FSTFX vs. FTBFX
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Total Bond Fund (FTBFX).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSTFX or FTBFX.
Key characteristics
| FSTFX | FTBFX | |
|---|---|---|
| YTD Return | 2.43% | 4.00% |
| 1Y Return | 5.03% | 10.64% |
| 3Y Return (Ann) | 0.49% | -1.29% |
| 5Y Return (Ann) | 1.07% | 0.81% |
| 10Y Return (Ann) | 1.31% | 2.09% |
| Sharpe Ratio | 2.97 | 1.65 |
| Sortino Ratio | 4.91 | 2.46 |
| Omega Ratio | 1.82 | 1.30 |
| Calmar Ratio | 1.39 | 0.69 |
| Martin Ratio | 13.06 | 6.66 |
| Ulcer Index | 0.38% | 1.38% |
| Daily Std Dev | 1.69% | 5.71% |
| Max Drawdown | -7.38% | -18.19% |
| Current Drawdown | -0.58% | -4.77% |
Correlation
The correlation between FSTFX and FTBFX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FSTFX vs. FTBFX - Performance Comparison
In the year-to-date period, FSTFX achieves a 2.43% return, which is significantly lower than FTBFX's 4.00% return. Over the past 10 years, FSTFX has underperformed FTBFX with an annualized return of 1.31%, while FTBFX has yielded a comparatively higher 2.09% 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. FTBFX - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
FSTFX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Total Bond Fund (FTBFX). 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. FTBFX - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 1.97%, less than FTBFX's 4.58% 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% |
FTBFX Fidelity Total Bond Fund | 4.58% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
FSTFX vs. FTBFX - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -7.38%, smaller than the maximum FTBFX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for FSTFX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
FSTFX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.77%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.55%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.