VNDFX vs. FMNDX
Compare and contrast key facts about Viking Tax-Free Fund for North Dakota (VNDFX) and Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX).
VNDFX is managed by IntegrityVikingFunds. It was launched on Aug 2, 1999. FMNDX is managed by Fidelity. It was launched on Oct 15, 2013.
Performance
VNDFX vs. FMNDX - Performance Comparison
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VNDFX vs. FMNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNDFX Viking Tax-Free Fund for North Dakota | -0.18% | 3.02% | -1.96% | 4.65% | -9.89% | 0.42% | 2.90% | 5.12% | 0.72% | 3.35% |
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 0.30% | 3.31% | 3.04% | 3.37% | -0.09% | 0.03% | 0.86% | 2.00% | 1.58% | 1.10% |
Returns By Period
In the year-to-date period, VNDFX achieves a -0.18% return, which is significantly lower than FMNDX's 0.30% return. Over the past 10 years, VNDFX has underperformed FMNDX with an annualized return of 0.56%, while FMNDX has yielded a comparatively higher 1.55% annualized return.
VNDFX
- 1D
- 0.23%
- 1M
- -2.01%
- YTD
- -0.18%
- 6M
- 1.76%
- 1Y
- 3.92%
- 3Y*
- 0.94%
- 5Y*
- -0.80%
- 10Y*
- 0.56%
FMNDX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.30%
- 6M
- 1.06%
- 1Y
- 2.67%
- 3Y*
- 3.04%
- 5Y*
- 1.98%
- 10Y*
- 1.55%
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VNDFX vs. FMNDX - Expense Ratio Comparison
VNDFX has a 0.98% expense ratio, which is higher than FMNDX's 0.25% expense ratio.
Return for Risk
VNDFX vs. FMNDX — Risk / Return Rank
VNDFX
FMNDX
VNDFX vs. FMNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viking Tax-Free Fund for North Dakota (VNDFX) and Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX). 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.
| VNDFX | FMNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 2.85 | -2.20 |
Sortino ratioReturn per unit of downside risk | 0.95 | 6.52 | -5.57 |
Omega ratioGain probability vs. loss probability | 1.27 | 2.73 | -1.46 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 7.66 | -6.93 |
Martin ratioReturn relative to average drawdown | 2.56 | 29.05 | -26.49 |
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
| VNDFX | FMNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 2.85 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 1.90 | -2.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 1.74 | -1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.66 | -1.23 |
Correlation
The correlation between VNDFX and FMNDX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VNDFX vs. FMNDX - Dividend Comparison
VNDFX's dividend yield for the trailing twelve months is around 2.79%, more than FMNDX's 2.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNDFX Viking Tax-Free Fund for North Dakota | 2.79% | 3.03% | 2.93% | 2.30% | 1.86% | 1.69% | 2.07% | 2.72% | 2.58% | 2.71% | 2.62% | 2.38% |
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 2.64% | 2.95% | 2.99% | 2.60% | 0.61% | 0.23% | 0.85% | 1.58% | 1.46% | 1.00% | 0.75% | 0.38% |
Drawdowns
VNDFX vs. FMNDX - Drawdown Comparison
The maximum VNDFX drawdown since its inception was -14.80%, which is greater than FMNDX's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for VNDFX and FMNDX.
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Drawdown Indicators
| VNDFX | FMNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.80% | -1.69% | -13.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.58% | -0.40% | -6.18% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -1.09% | -13.71% |
Max Drawdown (10Y)Largest decline over 10 years | -14.80% | -1.69% | -13.11% |
Current DrawdownCurrent decline from peak | -5.37% | -0.30% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -0.10% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.10% | +1.78% |
Volatility
VNDFX vs. FMNDX - Volatility Comparison
Viking Tax-Free Fund for North Dakota (VNDFX) has a higher volatility of 0.99% compared to Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) at 0.16%. This indicates that VNDFX's price experiences larger fluctuations and is considered to be riskier than FMNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNDFX | FMNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.16% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 0.62% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.56% | 1.01% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 1.05% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 0.90% | +3.13% |