PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FSTFX vs. MTUM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FSTFX vs. MTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares Edge MSCI USA Momentum Factor ETF (MTUM). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
2.91%
13.12%
FSTFX
MTUM

Returns By Period

In the year-to-date period, FSTFX achieves a 2.53% return, which is significantly lower than MTUM's 37.54% return. Over the past 10 years, FSTFX has underperformed MTUM with an annualized return of 1.32%, while MTUM has yielded a comparatively higher 13.55% annualized return.


FSTFX

YTD

2.53%

1M

0.47%

6M

2.91%

1Y

4.41%

5Y (annualized)

1.05%

10Y (annualized)

1.32%

MTUM

YTD

37.54%

1M

3.53%

6M

13.12%

1Y

43.02%

5Y (annualized)

13.29%

10Y (annualized)

13.55%

Key characteristics


FSTFXMTUM
Sharpe Ratio2.512.33
Sortino Ratio4.083.13
Omega Ratio1.671.41
Calmar Ratio1.582.02
Martin Ratio10.4413.51
Ulcer Index0.40%3.18%
Daily Std Dev1.67%18.46%
Max Drawdown-7.38%-34.08%
Current Drawdown-0.49%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FSTFX vs. MTUM - Expense Ratio Comparison

FSTFX has a 0.37% expense ratio, which is higher than MTUM's 0.15% 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 MTUM: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.0-0.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FSTFX, currently valued at 2.51, compared to the broader market-1.000.001.002.003.004.005.002.512.38
The chart of Sortino ratio for FSTFX, currently valued at 4.08, compared to the broader market0.005.0010.004.083.18
The chart of Omega ratio for FSTFX, currently valued at 1.67, compared to the broader market1.002.003.004.001.671.42
The chart of Calmar ratio for FSTFX, currently valued at 1.57, compared to the broader market0.005.0010.0015.0020.001.582.05
The chart of Martin ratio for FSTFX, currently valued at 10.44, compared to the broader market0.0020.0040.0060.0080.00100.0010.4413.77
FSTFX
MTUM

The current FSTFX Sharpe Ratio is 2.51, which is comparable to the MTUM Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FSTFX and MTUM, 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 Ratio1.001.502.002.503.003.504.004.50JuneJulyAugustSeptemberOctoberNovember
2.51
2.38
FSTFX
MTUM

Dividends

FSTFX vs. MTUM - Dividend Comparison

FSTFX's dividend yield for the trailing twelve months is around 1.97%, more than MTUM's 0.54% 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%
MTUM
iShares Edge MSCI USA Momentum Factor ETF
0.54%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.49%
0
FSTFX
MTUM

Volatility

FSTFX vs. MTUM - Volatility Comparison

The current volatility for Fidelity Limited Term Municipal Income Fund (FSTFX) is 0.69%, while iShares Edge MSCI USA Momentum Factor ETF (MTUM) has a volatility of 4.22%. 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.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
0.69%
4.22%
FSTFX
MTUM