FSTFX vs. FUMBX
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Performance
FSTFX vs. FUMBX - Performance Comparison
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FSTFX vs. FUMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | -0.18% | 5.36% | 2.36% | 3.85% | -4.90% | 0.15% | 3.23% | 4.19% | 1.28% | -0.50% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | -0.20% | 5.83% | 3.25% | 4.47% | -5.84% | -1.38% | 4.22% | 4.19% | 1.47% | -0.33% |
Returns By Period
In the year-to-date period, FSTFX achieves a -0.18% return, which is significantly higher than FUMBX's -0.20% 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%
FUMBX
- 1D
- 0.19%
- 1M
- -1.15%
- YTD
- -0.20%
- 6M
- 0.95%
- 1Y
- 3.45%
- 3Y*
- 3.77%
- 5Y*
- 1.29%
- 10Y*
- —
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FSTFX vs. FUMBX - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Return for Risk
FSTFX vs. FUMBX — Risk / Return Rank
FSTFX
FUMBX
FSTFX vs. FUMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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 | FUMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.64 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.58 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.35 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.66 | -0.54 |
Martin ratioReturn relative to average drawdown | 8.94 | 9.30 | -0.36 |
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 | FUMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.64 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.45 | +0.24 |
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 | 0.72 | +0.85 |
Correlation
The correlation between FSTFX and FUMBX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FSTFX vs. FUMBX - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.35%, less than FUMBX's 3.42% 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% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 3.42% | 3.51% | 2.91% | 1.64% | 0.86% | 1.15% | 1.41% | 1.88% | 1.64% | 0.34% | 0.00% | 0.00% |
Drawdowns
FSTFX vs. FUMBX - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -9.50%, which is greater than FUMBX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FSTFX and FUMBX.
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Drawdown Indicators
| FSTFX | FUMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -8.83% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -1.54% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -7.65% | -8.60% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -7.65% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -1.15% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -1.88% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.44% | +0.03% |
Volatility
FSTFX vs. FUMBX - Volatility Comparison
The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.53%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.76%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTFX | FUMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.76% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 1.37% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 2.32% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 2.89% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 2.49% | -0.45% |