FSTFX vs. MTUM
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares 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 SR Variant Index. It was launched on Apr 16, 2013.
Performance
FSTFX vs. MTUM - Performance Comparison
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FSTFX vs. MTUM - 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% | 2.35% |
MTUM iShares MSCI USA Momentum Factor ETF | -4.04% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
Returns By Period
In the year-to-date period, FSTFX achieves a -0.18% return, which is significantly higher than MTUM's -4.04% return. Over the past 10 years, FSTFX has underperformed MTUM with an annualized return of 1.62%, while MTUM has yielded a comparatively higher 13.84% annualized 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%
MTUM
- 1D
- 4.00%
- 1M
- -5.04%
- YTD
- -4.04%
- 6M
- -6.08%
- 1Y
- 19.69%
- 3Y*
- 21.05%
- 5Y*
- 9.22%
- 10Y*
- 13.84%
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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.
Return for Risk
FSTFX vs. MTUM — Risk / Return Rank
FSTFX
MTUM
FSTFX vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares 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.
| FSTFX | MTUM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 0.86 | +1.13 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.32 | +1.51 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.19 | +0.50 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.67 | +0.45 |
Martin ratioReturn relative to average drawdown | 8.94 | 6.31 | +2.63 |
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 | MTUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.86 | +1.13 |
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 | 0.67 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.72 | +0.85 |
Correlation
The correlation between FSTFX and MTUM is -0.00. 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.
Dividends
FSTFX vs. MTUM - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.35%, more than MTUM's 0.82% 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% |
MTUM iShares MSCI USA Momentum Factor ETF | 0.82% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
Drawdowns
FSTFX vs. MTUM - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -9.50%, 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.
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Drawdown Indicators
| FSTFX | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -34.08% | +24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -12.26% | +10.26% |
Max Drawdown (5Y)Largest decline over 5 years | -7.65% | -32.28% | +24.63% |
Max Drawdown (10Y)Largest decline over 10 years | -7.65% | -34.08% | +26.43% |
Current DrawdownCurrent decline from peak | -1.49% | -8.01% | +6.52% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -6.28% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 3.24% | -2.77% |
Volatility
FSTFX vs. MTUM - Volatility Comparison
The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.53%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 8.55%. 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.
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Volatility by Period
| FSTFX | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 8.55% | -8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 14.58% | -13.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 22.93% | -20.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 20.38% | -18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 20.82% | -18.78% |