FCTDX vs. FCMTX
Compare and contrast key facts about Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) and Fidelity Advisor California Municipal Income Fund Class M (FCMTX).
FCTDX is managed by Fidelity. It was launched on Mar 20, 2018. FCMTX is managed by Fidelity. It was launched on Aug 1, 2002.
Performance
FCTDX vs. FCMTX - Performance Comparison
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FCTDX vs. FCMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund | -6.05% | 15.63% | 23.13% | 26.72% | -17.93% | 25.40% | 22.20% | 29.99% | -5.32% |
FCMTX Fidelity Advisor California Municipal Income Fund Class M | -1.10% | 5.40% | 1.19% | 6.01% | -9.81% | 1.18% | 4.28% | 7.29% | 1.94% |
Returns By Period
In the year-to-date period, FCTDX achieves a -6.05% return, which is significantly lower than FCMTX's -1.10% return.
FCTDX
- 1D
- -2.17%
- 1M
- -8.51%
- YTD
- -6.05%
- 6M
- -3.15%
- 1Y
- 13.62%
- 3Y*
- 16.48%
- 5Y*
- 10.15%
- 10Y*
- —
FCMTX
- 1D
- 0.16%
- 1M
- -3.32%
- YTD
- -1.10%
- 6M
- 0.49%
- 1Y
- 4.10%
- 3Y*
- 2.87%
- 5Y*
- 0.58%
- 10Y*
- 1.69%
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FCTDX vs. FCMTX - Expense Ratio Comparison
FCTDX has a 0.61% expense ratio, which is lower than FCMTX's 0.70% expense ratio.
Return for Risk
FCTDX vs. FCMTX — Risk / Return Rank
FCTDX
FCMTX
FCTDX vs. FCMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) and Fidelity Advisor California Municipal Income Fund Class M (FCMTX). 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.
| FCTDX | FCMTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.96 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.30 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.01 | -0.76 |
Martin ratioReturn relative to average drawdown | 0.92 | 3.56 | -2.64 |
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
| FCTDX | FCMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.96 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.15 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.60 | +0.06 |
Correlation
The correlation between FCTDX and FCMTX is 0.02, 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
FCTDX vs. FCMTX - Dividend Comparison
FCTDX's dividend yield for the trailing twelve months is around 2.02%, less than FCMTX's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund | 2.02% | 1.90% | 4.33% | 2.26% | 5.75% | 7.90% | 2.73% | 2.89% | 2.38% | 0.00% | 0.00% | 0.00% |
FCMTX Fidelity Advisor California Municipal Income Fund Class M | 2.77% | 3.55% | 2.17% | 2.22% | 1.50% | 2.07% | 2.52% | 2.54% | 2.73% | 3.21% | 3.17% | 2.78% |
Drawdowns
FCTDX vs. FCMTX - Drawdown Comparison
The maximum FCTDX drawdown since its inception was -34.51%, which is greater than FCMTX's maximum drawdown of -16.96%. Use the drawdown chart below to compare losses from any high point for FCTDX and FCMTX.
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Drawdown Indicators
| FCTDX | FCMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.51% | -16.96% | -17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.99% | -5.07% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.92% | -14.21% | -10.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.21% | — |
Current DrawdownCurrent decline from peak | -8.96% | -3.32% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -3.05% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 1.43% | +3.62% |
Volatility
FCTDX vs. FCMTX - Volatility Comparison
Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) has a higher volatility of 4.47% compared to Fidelity Advisor California Municipal Income Fund Class M (FCMTX) at 1.18%. This indicates that FCTDX's price experiences larger fluctuations and is considered to be riskier than FCMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCTDX | FCMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.18% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 1.78% | +7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 5.05% | +14.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 3.93% | +13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 4.03% | +15.71% |