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FLTMX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FLTMXBND
YTD Return1.53%2.40%
1Y Return6.22%8.91%
3Y Return (Ann)0.10%-2.38%
5Y Return (Ann)1.25%0.01%
10Y Return (Ann)1.99%1.50%
Sharpe Ratio2.091.38
Sortino Ratio3.192.03
Omega Ratio1.501.24
Calmar Ratio0.980.51
Martin Ratio8.034.99
Ulcer Index0.69%1.62%
Daily Std Dev2.69%5.85%
Max Drawdown-12.97%-18.84%
Current Drawdown-1.24%-8.44%

Correlation

-0.50.00.51.00.4

The correlation between FLTMX and BND is 0.44, 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.

Performance

FLTMX vs. BND - Performance Comparison

In the year-to-date period, FLTMX achieves a 1.53% return, which is significantly lower than BND's 2.40% return. Over the past 10 years, FLTMX has outperformed BND with an annualized return of 1.99%, while BND has yielded a comparatively lower 1.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
1.64%
4.29%
FLTMX
BND

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FLTMX vs. BND - Expense Ratio Comparison

FLTMX has a 0.32% expense ratio, which is higher than BND's 0.03% expense ratio.


FLTMX
Fidelity Intermediate Municipal Income Fund
Expense ratio chart for FLTMX: current value at 0.32% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.32%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

FLTMX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Vanguard Total Bond Market ETF (BND). 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.


FLTMX
Sharpe ratio
The chart of Sharpe ratio for FLTMX, currently valued at 2.09, compared to the broader market0.002.004.002.09
Sortino ratio
The chart of Sortino ratio for FLTMX, currently valued at 3.19, compared to the broader market0.005.0010.003.19
Omega ratio
The chart of Omega ratio for FLTMX, currently valued at 1.50, compared to the broader market1.002.003.004.001.50
Calmar ratio
The chart of Calmar ratio for FLTMX, currently valued at 0.98, compared to the broader market0.005.0010.0015.0020.000.98
Martin ratio
The chart of Martin ratio for FLTMX, currently valued at 8.03, compared to the broader market0.0020.0040.0060.0080.00100.008.03
BND
Sharpe ratio
The chart of Sharpe ratio for BND, currently valued at 1.31, compared to the broader market0.002.004.001.31
Sortino ratio
The chart of Sortino ratio for BND, currently valued at 1.91, compared to the broader market0.005.0010.001.91
Omega ratio
The chart of Omega ratio for BND, currently valued at 1.23, compared to the broader market1.002.003.004.001.23
Calmar ratio
The chart of Calmar ratio for BND, currently valued at 0.49, compared to the broader market0.005.0010.0015.0020.000.49
Martin ratio
The chart of Martin ratio for BND, currently valued at 4.56, compared to the broader market0.0020.0040.0060.0080.00100.004.56

FLTMX vs. BND - Sharpe Ratio Comparison

The current FLTMX Sharpe Ratio is 2.09, which is higher than the BND Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FLTMX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.09
1.31
FLTMX
BND

Dividends

FLTMX vs. BND - Dividend Comparison

FLTMX's dividend yield for the trailing twelve months is around 2.61%, less than BND's 3.55% yield.


TTM20232022202120202019201820172016201520142013
FLTMX
Fidelity Intermediate Municipal Income Fund
2.61%2.43%2.05%1.80%2.06%2.39%2.55%2.61%2.61%2.59%2.81%3.17%
BND
Vanguard Total Bond Market ETF
3.55%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

FLTMX vs. BND - Drawdown Comparison

The maximum FLTMX drawdown since its inception was -12.97%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FLTMX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.24%
-8.44%
FLTMX
BND

Volatility

FLTMX vs. BND - Volatility Comparison

The current volatility for Fidelity Intermediate Municipal Income Fund (FLTMX) is 1.33%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.67%. This indicates that FLTMX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
1.33%
1.67%
FLTMX
BND