PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SCMBX vs. FUENX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SCMBX vs. FUENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DWS Managed Municipal Bond Fund (SCMBX) and Fidelity Flex Municipal Income Fund (FUENX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.82%
3.35%
SCMBX
FUENX

Returns By Period

In the year-to-date period, SCMBX achieves a 3.18% return, which is significantly higher than FUENX's 2.65% return.


SCMBX

YTD

3.18%

1M

1.31%

6M

3.82%

1Y

8.52%

5Y (annualized)

1.31%

10Y (annualized)

2.35%

FUENX

YTD

2.65%

1M

0.97%

6M

3.36%

1Y

6.78%

5Y (annualized)

1.35%

10Y (annualized)

N/A

Key characteristics


SCMBXFUENX
Sharpe Ratio2.221.98
Sortino Ratio3.362.97
Omega Ratio1.521.47
Calmar Ratio0.901.19
Martin Ratio9.508.13
Ulcer Index0.90%0.78%
Daily Std Dev3.84%3.19%
Max Drawdown-17.56%-13.89%
Current Drawdown-1.92%-1.15%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SCMBX vs. FUENX - Expense Ratio Comparison

SCMBX has a 0.54% expense ratio, which is higher than FUENX's 0.00% expense ratio.


SCMBX
DWS Managed Municipal Bond Fund
Expense ratio chart for SCMBX: current value at 0.54% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.54%
Expense ratio chart for FUENX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.8

The correlation between SCMBX and FUENX is 0.84, 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.

Risk-Adjusted Performance

SCMBX vs. FUENX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and Fidelity Flex Municipal Income Fund (FUENX). 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.


Sharpe ratio
The chart of Sharpe ratio for SCMBX, currently valued at 2.08, compared to the broader market-1.000.001.002.003.004.005.002.081.98
The chart of Sortino ratio for SCMBX, currently valued at 3.15, compared to the broader market0.005.0010.003.162.97
The chart of Omega ratio for SCMBX, currently valued at 1.49, compared to the broader market1.002.003.004.001.491.47
The chart of Calmar ratio for SCMBX, currently valued at 0.94, compared to the broader market0.005.0010.0015.0020.000.941.19
The chart of Martin ratio for SCMBX, currently valued at 8.88, compared to the broader market0.0020.0040.0060.0080.00100.008.888.13
SCMBX
FUENX

The current SCMBX Sharpe Ratio is 2.22, which is comparable to the FUENX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SCMBX and FUENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.08
1.98
SCMBX
FUENX

Dividends

SCMBX vs. FUENX - Dividend Comparison

SCMBX's dividend yield for the trailing twelve months is around 4.03%, more than FUENX's 2.83% yield.


TTM20232022202120202019201820172016201520142013
SCMBX
DWS Managed Municipal Bond Fund
4.03%4.08%4.30%2.87%4.00%3.49%3.38%3.42%3.78%3.91%4.07%4.30%
FUENX
Fidelity Flex Municipal Income Fund
2.83%2.58%2.10%1.68%2.25%2.69%3.36%0.35%0.00%0.00%0.00%0.00%

Drawdowns

SCMBX vs. FUENX - Drawdown Comparison

The maximum SCMBX drawdown since its inception was -17.56%, which is greater than FUENX's maximum drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for SCMBX and FUENX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.92%
-1.15%
SCMBX
FUENX

Volatility

SCMBX vs. FUENX - Volatility Comparison

DWS Managed Municipal Bond Fund (SCMBX) has a higher volatility of 1.61% compared to Fidelity Flex Municipal Income Fund (FUENX) at 1.32%. This indicates that SCMBX's price experiences larger fluctuations and is considered to be riskier than FUENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.61%
1.32%
SCMBX
FUENX