FSTFX vs. SUB
Compare and contrast key facts about Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares Short-Term National Muni Bond ETF (SUB).
FSTFX is managed by Fidelity. It was launched on Dec 24, 1986. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008.
Performance
FSTFX vs. SUB - Performance Comparison
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FSTFX vs. SUB - 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% |
SUB iShares Short-Term National Muni Bond ETF | 0.23% | 3.64% | 2.17% | 2.91% | -2.05% | 0.03% | 2.51% | 2.93% | 1.85% | 0.75% |
Returns By Period
In the year-to-date period, FSTFX achieves a -0.18% return, which is significantly lower than SUB's 0.23% return. Over the past 10 years, FSTFX has outperformed SUB with an annualized return of 1.62%, while SUB has yielded a comparatively lower 1.46% 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%
SUB
- 1D
- 0.04%
- 1M
- -0.66%
- YTD
- 0.23%
- 6M
- 1.01%
- 1Y
- 3.37%
- 3Y*
- 2.75%
- 5Y*
- 1.39%
- 10Y*
- 1.46%
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FSTFX vs. SUB - Expense Ratio Comparison
FSTFX has a 0.37% expense ratio, which is higher than SUB's 0.07% expense ratio.
Return for Risk
FSTFX vs. SUB — Risk / Return Rank
FSTFX
SUB
FSTFX vs. SUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares Short-Term National Muni Bond ETF (SUB). 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 | SUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 2.25 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.71 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.69 | 1.61 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.82 | -0.70 |
Martin ratioReturn relative to average drawdown | 8.94 | 10.30 | -1.36 |
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 | SUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.25 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.85 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.56 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.57 | 0.42 | +1.15 |
Correlation
The correlation between FSTFX and SUB is 0.30, 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.
Dividends
FSTFX vs. SUB - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.35%, less than SUB's 2.47% 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% |
SUB iShares Short-Term National Muni Bond ETF | 2.47% | 2.42% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.58% | 1.32% | 0.95% | 0.75% | 0.77% |
Drawdowns
FSTFX vs. SUB - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -9.50%, roughly equal to the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for FSTFX and SUB.
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Drawdown Indicators
| FSTFX | SUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -9.46% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -1.23% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -7.65% | -4.35% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | -7.65% | -9.46% | +1.81% |
Current DrawdownCurrent decline from peak | -1.49% | -0.66% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -0.92% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.34% | +0.13% |
Volatility
FSTFX vs. SUB - Volatility Comparison
Fidelity Limited Term Municipal Income Fund (FSTFX) and iShares Short-Term National Muni Bond ETF (SUB) have volatilities of 0.53% and 0.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTFX | SUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.53% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 0.80% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 1.51% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.91% | 1.64% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.04% | 2.59% | -0.55% |