PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FLTMX vs. FTABX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FLTMXFTABX
YTD Return1.03%1.32%
1Y Return5.70%7.60%
3Y Return (Ann)-0.03%-0.68%
5Y Return (Ann)1.15%1.15%
10Y Return (Ann)1.94%2.37%
Sharpe Ratio2.092.08
Sortino Ratio3.203.08
Omega Ratio1.501.49
Calmar Ratio0.980.81
Martin Ratio8.108.66
Ulcer Index0.69%0.87%
Daily Std Dev2.67%3.60%
Max Drawdown-12.97%-15.78%
Current Drawdown-1.72%-3.04%

Correlation

-0.50.00.51.00.9

The correlation between FLTMX and FTABX is 0.88, 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. FTABX - Performance Comparison

In the year-to-date period, FLTMX achieves a 1.03% return, which is significantly lower than FTABX's 1.32% return. Over the past 10 years, FLTMX has underperformed FTABX with an annualized return of 1.94%, while FTABX has yielded a comparatively higher 2.37% 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%-1.00%0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
1.04%
1.25%
FLTMX
FTABX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FLTMX vs. FTABX - Expense Ratio Comparison

FLTMX has a 0.32% expense ratio, which is higher than FTABX's 0.25% 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 FTABX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

FLTMX vs. FTABX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) 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.


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 3.20, compared to the broader market0.005.0010.003.20
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 market0.005.0010.0015.0020.0025.000.98
Martin ratio
The chart of Martin ratio for FLTMX, currently valued at 8.10, compared to the broader market0.0020.0040.0060.0080.00100.008.10
FTABX
Sharpe ratio
The chart of Sharpe ratio for FTABX, currently valued at 2.08, compared to the broader market0.002.004.002.08
Sortino ratio
The chart of Sortino ratio for FTABX, currently valued at 3.08, compared to the broader market0.005.0010.003.08
Omega ratio
The chart of Omega ratio for FTABX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for FTABX, currently valued at 0.81, compared to the broader market0.005.0010.0015.0020.0025.000.81
Martin ratio
The chart of Martin ratio for FTABX, currently valued at 8.66, compared to the broader market0.0020.0040.0060.0080.00100.008.66

FLTMX vs. FTABX - Sharpe Ratio Comparison

The current FLTMX Sharpe Ratio is 2.09, which is comparable to the FTABX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FLTMX and FTABX, 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 Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.09
2.08
FLTMX
FTABX

Dividends

FLTMX vs. FTABX - Dividend Comparison

FLTMX's dividend yield for the trailing twelve months is around 2.62%, less than FTABX's 3.03% yield.


TTM20232022202120202019201820172016201520142013
FLTMX
Fidelity Intermediate Municipal Income Fund
2.62%2.43%2.05%1.80%2.06%2.39%2.55%2.61%2.61%2.59%2.81%3.17%
FTABX
Fidelity Tax-Free Bond Fund
3.03%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%3.86%

Drawdowns

FLTMX vs. FTABX - Drawdown Comparison

The maximum FLTMX drawdown since its inception was -12.97%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for FLTMX and FTABX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.72%
-3.04%
FLTMX
FTABX

Volatility

FLTMX vs. FTABX - Volatility Comparison

The current volatility for Fidelity Intermediate Municipal Income Fund (FLTMX) is 1.22%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.68%. This indicates that FLTMX experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
1.22%
1.68%
FLTMX
FTABX