FICNX vs. FTABX
Compare and contrast key facts about Fidelity Connecticut Municipal Income Fund (FICNX) and Fidelity Tax-Free Bond Fund (FTABX).
FICNX is managed by Fidelity. It was launched on Oct 29, 1987. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Performance
FICNX vs. FTABX - Performance Comparison
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FICNX vs. FTABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FICNX Fidelity Connecticut Municipal Income Fund | -0.79% | 5.59% | 0.79% | 6.29% | -8.80% | 1.56% | 4.05% | 8.26% | 0.94% | 4.20% |
FTABX Fidelity Tax-Free Bond Fund | -0.77% | 5.60% | 1.54% | 7.51% | -10.74% | 2.20% | 4.80% | 8.58% | 0.67% | 6.45% |
Returns By Period
The year-to-date returns for both investments are quite close, with FICNX having a -0.79% return and FTABX slightly higher at -0.77%. Over the past 10 years, FICNX has underperformed FTABX with an annualized return of 1.87%, while FTABX has yielded a comparatively higher 2.29% annualized return.
FICNX
- 1D
- 0.18%
- 1M
- -2.66%
- YTD
- -0.79%
- 6M
- 0.76%
- 1Y
- 4.33%
- 3Y*
- 3.08%
- 5Y*
- 0.89%
- 10Y*
- 1.87%
FTABX
- 1D
- 0.18%
- 1M
- -2.93%
- YTD
- -0.77%
- 6M
- 0.87%
- 1Y
- 4.33%
- 3Y*
- 3.49%
- 5Y*
- 0.93%
- 10Y*
- 2.29%
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FICNX vs. FTABX - Expense Ratio Comparison
FICNX has a 0.48% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Return for Risk
FICNX vs. FTABX — Risk / Return Rank
FICNX
FTABX
FICNX vs. FTABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Connecticut Municipal Income Fund (FICNX) and Fidelity Tax-Free Bond Fund (FTABX). 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.
| FICNX | FTABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.08 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.46 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.16 | +0.19 |
Martin ratioReturn relative to average drawdown | 5.34 | 4.03 | +1.30 |
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
| FICNX | FTABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.08 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.23 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.54 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 1.04 | +0.22 |
Correlation
The correlation between FICNX and FTABX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FICNX vs. FTABX - Dividend Comparison
FICNX's dividend yield for the trailing twelve months is around 2.57%, less than FTABX's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FICNX Fidelity Connecticut Municipal Income Fund | 2.57% | 3.18% | 2.62% | 2.43% | 1.73% | 1.98% | 2.59% | 2.77% | 2.52% | 3.05% | 4.27% | 3.26% |
FTABX Fidelity Tax-Free Bond Fund | 3.21% | 4.18% | 2.81% | 2.90% | 2.16% | 2.27% | 2.64% | 2.94% | 3.01% | 3.49% | 4.22% | 3.29% |
Drawdowns
FICNX vs. FTABX - Drawdown Comparison
The maximum FICNX drawdown since its inception was -13.29%, smaller than the maximum FTABX drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for FICNX and FTABX.
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Drawdown Indicators
| FICNX | FTABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.29% | -16.14% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -4.74% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -13.29% | -16.14% | +2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -13.29% | -16.14% | +2.85% |
Current DrawdownCurrent decline from peak | -2.66% | -2.93% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -2.13% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.36% | -0.37% |
Volatility
FICNX vs. FTABX - Volatility Comparison
Fidelity Connecticut Municipal Income Fund (FICNX) and Fidelity Tax-Free Bond Fund (FTABX) have volatilities of 1.07% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FICNX | FTABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.10% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.59% | 1.77% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 4.84% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 4.12% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 4.27% | -0.53% |