FLTMX vs. FSTFX
Compare and contrast key facts about Fidelity Intermediate Municipal Income Fund (FLTMX) and Fidelity Limited Term Municipal Income Fund (FSTFX).
FLTMX is managed by Fidelity. It was launched on Apr 15, 1977. FSTFX is managed by Fidelity. It was launched on Dec 24, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTMX or FSTFX.
Key characteristics
| FLTMX | FSTFX | |
|---|---|---|
| YTD Return | 1.53% | 2.43% |
| 1Y Return | 6.12% | 5.03% |
| 3Y Return (Ann) | 0.10% | 0.52% |
| 5Y Return (Ann) | 1.23% | 1.07% |
| 10Y Return (Ann) | 1.99% | 1.31% |
| Sharpe Ratio | 2.09 | 2.82 |
| Sortino Ratio | 3.19 | 4.61 |
| Omega Ratio | 1.50 | 1.77 |
| Calmar Ratio | 1.01 | 1.30 |
| Martin Ratio | 7.98 | 12.20 |
| Ulcer Index | 0.70% | 0.39% |
| Daily Std Dev | 2.70% | 1.69% |
| Max Drawdown | -12.97% | -7.38% |
| Current Drawdown | -1.24% | -0.58% |
Correlation
The correlation between FLTMX and FSTFX is 0.77, 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. FSTFX - Performance Comparison
In the year-to-date period, FLTMX achieves a 1.53% return, which is significantly lower than FSTFX's 2.43% return. Over the past 10 years, FLTMX has outperformed FSTFX with an annualized return of 1.99%, while FSTFX has yielded a comparatively lower 1.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLTMX vs. FSTFX - Expense Ratio Comparison
FLTMX has a 0.32% expense ratio, which is lower than FSTFX's 0.37% expense ratio.
Risk-Adjusted Performance
FLTMX vs. FSTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Fidelity Limited Term Municipal Income Fund (FSTFX). 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. FSTFX - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.61%, more than FSTFX's 1.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSTFX Fidelity Limited Term Municipal Income Fund | 1.97% | 1.69% | 1.38% | 1.26% | 1.59% | 1.75% | 1.64% | 1.50% | 1.47% | 1.60% | 1.91% | 1.82% |
Drawdowns
FLTMX vs. FSTFX - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -12.97%, which is greater than FSTFX's maximum drawdown of -7.38%. Use the drawdown chart below to compare losses from any high point for FLTMX and FSTFX. For additional features, visit the drawdowns tool.
Volatility
FLTMX vs. FSTFX - Volatility Comparison
Fidelity Intermediate Municipal Income Fund (FLTMX) has a higher volatility of 1.33% compared to Fidelity Limited Term Municipal Income Fund (FSTFX) at 0.77%. This indicates that FLTMX's price experiences larger fluctuations and is considered to be riskier than FSTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.