FLTMX vs. VTEB
Compare and contrast key facts about Fidelity Intermediate Municipal Income Fund (FLTMX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FLTMX is managed by Fidelity. It was launched on Apr 15, 1977. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTMX or VTEB.
Correlation
The correlation between FLTMX and VTEB is -0.02. 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. VTEB - Performance Comparison
Key characteristics
FLTMX:
0.29
VTEB:
0.10
FLTMX:
0.44
VTEB:
0.16
FLTMX:
1.07
VTEB:
1.02
FLTMX:
0.33
VTEB:
0.10
FLTMX:
1.12
VTEB:
0.32
FLTMX:
1.13%
VTEB:
1.52%
FLTMX:
3.97%
VTEB:
4.73%
FLTMX:
-23.31%
VTEB:
-17.00%
FLTMX:
-1.83%
VTEB:
-2.92%
Returns By Period
In the year-to-date period, FLTMX achieves a -0.42% return, which is significantly higher than VTEB's -1.35% return.
FLTMX
-0.42%
2.16%
-0.36%
1.17%
1.34%
1.89%
VTEB
-1.35%
1.11%
-1.63%
0.48%
0.91%
N/A
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FLTMX vs. VTEB - Expense Ratio Comparison
FLTMX has a 0.32% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FLTMX vs. VTEB — Risk-Adjusted Performance Rank
FLTMX
VTEB
FLTMX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.50%, less than VTEB's 3.27% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
FLTMX vs. VTEB - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -23.31%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FLTMX and VTEB. For additional features, visit the drawdowns tool.
Volatility
FLTMX vs. VTEB - Volatility Comparison
Fidelity Intermediate Municipal Income Fund (FLTMX) has a higher volatility of 1.94% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.59%. This indicates that FLTMX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.