FSTFX vs. MTUM
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum Index. It was launched on Apr 16, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSTFX or MTUM.
Key characteristics
| FSTFX | MTUM | |
|---|---|---|
| YTD Return | 2.33% | 36.00% |
| 1Y Return | 4.93% | 45.04% |
| 3Y Return (Ann) | 0.49% | 5.26% |
| 5Y Return (Ann) | 1.04% | 13.14% |
| 10Y Return (Ann) | 1.30% | 13.67% |
| Sharpe Ratio | 2.75 | 2.46 |
| Sortino Ratio | 4.49 | 3.28 |
| Omega Ratio | 1.74 | 1.43 |
| Calmar Ratio | 1.31 | 2.13 |
| Martin Ratio | 11.87 | 14.33 |
| Ulcer Index | 0.39% | 3.17% |
| Daily Std Dev | 1.69% | 18.47% |
| Max Drawdown | -7.38% | -34.08% |
| Current Drawdown | -0.68% | -0.62% |
Correlation
The correlation between FSTFX and MTUM is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FSTFX vs. MTUM - Performance Comparison
In the year-to-date period, FSTFX achieves a 2.33% return, which is significantly lower than MTUM's 36.00% return. Over the past 10 years, FSTFX has underperformed MTUM with an annualized return of 1.30%, while MTUM has yielded a comparatively higher 13.67% 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. MTUM - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Risk-Adjusted Performance
FSTFX vs. MTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). 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. MTUM - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 1.97%, more than MTUM's 0.55% 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% |
MTUM iShares Edge MSCI USA Momentum Factor ETF | 0.55% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% | 1.04% | 1.02% |
Drawdowns
FSTFX vs. MTUM - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -7.38%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for FSTFX and MTUM. For additional features, visit the drawdowns tool.
Volatility
FSTFX vs. MTUM - Volatility Comparison
The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.77%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 4.09%. This indicates that FSTFX experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.