FSTFX vs. FGNSX
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. FGNSX is managed by Fidelity. It was launched on Dec 27, 2017.
Performance
FSTFX vs. FGNSX - Performance Comparison
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Returns By Period
FSTFX
- 1D
- 0.09%
- 1M
- -0.84%
- YTD
- 0.10%
- 6M
- 0.74%
- 1Y
- 3.36%
- 3Y*
- 3.38%
- 5Y*
- 1.37%
- 10Y*
- 1.65%
FGNSX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- -0.00%
- 6M
- 0.44%
- 1Y
- 1.38%
- 3Y*
- 3.03%
- 5Y*
- 1.96%
- 10Y*
- —
FSTFX vs. FGNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 0.10% | 5.36% | 2.36% | 3.85% | -4.90% | 0.15% | 3.23% | 4.19% | 1.28% | 0.13% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 0.00% | 3.08% | 3.47% | 3.56% | -0.36% | 0.14% | 1.04% | 2.11% | 1.47% | -0.10% |
Correlation
The correlation between FSTFX and FGNSX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
FSTFX vs. FGNSX - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than FGNSX's 0.07% expense ratio.
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Return for Risk
FSTFX vs. FGNSX — Risk / Return Rank
FSTFX
FGNSX
FSTFX vs. FGNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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.
| FSTFX | FGNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.64 | +1.18 |
Sortino ratioReturn per unit of downside risk | 2.51 | 0.92 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.41 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.11 | +0.76 |
Martin ratioReturn relative to average drawdown | 7.56 | 2.84 | +4.72 |
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
| FSTFX | FGNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.64 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.99 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 1.07 | +0.51 |
Drawdowns
FSTFX vs. FGNSX - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -9.50%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for FSTFX and FGNSX.
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Drawdown Indicators
| FSTFX | FGNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -2.35% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -2.35% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -7.65% | -2.35% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -7.65% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.40% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -0.25% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.92% | -0.42% |
Volatility
FSTFX vs. FGNSX - Volatility Comparison
Fidelity Limited Term Municipal Income Fund (FSTFX) has a higher volatility of 0.54% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.22%. This indicates that FSTFX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTFX | FGNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.22% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 0.67% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 3.79% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 2.04% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 1.66% | +0.38% |
Dividends
FSTFX vs. FGNSX - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.34%, more than FGNSX's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 2.34% | 2.99% | 2.03% | 1.70% | 0.92% | 1.08% | 1.58% | 1.92% | 1.65% | 1.56% | 1.60% | 1.62% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 1.86% | 2.63% | 3.31% | 2.57% | 0.84% | 0.34% | 0.83% | 1.79% | 1.36% | 0.00% | 0.00% | 0.00% |