FLTMX vs. VWIUX
Compare and contrast key facts about Fidelity Intermediate Municipal Income Fund (FLTMX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
FLTMX is managed by Fidelity. It was launched on Apr 15, 1977. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
FLTMX vs. VWIUX - Performance Comparison
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FLTMX vs. VWIUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | -0.73% | 6.02% | 1.19% | 5.52% | -6.92% | 0.83% | 4.36% | 6.34% | 1.89% | 4.50% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.47% | 5.99% | 2.34% | 5.90% | -6.83% | 0.81% | 5.23% | 7.10% | 1.34% | 4.65% |
Returns By Period
In the year-to-date period, FLTMX achieves a -0.73% return, which is significantly lower than VWIUX's -0.47% return. Over the past 10 years, FLTMX has underperformed VWIUX with an annualized return of 2.10%, while VWIUX has yielded a comparatively higher 2.38% annualized return.
FLTMX
- 1D
- 0.20%
- 1M
- -2.40%
- YTD
- -0.73%
- 6M
- 0.70%
- 1Y
- 4.14%
- 3Y*
- 3.14%
- 5Y*
- 1.17%
- 10Y*
- 2.10%
VWIUX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.47%
- 6M
- 1.10%
- 1Y
- 4.55%
- 3Y*
- 3.74%
- 5Y*
- 1.58%
- 10Y*
- 2.38%
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FLTMX vs. VWIUX - Expense Ratio Comparison
FLTMX has a 0.32% expense ratio, which is higher than VWIUX's 0.09% expense ratio.
Return for Risk
FLTMX vs. VWIUX — Risk / Return Rank
FLTMX
VWIUX
FLTMX vs. VWIUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Municipal Income Fund (FLTMX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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.
| FLTMX | VWIUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.27 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.69 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.46 | -0.01 |
Martin ratioReturn relative to average drawdown | 5.56 | 5.60 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLTMX | VWIUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.27 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.49 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.70 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 1.11 | +0.24 |
Correlation
The correlation between FLTMX and VWIUX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLTMX vs. VWIUX - Dividend Comparison
FLTMX's dividend yield for the trailing twelve months is around 2.85%, less than VWIUX's 3.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTMX Fidelity Intermediate Municipal Income Fund | 2.85% | 3.70% | 2.47% | 2.42% | 1.36% | 1.67% | 2.00% | 2.39% | 3.31% | 2.64% | 3.20% | 2.36% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.32% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
Drawdowns
FLTMX vs. VWIUX - Drawdown Comparison
The maximum FLTMX drawdown since its inception was -16.13%, which is greater than VWIUX's maximum drawdown of -11.38%. Use the drawdown chart below to compare losses from any high point for FLTMX and VWIUX.
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Drawdown Indicators
| FLTMX | VWIUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.13% | -11.38% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -3.89% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -10.91% | -11.38% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -10.91% | -11.38% | +0.47% |
Current DrawdownCurrent decline from peak | -2.68% | -2.64% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -1.44% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.01% | -0.08% |
Volatility
FLTMX vs. VWIUX - Volatility Comparison
Fidelity Intermediate Municipal Income Fund (FLTMX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) have volatilities of 1.03% and 1.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTMX | VWIUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.01% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 1.58% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.93% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 3.23% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.22% | 3.42% | -0.20% |