FSTFX vs. FSAJX
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity SAI Tax-Free Bond Fund (FSAJX).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. FSAJX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FSTFX vs. FSAJX - Performance Comparison
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FSTFX vs. FSAJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | -0.18% | 5.36% | 2.36% | 3.85% | -4.90% | 0.15% | 3.23% | 4.19% | 1.22% |
FSAJX Fidelity SAI Tax-Free Bond Fund | -0.68% | 5.25% | 1.80% | 7.67% | -9.82% | 1.98% | 3.91% | 8.45% | 1.95% |
Returns By Period
In the year-to-date period, FSTFX achieves a -0.18% return, which is significantly higher than FSAJX's -0.68% return.
FSTFX
- 1D
- 0.00%
- 1M
- -1.49%
- YTD
- -0.18%
- 6M
- 0.45%
- 1Y
- 3.66%
- 3Y*
- 3.31%
- 5Y*
- 1.31%
- 10Y*
- 1.62%
FSAJX
- 1D
- 0.20%
- 1M
- -2.82%
- YTD
- -0.68%
- 6M
- 0.87%
- 1Y
- 4.08%
- 3Y*
- 3.60%
- 5Y*
- 1.13%
- 10Y*
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FSTFX vs. FSAJX - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than FSAJX's 0.25% expense ratio.
Return for Risk
FSTFX vs. FSAJX — Risk / Return Rank
FSTFX
FSAJX
FSTFX vs. FSAJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity SAI Tax-Free Bond Fund (FSAJX). 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 | FSAJX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.02 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.36 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.27 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.02 | +1.10 |
Martin ratioReturn relative to average drawdown | 8.94 | 3.46 | +5.47 |
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 | FSAJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.02 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.28 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.56 | +1.01 |
Correlation
The correlation between FSTFX and FSAJX is 0.78, 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
FSTFX vs. FSAJX - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.35%, less than FSAJX's 3.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 2.35% | 2.99% | 2.03% | 1.70% | 0.92% | 1.08% | 1.58% | 1.92% | 1.65% | 1.56% | 1.60% | 1.62% |
FSAJX Fidelity SAI Tax-Free Bond Fund | 3.28% | 4.25% | 3.08% | 2.75% | 1.72% | 1.50% | 2.03% | 2.79% | 0.44% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSTFX vs. FSAJX - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -9.50%, smaller than the maximum FSAJX drawdown of -15.16%. Use the drawdown chart below to compare losses from any high point for FSTFX and FSAJX.
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Drawdown Indicators
| FSTFX | FSAJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -15.16% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -4.78% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -7.65% | -15.16% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -7.65% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -2.82% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -3.37% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 1.40% | -0.93% |
Volatility
FSTFX vs. FSAJX - Volatility Comparison
The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.53%, while Fidelity SAI Tax-Free Bond Fund (FSAJX) has a volatility of 1.11%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than FSAJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTFX | FSAJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.11% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 1.76% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 4.84% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 4.08% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 4.65% | -2.61% |