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

Performance

FSTFX vs. JPST - Performance Comparison

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

0.00%1.00%2.00%3.00%JuneJulyAugustSeptemberOctoberNovember
2.91%
2.81%
FSTFX
JPST

Returns By Period

In the year-to-date period, FSTFX achieves a 2.53% return, which is significantly lower than JPST's 5.06% return.


FSTFX

YTD

2.53%

1M

0.47%

6M

2.91%

1Y

4.41%

5Y (annualized)

1.05%

10Y (annualized)

1.32%

JPST

YTD

5.06%

1M

0.31%

6M

2.81%

1Y

5.98%

5Y (annualized)

2.76%

10Y (annualized)

N/A

Key characteristics


FSTFXJPST
Sharpe Ratio2.5111.34
Sortino Ratio4.0827.78
Omega Ratio1.676.21
Calmar Ratio1.5860.45
Martin Ratio10.44347.89
Ulcer Index0.40%0.02%
Daily Std Dev1.67%0.53%
Max Drawdown-7.38%-3.28%
Current Drawdown-0.49%0.00%

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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.


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 JPST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Correlation

-0.50.00.51.00.2

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FSTFX, currently valued at 2.51, compared to the broader market-1.000.001.002.003.004.005.002.5111.19
The chart of Sortino ratio for FSTFX, currently valued at 4.08, compared to the broader market0.005.0010.004.0827.34
The chart of Omega ratio for FSTFX, currently valued at 1.67, compared to the broader market1.002.003.004.001.676.20
The chart of Calmar ratio for FSTFX, currently valued at 1.57, compared to the broader market0.005.0010.0015.0020.001.5859.17
The chart of Martin ratio for FSTFX, currently valued at 10.44, compared to the broader market0.0020.0040.0060.0080.00100.0010.44339.64
FSTFX
JPST

The current FSTFX Sharpe Ratio is 2.51, which is lower than the JPST Sharpe Ratio of 11.34. The chart below compares the historical Sharpe Ratios of FSTFX and JPST, 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 Ratio2.004.006.008.0010.0012.00JuneJulyAugustSeptemberOctoberNovember
2.51
11.19
FSTFX
JPST

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.


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%
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.


-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.49%
0
FSTFX
JPST

Volatility

FSTFX vs. JPST - Volatility Comparison

Fidelity Limited Term Municipal Income Fund (FSTFX) has a higher volatility of 0.69% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. 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.


0.10%0.20%0.30%0.40%0.50%0.60%0.70%0.80%JuneJulyAugustSeptemberOctoberNovember
0.69%
0.16%
FSTFX
JPST