FSTFX vs. JPST
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and JPMorgan Ultra-Short Income ETF (JPST).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSTFX or JPST.
Key characteristics
| FSTFX | JPST | |
|---|---|---|
| YTD Return | 2.43% | 4.91% |
| 1Y Return | 5.03% | 6.19% |
| 3Y Return (Ann) | 0.49% | 3.69% |
| 5Y Return (Ann) | 1.07% | 2.75% |
| Sharpe Ratio | 2.97 | 11.73 |
| Sortino Ratio | 4.91 | 29.69 |
| Omega Ratio | 1.82 | 6.69 |
| Calmar Ratio | 1.39 | 62.59 |
| Martin Ratio | 13.06 | 366.04 |
| Ulcer Index | 0.38% | 0.02% |
| Daily Std Dev | 1.69% | 0.53% |
| Max Drawdown | -7.38% | -3.28% |
| Current Drawdown | -0.58% | 0.00% |
Correlation
The correlation between FSTFX and JPST is 0.23, 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.
Performance
FSTFX vs. JPST - Performance Comparison
In the year-to-date period, FSTFX achieves a 2.43% return, which is significantly lower than JPST's 4.91% 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. JPST - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than JPST's 0.18% expense ratio.
Risk-Adjusted Performance
FSTFX vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and JPMorgan Ultra-Short Income ETF (JPST). 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. JPST - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 1.97%, less than JPST's 5.26% 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% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSTFX vs. JPST - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -7.38%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for FSTFX and JPST. For additional features, visit the drawdowns tool.
Volatility
FSTFX vs. JPST - Volatility Comparison
Fidelity Limited Term Municipal Income Fund (FSTFX) has a higher volatility of 0.77% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that FSTFX's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.