SHMMX vs. FBND
Compare and contrast key facts about Western Asset Managed Municipals Fund (SHMMX) and Fidelity Total Bond ETF (FBND).
SHMMX is managed by Franklin Templeton Investments. It was launched on Mar 3, 1981. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHMMX or FBND.
Correlation
The correlation between SHMMX and FBND is 0.43, 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.
Performance
SHMMX vs. FBND - Performance Comparison
Key characteristics
SHMMX:
0.54
FBND:
0.48
SHMMX:
0.76
FBND:
0.70
SHMMX:
1.11
FBND:
1.09
SHMMX:
0.33
FBND:
0.25
SHMMX:
2.26
FBND:
1.57
SHMMX:
0.82%
FBND:
1.69%
SHMMX:
3.46%
FBND:
5.50%
SHMMX:
-16.39%
FBND:
-17.25%
SHMMX:
-3.41%
FBND:
-5.67%
Returns By Period
In the year-to-date period, SHMMX achieves a 1.22% return, which is significantly lower than FBND's 1.98% return. Over the past 10 years, SHMMX has underperformed FBND with an annualized return of 2.07%, while FBND has yielded a comparatively higher 2.20% annualized return.
SHMMX
1.22%
-1.46%
0.02%
1.65%
0.92%
2.07%
FBND
1.98%
-0.57%
1.43%
2.28%
0.78%
2.20%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SHMMX vs. FBND - Expense Ratio Comparison
SHMMX has a 0.67% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
SHMMX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Managed Municipals Fund (SHMMX) and Fidelity Total Bond ETF (FBND). 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.
Dividends
SHMMX vs. FBND - Dividend Comparison
SHMMX's dividend yield for the trailing twelve months is around 3.10%, less than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHMMX Western Asset Managed Municipals Fund | 3.10% | 3.24% | 2.88% | 2.47% | 2.73% | 3.34% | 3.82% | 3.88% | 3.81% | 3.81% | 3.90% | 4.19% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
SHMMX vs. FBND - Drawdown Comparison
The maximum SHMMX drawdown since its inception was -16.39%, roughly equal to the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for SHMMX and FBND. For additional features, visit the drawdowns tool.
Volatility
SHMMX vs. FBND - Volatility Comparison
The current volatility for Western Asset Managed Municipals Fund (SHMMX) is 1.23%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.59%. This indicates that SHMMX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.