FLTMX vs. BSNSX
Compare and contrast key facts about Fidelity Intermediate Municipal Income Fund (FLTMX) and Baird Strategic Municipal Bond Fund (BSNSX).
FLTMX is managed by Fidelity. It was launched on Apr 15, 1977. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTMX or BSNSX.
Correlation
The correlation between FLTMX and BSNSX is 0.79, 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.
Performance
FLTMX vs. BSNSX - Performance Comparison
Key characteristics
FLTMX:
0.92
BSNSX:
1.78
FLTMX:
1.28
BSNSX:
2.47
FLTMX:
1.20
BSNSX:
1.41
FLTMX:
0.74
BSNSX:
2.44
FLTMX:
2.77
BSNSX:
6.45
FLTMX:
0.89%
BSNSX:
0.60%
FLTMX:
2.66%
BSNSX:
2.17%
FLTMX:
-12.97%
BSNSX:
-10.21%
FLTMX:
-0.25%
BSNSX:
-0.10%
Returns By Period
The year-to-date returns for both investments are quite close, with FLTMX having a 0.99% return and BSNSX slightly higher at 1.03%.
FLTMX
0.99%
0.69%
1.04%
2.46%
0.77%
1.98%
BSNSX
1.03%
0.49%
1.25%
3.75%
2.10%
N/A
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FLTMX vs. BSNSX - Expense Ratio Comparison
FLTMX has a 0.32% expense ratio, which is lower than BSNSX's 0.55% expense ratio.
Risk-Adjusted Performance
FLTMX vs. BSNSX — Risk-Adjusted Performance Rank
FLTMX
BSNSX
FLTMX vs. BSNSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Baird Strategic Municipal Bond Fund (BSNSX). 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
FLTMX vs. BSNSX - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.21%, less than BSNSX's 2.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | 2.21% | 2.65% | 2.43% | 2.05% | 1.80% | 2.06% | 2.39% | 2.55% | 2.61% | 2.61% | 2.59% | 2.81% |
BSNSX Baird Strategic Municipal Bond Fund | 2.98% | 3.27% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLTMX vs. BSNSX - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -12.97%, which is greater than BSNSX's maximum drawdown of -10.21%. Use the drawdown chart below to compare losses from any high point for FLTMX and BSNSX. For additional features, visit the drawdowns tool.
Volatility
FLTMX vs. BSNSX - Volatility Comparison
Fidelity Intermediate Municipal Income Fund (FLTMX) and Baird Strategic Municipal Bond Fund (BSNSX) have volatilities of 0.65% and 0.68%, 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.