Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) Alternatives

Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FCSTX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to FCSTX

FCSTX charges 0.47% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among FCSTX alternatives.

Symbol	Name	Expense Ratio	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	Dec 22, 2015	FCSTX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	May 30, 2007	FCSTX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	Feb 2, 2021	FCSTX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	Jun 24, 2021	FCSTX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	Jul 11, 2019	FCSTX vs FMBIX

Best Risk-Adjusted Alternatives to FCSTX

Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	Dec 4, 2002	FCSTX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	Apr 21, 2016	FCSTX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	99	Dec 25, 2017	FCSTX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	Feb 2, 2021	FCSTX vs FHMIX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	May 30, 2016	FCSTX vs USMTX

Top Performing FCSTX Alternatives (YTD)

FCSTX alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
NMI	Nuveen Municipal Income Fund, Inc.	6.43%	Apr 20, 1998	FCSTX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	4.12%	Mar 18, 1993	FCSTX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	3.25%	Nov 21, 2002	FCSTX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	2.55%	Oct 30, 1992	FCSTX vs MIY
NQP	Nuveen Pennsylvania Quality Municipal Income	2.31%	Feb 21, 1991	FCSTX vs NQP

Lowest Volatility Alternatives to FCSTX

FCSTX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.68%	Aug 19, 2002	FCSTX vs DFSMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.69%	May 31, 2016	FCSTX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.70%	May 30, 2016	FCSTX vs USMTX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.71%	Apr 11, 2022	FCSTX vs DFABX
BATVX	BlackRock Allocation Target Shares	0.76%	May 20, 2021	FCSTX vs BATVX

Lowest Drawdown Alternatives to FCSTX

FCSTX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	May 20, 2021	FCSTX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	Dec 4, 2002	FCSTX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	Apr 21, 2016	FCSTX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.20%	Dec 25, 2017	FCSTX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.20%	Feb 2, 2021	FCSTX vs FHMIX

Other Mutual Funds from Fidelity

Most popular Fidelity mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FXAIX	Fidelity 500 Index Fund	S&P 500	46	-7.05%	Feb 17, 1988	FCSTX vs FXAIX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	46	-6.77%	—	FCSTX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	28	-13.03%	—	FCSTX vs FSPGX
FSELX	Fidelity Select Semiconductors Portfolio	Technology Equities	94	0.00%	Jul 29, 1985	FCSTX vs FSELX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	45	-6.77%	—	FCSTX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	54	-11.15%	Dec 31, 1987	FCSTX vs FBGRX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	45	-7.30%	—	FCSTX vs FNILX
FCNTX	Fidelity Contrafund Fund	Large Cap Growth Equities	44	-8.57%	May 17, 1967	FCSTX vs FCNTX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	64	-1.94%	Nov 5, 1997	FCSTX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	79	-1.15%	Jun 7, 2016	FCSTX vs FTIHX

Often Compared With FCSTX

What investors most often compare with FCSTX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FCTFX	Fidelity California Municipal Income Fund	Municipal Bonds	53	-1.07%	Jul 7, 1984	FCSTX vs FCTFX
VCADX	Vanguard California Intermediate-Term Tax-Exempt F...	Municipal Bonds	74	-0.70%	Nov 12, 2001	FCSTX vs VCADX
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	56	-0.77%	Apr 10, 2001	FCSTX vs FTABX
BCHYX	American Century California High Yield Municipal F...	Municipal Bonds	30	-0.79%	Dec 29, 1986	FCSTX vs BCHYX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	Government Bonds	88	-0.20%	Dec 20, 2005	FCSTX vs FUMBX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	27	0.14%	Oct 28, 2022	FCSTX vs BMN
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	99	0.30%	Oct 15, 2013	FCSTX vs FMNDX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	1.10%	Nov 3, 2014	FCSTX vs DMREX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	28	-0.72%	Jun 24, 2012	FCSTX vs FXIEX

Compare FCSTX with Any Fund or Stock

Compare FCSTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Fidelity California Limited Term Tax-Free Bond Fund

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