VTEX vs. FMBIX

Last updated Apr 1, 2026

Compare and contrast key facts about VTEX (VTEX) and Fidelity Municipal Bond Index Fund (FMBIX).

FMBIX is managed by Fidelity. It was launched on Jul 11, 2019.

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.

VTEX vs. FMBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VTEX VTEX	6.38%	-36.16%	-14.39%	83.47%	-65.02%	-51.67%
FMBIX Fidelity Municipal Bond Index Fund	0.00%	0.60%	1.32%	5.89%	-10.00%	-0.26%

Returns By Period

VTEX

• 1D: 2.04%
• 1M: 16.62%
• YTD: 6.38%
• 6M: -8.68%
• 1Y: -21.10%
• 3Y*: 1.37%
• 5Y*: —
• 10Y*: —

FMBIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

VTEX vs. FMBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTEX

VTEX Risk / Return Rank: 27
VTEX Sharpe Ratio Rank: 24
VTEX Sortino Ratio Rank: 25
VTEX Omega Ratio Rank: 24
VTEX Calmar Ratio Rank: 30
VTEX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTEX vs. FMBIX - Risk-Adjusted Trends 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.

	VTEX	FMBIX	Difference
Sharpe ratio Return per unit of total volatility	-0.41	—	—
Sortino ratio Return per unit of downside risk	-0.24	—	—
Omega ratio Gain probability vs. loss probability	0.96	—	—
Calmar ratio Return relative to maximum drawdown	-0.37	—	—
Martin ratio Return relative to average drawdown	-0.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VTEX	FMBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	—	—

Correlation

The correlation between VTEX and FMBIX is 0.11, 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

VTEX vs. FMBIX - Dividend Comparison

Neither VTEX nor FMBIX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
VTEX VTEX	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FMBIX Fidelity Municipal Bond Index Fund	0.00%	0.70%	2.60%	2.29%	1.17%	1.28%	1.59%	0.77%

Drawdowns

Drawdown Indicators

	VTEX	FMBIX	Difference
Max Drawdown Largest peak-to-trough decline	-91.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-57.54%	—	—
Current Drawdown Current decline from peak	-87.60%	—	—
Average Drawdown Average peak-to-trough decline	-78.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	34.54%	—	—

Volatility

Volatility by Period

	VTEX	FMBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.87%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.38%	—	—