FLTMX vs. MUB
Compare and contrast key facts about Fidelity Intermediate Municipal Income Fund (FLTMX) and iShares National AMT-Free Muni Bond ETF (MUB).
FLTMX is managed by Fidelity. It was launched on Apr 15, 1977. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTMX or MUB.
Correlation
The correlation between FLTMX and MUB is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FLTMX vs. MUB - Performance Comparison
Key characteristics
FLTMX:
0.29
MUB:
0.09
FLTMX:
0.44
MUB:
0.14
FLTMX:
1.07
MUB:
1.02
FLTMX:
0.33
MUB:
0.08
FLTMX:
1.12
MUB:
0.27
FLTMX:
1.13%
MUB:
1.50%
FLTMX:
3.97%
MUB:
4.76%
FLTMX:
-23.31%
MUB:
-13.68%
FLTMX:
-1.83%
MUB:
-2.68%
Returns By Period
In the year-to-date period, FLTMX achieves a -0.42% return, which is significantly higher than MUB's -1.09% return. Over the past 10 years, FLTMX has underperformed MUB with an annualized return of 1.89%, while MUB has yielded a comparatively higher 1.99% annualized return.
FLTMX
-0.42%
2.16%
-0.36%
1.17%
1.34%
1.89%
MUB
-1.09%
1.20%
-1.43%
0.44%
0.87%
1.99%
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FLTMX vs. MUB - Expense Ratio Comparison
FLTMX has a 0.32% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
FLTMX vs. MUB — Risk-Adjusted Performance Rank
FLTMX
MUB
FLTMX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.50%, less than MUB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | 2.50% | 2.65% | 2.43% | 2.05% | 1.80% | 2.06% | 2.39% | 2.55% | 2.61% | 2.61% | 2.59% | 2.81% |
MUB iShares National AMT-Free Muni Bond ETF | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
FLTMX vs. MUB - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -23.31%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FLTMX and MUB. For additional features, visit the drawdowns tool.
Volatility
FLTMX vs. MUB - Volatility Comparison
Fidelity Intermediate Municipal Income Fund (FLTMX) has a higher volatility of 1.94% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.63%. This indicates that FLTMX's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.