FCSTX vs. FUMBX
Compare and contrast key facts about Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FCSTX is managed by Fidelity. It was launched on Oct 25, 2005. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCSTX or FUMBX.
Correlation
The correlation between FCSTX and FUMBX is 0.38, 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.
Performance
FCSTX vs. FUMBX - Performance Comparison
Key characteristics
FCSTX:
1.39
FUMBX:
1.85
FCSTX:
2.01
FUMBX:
2.87
FCSTX:
1.31
FUMBX:
1.37
FCSTX:
0.90
FUMBX:
1.05
FCSTX:
4.20
FUMBX:
6.35
FCSTX:
0.62%
FUMBX:
0.72%
FCSTX:
1.88%
FUMBX:
2.45%
FCSTX:
-7.51%
FUMBX:
-9.07%
FCSTX:
-0.25%
FUMBX:
-0.47%
Returns By Period
In the year-to-date period, FCSTX achieves a 0.56% return, which is significantly higher than FUMBX's 0.50% return.
FCSTX
0.56%
0.66%
1.05%
2.62%
0.67%
1.24%
FUMBX
0.50%
0.50%
0.96%
4.54%
0.79%
N/A
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FCSTX vs. FUMBX - Expense Ratio Comparison
FCSTX has a 0.47% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Risk-Adjusted Performance
FCSTX vs. FUMBX — Risk-Adjusted Performance Rank
FCSTX
FUMBX
FCSTX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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.
Dividends
FCSTX vs. FUMBX - Dividend Comparison
FCSTX's dividend yield for the trailing twelve months is around 1.99%, less than FUMBX's 2.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSTX Fidelity California Limited Term Tax-Free Bond Fund | 1.99% | 1.99% | 1.67% | 1.35% | 1.27% | 1.52% | 1.72% | 1.71% | 1.59% | 1.64% | 1.79% | 1.89% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.96% | 2.91% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCSTX vs. FUMBX - Drawdown Comparison
The maximum FCSTX drawdown since its inception was -7.51%, smaller than the maximum FUMBX drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for FCSTX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
FCSTX vs. FUMBX - Volatility Comparison
The current volatility for Fidelity California Limited Term Tax-Free Bond Fund (FCSTX) is 0.54%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.59%. This indicates that FCSTX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.