FLTMX vs. FXNAX
Compare and contrast key facts about Fidelity Intermediate Municipal Income Fund (FLTMX) and Fidelity U.S. Bond Index Fund (FXNAX).
FLTMX is managed by Fidelity. It was launched on Apr 15, 1977. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTMX or FXNAX.
Performance
FLTMX vs. FXNAX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FLTMX having a 1.63% return and FXNAX slightly lower at 1.62%. Over the past 10 years, FLTMX has outperformed FXNAX with an annualized return of 1.99%, while FXNAX has yielded a comparatively lower 1.25% annualized return.
FLTMX
1.63%
0.73%
2.77%
4.93%
1.18%
1.99%
FXNAX
1.62%
-0.58%
3.21%
6.17%
-0.52%
1.25%
Key characteristics
| FLTMX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 1.50 | 0.89 |
| Sortino Ratio | 2.24 | 1.33 |
| Omega Ratio | 1.35 | 1.16 |
| Calmar Ratio | 1.03 | 0.35 |
| Martin Ratio | 5.30 | 2.73 |
| Ulcer Index | 0.73% | 1.84% |
| Daily Std Dev | 2.64% | 5.69% |
| Max Drawdown | -12.97% | -19.64% |
| Current Drawdown | -1.14% | -10.08% |
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FLTMX vs. FXNAX - Expense Ratio Comparison
FLTMX has a 0.32% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Correlation
The correlation between FLTMX and FXNAX is 0.52, 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.
Risk-Adjusted Performance
FLTMX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.60%, less than FXNAX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | 2.60% | 2.43% | 2.05% | 1.80% | 2.06% | 2.39% | 2.55% | 2.61% | 2.61% | 2.59% | 2.81% | 3.17% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FLTMX vs. FXNAX - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -12.97%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FLTMX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FLTMX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Intermediate Municipal Income Fund (FLTMX) is 1.14%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.44%. This indicates that FLTMX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.