX) and Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX).
SCMBX is managed by BlackRock. It was launched on Oct 13, 1976. FUEMX is managed by Fidelity. It was launched on Oct 12, 2017.
Performance
SCMBX vs. FUEMX - Performance Comparison
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SCMBX vs. FUEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | -0.34% | 3.21% | 2.52% | 6.64% | -12.83% | 2.09% | 4.72% | 8.93% | 0.21% | 0.84% |
FUEMX Fidelity Flex Conservative Income Municipal Bond Fund | 0.44% | 3.43% | 3.56% | 3.55% | 0.05% | 0.34% | 1.08% | 2.50% | 1.77% | 0.02% |
Returns By Period
In the year-to-date period, SCMBX achieves a -0.34% return, which is significantly lower than FUEMX's 0.44% return.
SCMBX
- 1D
- 0.25%
- 1M
- -2.37%
- YTD
- -0.34%
- 6M
- 1.08%
- 1Y
- 3.84%
- 3Y*
- 2.95%
- 5Y*
- 0.13%
- 10Y*
- 1.75%
FUEMX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.44%
- 6M
- 1.16%
- 1Y
- 2.98%
- 3Y*
- 3.33%
- 5Y*
- 2.25%
- 10Y*
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SCMBX vs. FUEMX - Expense Ratio Comparison
SCMBX has a 0.54% expense ratio, which is higher than FUEMX's 0.00% expense ratio.
Return for Risk
SCMBX vs. FUEMX — Risk / Return Rank
SCMBX
FUEMX
SCMBX vs. FUEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX). 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.
| SCMBX | FUEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 2.89 | -2.10 |
Sortino ratioReturn per unit of downside risk | 1.07 | 6.63 | -5.56 |
Omega ratioGain probability vs. loss probability | 1.22 | 2.62 | -1.40 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 6.57 | -5.76 |
Martin ratioReturn relative to average drawdown | 2.62 | 28.89 | -26.27 |
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
| SCMBX | FUEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.89 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 1.93 | -1.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 1.87 | -0.61 |
Correlation
The correlation between SCMBX and FUEMX is 0.41, 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
SCMBX vs. FUEMX - Dividend Comparison
SCMBX's dividend yield for the trailing twelve months is around 4.89%, more than FUEMX's 2.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 4.89% | 4.46% | 3.49% | 2.64% | 2.36% | 3.27% | 3.57% | 4.32% | 3.42% | 3.31% | 3.87% | 3.99% |
FUEMX Fidelity Flex Conservative Income Municipal Bond Fund | 2.84% | 3.17% | 3.49% | 2.87% | 0.75% | 0.44% | 0.97% | 1.97% | 1.75% | 0.28% | 0.00% | 0.00% |
Drawdowns
SCMBX vs. FUEMX - Drawdown Comparison
The maximum SCMBX drawdown since its inception was -18.17%, which is greater than FUEMX's maximum drawdown of -1.99%. Use the drawdown chart below to compare losses from any high point for SCMBX and FUEMX.
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Drawdown Indicators
| SCMBX | FUEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -1.99% | -16.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -0.50% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -1.20% | -16.97% |
Max Drawdown (10Y)Largest decline over 10 years | -18.17% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -0.30% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -0.11% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 0.11% | +1.45% |
Volatility
SCMBX vs. FUEMX - Volatility Comparison
DWS Managed Municipal Bond Fund (SCMBX) has a higher volatility of 1.25% compared to Fidelity Flex Conservative Income Municipal Bond Fund (FUEMX) at 0.22%. This indicates that SCMBX's price experiences larger fluctuations and is considered to be riskier than FUEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMBX | FUEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.22% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 0.71% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 1.14% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 1.17% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 1.07% | +3.23% |