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FSTFX vs. FUENX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSTFX vs. FUENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Flex Municipal Income Fund (FUENX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.90%
3.35%
FSTFX
FUENX

Returns By Period

The year-to-date returns for both investments are quite close, with FSTFX having a 2.53% return and FUENX slightly higher at 2.65%.


FSTFX

YTD

2.53%

1M

0.47%

6M

2.91%

1Y

4.41%

5Y (annualized)

1.05%

10Y (annualized)

1.32%

FUENX

YTD

2.65%

1M

0.97%

6M

3.36%

1Y

6.78%

5Y (annualized)

1.35%

10Y (annualized)

N/A

Key characteristics


FSTFXFUENX
Sharpe Ratio2.511.98
Sortino Ratio4.082.97
Omega Ratio1.671.47
Calmar Ratio1.581.19
Martin Ratio10.448.13
Ulcer Index0.40%0.78%
Daily Std Dev1.67%3.19%
Max Drawdown-7.38%-13.89%
Current Drawdown-0.49%-1.15%

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FSTFX vs. FUENX - Expense Ratio Comparison

FSTFX has a 0.37% expense ratio, which is higher than FUENX's 0.00% expense ratio.


FSTFX
Fidelity Limited Term Municipal Income Fund
Expense ratio chart for FSTFX: current value at 0.37% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.37%
Expense ratio chart for FUENX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Correlation

-0.50.00.51.00.8

The correlation between FSTFX and FUENX 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.

Risk-Adjusted Performance

FSTFX vs. FUENX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Flex Municipal Income Fund (FUENX). 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.


Sharpe ratio
The chart of Sharpe ratio for FSTFX, currently valued at 2.51, compared to the broader market-1.000.001.002.003.004.005.002.511.98
The chart of Sortino ratio for FSTFX, currently valued at 4.08, compared to the broader market0.005.0010.004.082.97
The chart of Omega ratio for FSTFX, currently valued at 1.67, compared to the broader market1.002.003.004.001.671.47
The chart of Calmar ratio for FSTFX, currently valued at 1.57, compared to the broader market0.005.0010.0015.0020.001.581.19
The chart of Martin ratio for FSTFX, currently valued at 10.44, compared to the broader market0.0020.0040.0060.0080.00100.0010.448.13
FSTFX
FUENX

The current FSTFX Sharpe Ratio is 2.51, which is comparable to the FUENX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of FSTFX and FUENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.51
1.98
FSTFX
FUENX

Dividends

FSTFX vs. FUENX - Dividend Comparison

FSTFX's dividend yield for the trailing twelve months is around 1.97%, less than FUENX's 2.83% yield.


TTM20232022202120202019201820172016201520142013
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%
FUENX
Fidelity Flex Municipal Income Fund
2.83%2.58%2.10%1.68%2.25%2.69%3.36%0.35%0.00%0.00%0.00%0.00%

Drawdowns

FSTFX vs. FUENX - Drawdown Comparison

The maximum FSTFX drawdown since its inception was -7.38%, smaller than the maximum FUENX drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for FSTFX and FUENX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.49%
-1.15%
FSTFX
FUENX

Volatility

FSTFX vs. FUENX - Volatility Comparison

The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.69%, while Fidelity Flex Municipal Income Fund (FUENX) has a volatility of 1.32%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than FUENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
0.69%
1.32%
FSTFX
FUENX