SFBDX vs. FSMUX
Compare and contrast key facts about State Farm Municipal Bond Fund (SFBDX) and Strategic Advisers Municipal Bond Fund (FSMUX).
SFBDX is managed by State Farm. It was launched on Oct 31, 1977. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
SFBDX vs. FSMUX - Performance Comparison
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SFBDX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SFBDX State Farm Municipal Bond Fund | -0.93% | 5.11% | 0.65% | 4.05% | -6.83% | 0.42% |
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, SFBDX achieves a -0.93% return, which is significantly higher than FSMUX's -1.13% return.
SFBDX
- 1D
- 0.12%
- 1M
- -2.75%
- YTD
- -0.93%
- 6M
- 0.64%
- 1Y
- 4.24%
- 3Y*
- 2.22%
- 5Y*
- 0.62%
- 10Y*
- 1.73%
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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SFBDX vs. FSMUX - Expense Ratio Comparison
SFBDX has a 0.16% expense ratio, which is higher than FSMUX's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SFBDX vs. FSMUX — Risk / Return Rank
SFBDX
FSMUX
SFBDX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Farm Municipal Bond Fund (SFBDX) 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.
| SFBDX | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.63 | +0.68 |
Sortino ratioReturn per unit of downside risk | 1.75 | 0.87 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.28 | +0.92 |
Martin ratioReturn relative to average drawdown | 4.74 | 0.78 | +3.96 |
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
| SFBDX | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.63 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | -0.00 | +1.17 |
Correlation
The correlation between SFBDX and FSMUX is 0.82, 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.
Dividends
SFBDX vs. FSMUX - Dividend Comparison
SFBDX's dividend yield for the trailing twelve months is around 3.04%, more than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFBDX State Farm Municipal Bond Fund | 3.04% | 2.97% | 2.62% | 2.46% | 2.01% | 2.33% | 4.03% | 2.78% | 2.23% | 2.77% | 2.06% | 2.64% |
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
SFBDX vs. FSMUX - Drawdown Comparison
The maximum SFBDX drawdown since its inception was -11.79%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for SFBDX and FSMUX.
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Drawdown Indicators
| SFBDX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.79% | -16.27% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.58% | -5.30% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -11.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.79% | — | — |
Current DrawdownCurrent decline from peak | -2.75% | -2.56% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -5.61% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.96% | -1.06% |
Volatility
SFBDX vs. FSMUX - Volatility Comparison
State Farm Municipal Bond Fund (SFBDX) and Strategic Advisers Municipal Bond Fund (FSMUX) have volatilities of 0.95% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFBDX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.99% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 2.12% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 6.65% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 4.67% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.39% | 4.67% | -1.28% |