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.
Performance
FLTMX vs. FSTFX - Performance Comparison
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FLTMX vs. FSTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | -0.92% | 6.02% | 1.19% | 5.52% | -6.92% | 0.83% | 4.36% | 6.34% | 1.89% | 4.50% |
FSTFX Fidelity Limited Term Municipal Income Fund | -0.18% | 5.36% | 2.36% | 3.85% | -4.90% | 0.15% | 3.23% | 4.19% | 1.28% | 2.35% |
Returns By Period
In the year-to-date period, FLTMX achieves a -0.92% return, which is significantly lower than FSTFX's -0.18% return. Over the past 10 years, FLTMX has outperformed FSTFX with an annualized return of 2.08%, while FSTFX has yielded a comparatively lower 1.62% annualized return.
FLTMX
- 1D
- 0.10%
- 1M
- -2.88%
- YTD
- -0.92%
- 6M
- 0.50%
- 1Y
- 4.24%
- 3Y*
- 3.07%
- 5Y*
- 1.15%
- 10Y*
- 2.08%
FSTFX
- 1D
- 0.00%
- 1M
- -1.49%
- YTD
- -0.18%
- 6M
- 0.45%
- 1Y
- 3.66%
- 3Y*
- 3.31%
- 5Y*
- 1.31%
- 10Y*
- 1.62%
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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.
Return for Risk
FLTMX vs. FSTFX — Risk / Return Rank
FLTMX
FSTFX
FLTMX vs. FSTFX - Risk-Adjusted Trends 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.
| FLTMX | FSTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.99 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.81 | 2.83 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.69 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.12 | -0.67 |
Martin ratioReturn relative to average drawdown | 5.66 | 8.94 | -3.28 |
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
| FLTMX | FSTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.99 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.69 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.80 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 1.57 | -0.22 |
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.
Dividends
FLTMX vs. FSTFX - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.86%, more than FSTFX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | 2.86% | 3.70% | 2.47% | 2.42% | 1.36% | 1.67% | 2.00% | 2.39% | 3.31% | 2.64% | 3.20% | 2.36% |
FSTFX Fidelity Limited Term Municipal Income Fund | 2.35% | 2.99% | 2.03% | 1.70% | 0.92% | 1.08% | 1.58% | 1.92% | 1.65% | 1.56% | 1.60% | 1.62% |
Drawdowns
FLTMX vs. FSTFX - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -16.13%, which is greater than FSTFX's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for FLTMX and FSTFX.
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Drawdown Indicators
| FLTMX | FSTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.13% | -9.50% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -2.00% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -10.91% | -7.65% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -10.91% | -7.65% | -3.26% |
Current DrawdownCurrent decline from peak | -2.88% | -1.49% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -0.98% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.47% | +0.44% |
Volatility
FLTMX vs. FSTFX - Volatility Comparison
Fidelity Intermediate Municipal Income Fund (FLTMX) has a higher volatility of 0.99% compared to Fidelity Limited Term Municipal Income Fund (FSTFX) at 0.53%. 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.
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Volatility by Period
| FLTMX | FSTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.53% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 0.94% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 2.14% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 1.91% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.22% | 2.04% | +1.18% |