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FLTMX vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FLTMX and VTEB is 0.65, 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.


-0.50.00.51.00.6

Performance

FLTMX vs. VTEB - Performance Comparison

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

-1.00%-0.50%0.00%0.50%1.00%1.50%SeptemberOctoberNovemberDecember2025February
1.04%
1.18%
FLTMX
VTEB

Key characteristics

Sharpe Ratio

FLTMX:

0.92

VTEB:

0.79

Sortino Ratio

FLTMX:

1.28

VTEB:

1.12

Omega Ratio

FLTMX:

1.20

VTEB:

1.15

Calmar Ratio

FLTMX:

0.74

VTEB:

0.63

Martin Ratio

FLTMX:

2.77

VTEB:

2.82

Ulcer Index

FLTMX:

0.89%

VTEB:

1.04%

Daily Std Dev

FLTMX:

2.66%

VTEB:

3.74%

Max Drawdown

FLTMX:

-12.97%

VTEB:

-17.00%

Current Drawdown

FLTMX:

-0.25%

VTEB:

-0.57%

Returns By Period

In the year-to-date period, FLTMX achieves a 0.99% return, which is significantly lower than VTEB's 1.04% return.


FLTMX

YTD

0.99%

1M

0.79%

6M

1.04%

1Y

2.66%

5Y*

0.77%

10Y*

1.96%

VTEB

YTD

1.04%

1M

0.94%

6M

1.18%

1Y

2.88%

5Y*

0.70%

10Y*

N/A

*Annualized

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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.


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 VTEB: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

FLTMX vs. VTEB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTMX
The Risk-Adjusted Performance Rank of FLTMX is 5454
Overall Rank
The Sharpe Ratio Rank of FLTMX is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of FLTMX is 5151
Sortino Ratio Rank
The Omega Ratio Rank of FLTMX is 6060
Omega Ratio Rank
The Calmar Ratio Rank of FLTMX is 6060
Calmar Ratio Rank
The Martin Ratio Rank of FLTMX is 4747
Martin Ratio Rank

VTEB
The Risk-Adjusted Performance Rank of VTEB is 3333
Overall Rank
The Sharpe Ratio Rank of VTEB is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 3131
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 3333
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 3333
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 3434
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FLTMX, currently valued at 0.92, compared to the broader market-1.000.001.002.003.004.000.920.75
The chart of Sortino ratio for FLTMX, currently valued at 1.28, compared to the broader market0.002.004.006.008.0010.0012.001.281.07
The chart of Omega ratio for FLTMX, currently valued at 1.20, compared to the broader market1.002.003.004.001.201.14
The chart of Calmar ratio for FLTMX, currently valued at 0.74, compared to the broader market0.005.0010.0015.000.740.60
The chart of Martin ratio for FLTMX, currently valued at 2.77, compared to the broader market0.0020.0040.0060.0080.002.772.68
FLTMX
VTEB

The current FLTMX Sharpe Ratio is 0.92, which is comparable to the VTEB Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of FLTMX and VTEB, 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 Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2025February
0.92
0.75
FLTMX
VTEB

Dividends

FLTMX vs. VTEB - Dividend Comparison

FLTMX's dividend yield for the trailing twelve months is around 2.41%, less than VTEB's 3.12% yield.


TTM20242023202220212020201920182017201620152014
FLTMX
Fidelity Intermediate Municipal Income Fund
2.41%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
3.12%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 -12.97%, smaller than the maximum VTEB 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.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%SeptemberOctoberNovemberDecember2025February
-0.25%
-0.57%
FLTMX
VTEB

Volatility

FLTMX vs. VTEB - Volatility Comparison

The current volatility for Fidelity Intermediate Municipal Income Fund (FLTMX) is 0.65%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that FLTMX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%SeptemberOctoberNovemberDecember2025February
0.65%
1.05%
FLTMX
VTEB