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FSTFX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSTFX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Municipal Income Fund (FSTFX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.51%
2.96%
FSTFX
BND

Returns By Period

In the year-to-date period, FSTFX achieves a 2.53% return, which is significantly higher than BND's 1.83% return. Over the past 10 years, FSTFX has underperformed BND with an annualized return of 1.32%, while BND has yielded a comparatively higher 1.41% annualized return.


FSTFX

YTD

2.53%

1M

-0.11%

6M

2.51%

1Y

4.61%

5Y (annualized)

1.06%

10Y (annualized)

1.32%

BND

YTD

1.83%

1M

-1.26%

6M

2.96%

1Y

6.48%

5Y (annualized)

-0.28%

10Y (annualized)

1.41%

Key characteristics


FSTFXBND
Sharpe Ratio2.631.17
Sortino Ratio4.291.71
Omega Ratio1.711.20
Calmar Ratio1.360.45
Martin Ratio11.083.85
Ulcer Index0.40%1.72%
Daily Std Dev1.67%5.66%
Max Drawdown-7.38%-18.84%
Current Drawdown-0.49%-8.96%

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FSTFX vs. BND - Expense Ratio Comparison

FSTFX has a 0.37% expense ratio, which is higher than BND's 0.03% expense ratio.


FSTFX
Fidelity Limited Term Municipal Income Fund
Expense ratio chart for FSTFX: current value at 0.37% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.37%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.3

The correlation between FSTFX and BND is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

FSTFX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Vanguard Total Bond Market ETF (BND). 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 FSTFX, currently valued at 2.63, compared to the broader market0.002.004.002.631.10
The chart of Sortino ratio for FSTFX, currently valued at 4.29, compared to the broader market0.005.0010.004.291.61
The chart of Omega ratio for FSTFX, currently valued at 1.71, compared to the broader market1.002.003.004.001.711.19
The chart of Calmar ratio for FSTFX, currently valued at 1.36, compared to the broader market0.005.0010.0015.0020.0025.001.360.42
The chart of Martin ratio for FSTFX, currently valued at 11.08, compared to the broader market0.0020.0040.0060.0080.00100.0011.083.62
FSTFX
BND

The current FSTFX Sharpe Ratio is 2.63, which is higher than the BND Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of FSTFX and BND, 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
2.63
1.10
FSTFX
BND

Dividends

FSTFX vs. BND - Dividend Comparison

FSTFX's dividend yield for the trailing twelve months is around 1.97%, less than BND's 3.57% yield.


TTM20232022202120202019201820172016201520142013
FSTFX
Fidelity Limited Term Municipal Income Fund
1.97%1.69%1.38%1.26%1.59%1.75%1.64%1.50%1.47%1.60%1.91%1.82%
BND
Vanguard Total Bond Market ETF
3.57%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

FSTFX vs. BND - Drawdown Comparison

The maximum FSTFX drawdown since its inception was -7.38%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FSTFX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.49%
-8.96%
FSTFX
BND

Volatility

FSTFX vs. BND - Volatility Comparison

The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.77%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.53%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
0.77%
1.53%
FSTFX
BND