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

Performance

FLTMX vs. RVNU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Intermediate Municipal Income Fund (FLTMX) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.77%
3.63%
FLTMX
RVNU

Returns By Period

In the year-to-date period, FLTMX achieves a 1.63% return, which is significantly lower than RVNU's 2.76% return. Over the past 10 years, FLTMX has underperformed RVNU with an annualized return of 1.99%, while RVNU has yielded a comparatively higher 2.74% annualized return.


FLTMX

YTD

1.63%

1M

0.73%

6M

2.77%

1Y

4.93%

5Y (annualized)

1.18%

10Y (annualized)

1.99%

RVNU

YTD

2.76%

1M

1.45%

6M

3.64%

1Y

8.13%

5Y (annualized)

0.89%

10Y (annualized)

2.74%

Key characteristics


FLTMXRVNU
Sharpe Ratio1.501.39
Sortino Ratio2.242.08
Omega Ratio1.351.26
Calmar Ratio1.030.62
Martin Ratio5.306.57
Ulcer Index0.73%1.24%
Daily Std Dev2.64%5.86%
Max Drawdown-12.97%-23.51%
Current Drawdown-1.14%-5.64%

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. RVNU - Expense Ratio Comparison

FLTMX has a 0.32% expense ratio, which is higher than RVNU's 0.15% 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 RVNU: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.4

The correlation between FLTMX and RVNU is 0.44, 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. RVNU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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.


Sharpe ratio
The chart of Sharpe ratio for FLTMX, currently valued at 1.50, compared to the broader market-1.000.001.002.003.004.005.001.501.21
The chart of Sortino ratio for FLTMX, currently valued at 2.24, compared to the broader market0.005.0010.002.241.80
The chart of Omega ratio for FLTMX, currently valued at 1.35, compared to the broader market1.002.003.004.001.351.23
The chart of Calmar ratio for FLTMX, currently valued at 1.02, compared to the broader market0.005.0010.0015.0020.001.030.60
The chart of Martin ratio for FLTMX, currently valued at 5.30, compared to the broader market0.0020.0040.0060.0080.00100.005.305.56
FLTMX
RVNU

The current FLTMX Sharpe Ratio is 1.50, which is comparable to the RVNU Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of FLTMX and RVNU, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.50
1.21
FLTMX
RVNU

Dividends

FLTMX vs. RVNU - Dividend Comparison

FLTMX's dividend yield for the trailing twelve months is around 2.60%, less than RVNU's 2.93% yield.


TTM20232022202120202019201820172016201520142013
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%
RVNU
Xtrackers Municipal Infrastructure Revenue Bond ETF
2.93%2.79%2.81%2.18%2.43%2.75%2.76%2.49%2.72%3.00%3.15%1.95%

Drawdowns

FLTMX vs. RVNU - Drawdown Comparison

The maximum FLTMX drawdown since its inception was -12.97%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for FLTMX and RVNU. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.14%
-5.64%
FLTMX
RVNU

Volatility

FLTMX vs. RVNU - Volatility Comparison

The current volatility for Fidelity Intermediate Municipal Income Fund (FLTMX) is 1.14%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 2.64%. This indicates that FLTMX experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%JuneJulyAugustSeptemberOctoberNovember
1.14%
2.64%
FLTMX
RVNU