FSTFX vs. FTABX
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Tax-Free Bond Fund (FTABX).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSTFX or FTABX.
Key characteristics
| FSTFX | FTABX | |
|---|---|---|
| YTD Return | 2.75% | 3.04% |
| 1Y Return | 5.58% | 8.75% |
| 3Y Return (Ann) | 0.48% | -0.17% |
| 5Y Return (Ann) | 1.28% | 1.62% |
| 10Y Return (Ann) | 1.42% | 2.86% |
| Sharpe Ratio | 3.50 | 2.69 |
| Daily Std Dev | 1.74% | 3.98% |
| Max Drawdown | -7.34% | -15.54% |
| Current Drawdown | 0.00% | -1.13% |
Correlation
The correlation between FSTFX and FTABX is 0.75, 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.
Performance
FSTFX vs. FTABX - Performance Comparison
In the year-to-date period, FSTFX achieves a 2.75% return, which is significantly lower than FTABX's 3.04% return. Over the past 10 years, FSTFX has underperformed FTABX with an annualized return of 1.42%, while FTABX has yielded a comparatively higher 2.86% 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. FTABX - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
FSTFX vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Tax-Free Bond Fund (FTABX). 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. FTABX - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 1.89%, less than FTABX's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 1.89% | 1.69% | 1.38% | 1.29% | 1.70% | 1.92% | 1.64% | 1.57% | 1.49% | 1.76% | 1.91% | 1.89% |
FTABX Fidelity Tax-Free Bond Fund | 2.96% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% | 3.86% |
Drawdowns
FSTFX vs. FTABX - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -7.34%, smaller than the maximum FTABX drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for FSTFX and FTABX. For additional features, visit the drawdowns tool.
Volatility
FSTFX vs. FTABX - Volatility Comparison
The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.25%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 0.45%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.