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VTEX vs. FMBIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VTEX vs. FMBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VTEX (VTEX) and Fidelity Municipal Bond Index Fund (FMBIX). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-7.85%
3.54%
VTEX
FMBIX

Returns By Period

In the year-to-date period, VTEX achieves a -6.10% return, which is significantly lower than FMBIX's 1.81% return.


VTEX

YTD

-6.10%

1M

-1.82%

6M

-7.85%

1Y

-8.76%

5Y (annualized)

N/A

10Y (annualized)

N/A

FMBIX

YTD

1.81%

1M

1.15%

6M

3.54%

1Y

5.75%

5Y (annualized)

0.45%

10Y (annualized)

N/A

Key characteristics


VTEXFMBIX
Sharpe Ratio-0.211.36
Sortino Ratio-0.011.95
Omega Ratio1.001.30
Calmar Ratio-0.110.68
Martin Ratio-0.414.58
Ulcer Index21.15%0.99%
Daily Std Dev42.70%3.40%
Max Drawdown-91.38%-14.31%
Current Drawdown-79.97%-2.88%

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Correlation

-0.50.00.51.00.1

The correlation between VTEX and FMBIX is 0.13, 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.

Risk-Adjusted Performance

VTEX vs. FMBIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VTEX (VTEX) and Fidelity Municipal Bond Index Fund (FMBIX). 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.


Sharpe ratio
The chart of Sharpe ratio for VTEX, currently valued at -0.16, compared to the broader market-4.00-2.000.002.004.00-0.161.36
The chart of Sortino ratio for VTEX, currently valued at 0.07, compared to the broader market-4.00-2.000.002.004.000.071.95
The chart of Omega ratio for VTEX, currently valued at 1.01, compared to the broader market0.501.001.502.001.011.30
The chart of Calmar ratio for VTEX, currently valued at -0.08, compared to the broader market0.002.004.006.00-0.080.68
The chart of Martin ratio for VTEX, currently valued at -0.32, compared to the broader market0.0010.0020.0030.00-0.324.58
VTEX
FMBIX

The current VTEX Sharpe Ratio is -0.21, which is lower than the FMBIX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VTEX and FMBIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.16
1.36
VTEX
FMBIX

Dividends

VTEX vs. FMBIX - Dividend Comparison

VTEX has not paid dividends to shareholders, while FMBIX's dividend yield for the trailing twelve months is around 2.51%.


TTM20232022202120202019
VTEX
VTEX
0.00%0.00%0.00%0.00%0.00%0.00%
FMBIX
Fidelity Municipal Bond Index Fund
2.51%2.31%1.80%1.42%1.59%0.77%

Drawdowns

VTEX vs. FMBIX - Drawdown Comparison

The maximum VTEX drawdown since its inception was -91.38%, which is greater than FMBIX's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for VTEX and FMBIX. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-79.97%
-2.88%
VTEX
FMBIX

Volatility

VTEX vs. FMBIX - Volatility Comparison

VTEX (VTEX) has a higher volatility of 7.18% compared to Fidelity Municipal Bond Index Fund (FMBIX) at 1.53%. This indicates that VTEX's price experiences larger fluctuations and is considered to be riskier than FMBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
7.18%
1.53%
VTEX
FMBIX