FSTFX vs. BND
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and Vanguard Total Bond Market ETF (BND).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSTFX or BND.
Key characteristics
| FSTFX | BND | |
|---|---|---|
| YTD Return | 2.43% | 2.40% |
| 1Y Return | 5.03% | 8.91% |
| 3Y Return (Ann) | 0.49% | -2.38% |
| 5Y Return (Ann) | 1.07% | 0.01% |
| 10Y Return (Ann) | 1.31% | 1.50% |
| Sharpe Ratio | 2.97 | 1.38 |
| Sortino Ratio | 4.91 | 2.03 |
| Omega Ratio | 1.82 | 1.24 |
| Calmar Ratio | 1.39 | 0.51 |
| Martin Ratio | 13.06 | 4.99 |
| Ulcer Index | 0.38% | 1.62% |
| Daily Std Dev | 1.69% | 5.85% |
| Max Drawdown | -7.38% | -18.84% |
| Current Drawdown | -0.58% | -8.44% |
Correlation
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.
Performance
FSTFX vs. BND - Performance Comparison
The year-to-date returns for both stocks are quite close, with FSTFX having a 2.43% return and BND slightly lower at 2.40%. Over the past 10 years, FSTFX has underperformed BND with an annualized return of 1.31%, while BND has yielded a comparatively higher 1.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
FSTFX vs. BND - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 1.97%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 3.55% | 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.
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 1.67%. 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.