CCSTX vs. FSMUX
Compare and contrast key facts about Capital Group California Short-Term Municipal Fund (CCSTX) and Strategic Advisers Municipal Bond Fund (FSMUX).
CCSTX is managed by Capital Group. It was launched on Apr 12, 2010. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
CCSTX vs. FSMUX - Performance Comparison
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CCSTX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CCSTX Capital Group California Short-Term Municipal Fund | -0.12% | 4.09% | 2.05% | 2.50% | -2.91% | -0.18% |
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Returns By Period
In the year-to-date period, CCSTX achieves a -0.12% return, which is significantly higher than FSMUX's -1.13% return.
CCSTX
- 1D
- -0.10%
- 1M
- -1.27%
- YTD
- -0.12%
- 6M
- 0.45%
- 1Y
- 3.07%
- 3Y*
- 2.44%
- 5Y*
- 1.10%
- 10Y*
- 1.15%
FSMUX
- 1D
- 0.11%
- 1M
- -2.56%
- YTD
- -1.13%
- 6M
- 0.12%
- 1Y
- 2.39%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
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CCSTX vs. FSMUX - Expense Ratio Comparison
CCSTX has a 0.30% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
CCSTX vs. FSMUX — Risk / Return Rank
CCSTX
FSMUX
CCSTX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group California Short-Term Municipal Fund (CCSTX) and Strategic Advisers Municipal Bond Fund (FSMUX). 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.
| CCSTX | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 0.63 | +1.31 |
Sortino ratioReturn per unit of downside risk | 2.58 | 0.87 | +1.70 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.19 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 0.28 | +1.60 |
Martin ratioReturn relative to average drawdown | 7.27 | 0.78 | +6.48 |
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
| CCSTX | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 0.63 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.00 | +0.65 |
Correlation
The correlation between CCSTX and FSMUX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CCSTX vs. FSMUX - Dividend Comparison
CCSTX's dividend yield for the trailing twelve months is around 2.13%, less than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCSTX Capital Group California Short-Term Municipal Fund | 2.13% | 2.30% | 2.13% | 1.54% | 0.72% | 1.02% | 1.45% | 1.40% | 1.30% | 0.90% |
FSMUX Strategic Advisers Municipal Bond Fund | 2.35% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CCSTX vs. FSMUX - Drawdown Comparison
The maximum CCSTX drawdown since its inception was -5.09%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for CCSTX and FSMUX.
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Drawdown Indicators
| CCSTX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.09% | -16.27% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -5.30% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -5.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.09% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -2.56% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -5.61% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.96% | -1.50% |
Volatility
CCSTX vs. FSMUX - Volatility Comparison
The current volatility for Capital Group California Short-Term Municipal Fund (CCSTX) is 0.54%, while Strategic Advisers Municipal Bond Fund (FSMUX) has a volatility of 0.99%. This indicates that CCSTX experiences smaller price fluctuations and is considered to be less risky than FSMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCSTX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.99% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 2.12% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.80% | 6.65% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 4.67% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 4.67% | -3.10% |