SMMU vs. FXAIX
Compare and contrast key facts about PIMCO Short Term Municipal Bond Active ETF (SMMU) and Fidelity 500 Index Fund (FXAIX).
SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMMU or FXAIX.
Key characteristics
| SMMU | FXAIX | |
|---|---|---|
| YTD Return | 0.73% | 11.87% |
| 1Y Return | 4.13% | 31.17% |
| 3Y Return (Ann) | 1.02% | 10.05% |
| 5Y Return (Ann) | 1.57% | 15.09% |
| 10Y Return (Ann) | 1.38% | 13.10% |
| Sharpe Ratio | 2.24 | 2.61 |
| Daily Std Dev | 1.84% | 11.62% |
| Max Drawdown | -5.08% | -33.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SMMU and FXAIX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SMMU vs. FXAIX - Performance Comparison
In the year-to-date period, SMMU achieves a 0.73% return, which is significantly lower than FXAIX's 11.87% return. Over the past 10 years, SMMU has underperformed FXAIX with an annualized return of 1.38%, while FXAIX has yielded a comparatively higher 13.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMMU vs. FXAIX - Expense Ratio Comparison
SMMU has a 0.35% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
SMMU vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Municipal Bond Active ETF (SMMU) and Fidelity 500 Index Fund (FXAIX). 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
SMMU vs. FXAIX - Dividend Comparison
SMMU's dividend yield for the trailing twelve months is around 3.48%, more than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 3.48% | 3.29% | 1.37% | 0.60% | 1.19% | 1.82% | 1.73% | 1.41% | 1.03% | 0.89% | 0.67% | 0.57% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
SMMU vs. FXAIX - Drawdown Comparison
The maximum SMMU drawdown since its inception was -5.08%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SMMU and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SMMU vs. FXAIX - Volatility Comparison
The current volatility for PIMCO Short Term Municipal Bond Active ETF (SMMU) is 0.38%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.48%. This indicates that SMMU experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.