SMDMX vs. FTABX
Compare and contrast key facts about Fidelity Maryland Municipal Income Fund (SMDMX) and Fidelity Tax-Free Bond Fund (FTABX).
SMDMX is managed by Fidelity. It was launched on Apr 22, 1993. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMDMX or FTABX.
Correlation
The correlation between SMDMX and FTABX is 0.90, 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.
Performance
SMDMX vs. FTABX - Performance Comparison
Key characteristics
SMDMX:
0.71
FTABX:
0.72
SMDMX:
0.98
FTABX:
0.99
SMDMX:
1.14
FTABX:
1.15
SMDMX:
0.40
FTABX:
0.45
SMDMX:
2.03
FTABX:
2.25
SMDMX:
1.22%
FTABX:
1.16%
SMDMX:
3.49%
FTABX:
3.59%
SMDMX:
-13.96%
FTABX:
-15.78%
SMDMX:
-2.35%
FTABX:
-2.02%
Returns By Period
In the year-to-date period, SMDMX achieves a 0.41% return, which is significantly higher than FTABX's 0.36% return. Over the past 10 years, SMDMX has underperformed FTABX with an annualized return of 1.81%, while FTABX has yielded a comparatively higher 2.30% annualized return.
SMDMX
0.41%
0.98%
0.63%
2.48%
0.34%
1.81%
FTABX
0.36%
0.91%
0.53%
2.61%
0.72%
2.30%
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SMDMX vs. FTABX - Expense Ratio Comparison
SMDMX has a 0.55% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
SMDMX vs. FTABX — Risk-Adjusted Performance Rank
SMDMX
FTABX
SMDMX vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Maryland Municipal Income Fund (SMDMX) and Fidelity Tax-Free Bond Fund (FTABX). 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
SMDMX vs. FTABX - Dividend Comparison
SMDMX's dividend yield for the trailing twelve months is around 2.54%, less than FTABX's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDMX Fidelity Maryland Municipal Income Fund | 2.54% | 2.53% | 2.38% | 2.29% | 2.00% | 2.14% | 2.25% | 2.31% | 2.35% | 2.55% | 4.00% | 3.03% |
FTABX Fidelity Tax-Free Bond Fund | 3.03% | 3.03% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% |
Drawdowns
SMDMX vs. FTABX - Drawdown Comparison
The maximum SMDMX drawdown since its inception was -13.96%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for SMDMX and FTABX. For additional features, visit the drawdowns tool.
Volatility
SMDMX vs. FTABX - Volatility Comparison
Fidelity Maryland Municipal Income Fund (SMDMX) and Fidelity Tax-Free Bond Fund (FTABX) have volatilities of 1.05% and 1.10%, 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.