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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSTFX or SUB.
Correlation
The correlation between FSTFX and SUB is 0.28, 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.
Performance
FSTFX vs. SUB - Performance Comparison
Key characteristics
FSTFX:
2.00
SUB:
2.02
FSTFX:
2.99
SUB:
3.01
FSTFX:
1.48
SUB:
1.41
FSTFX:
3.18
SUB:
3.23
FSTFX:
8.48
SUB:
9.71
FSTFX:
0.40%
SUB:
0.31%
FSTFX:
1.69%
SUB:
1.48%
FSTFX:
-7.17%
SUB:
-9.46%
FSTFX:
-0.30%
SUB:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with FSTFX having a 0.29% return and SUB slightly higher at 0.30%. Over the past 10 years, FSTFX has outperformed SUB with an annualized return of 1.39%, while SUB has yielded a comparatively lower 1.15% annualized return.
FSTFX
0.29%
0.47%
1.55%
3.39%
1.12%
1.39%
SUB
0.30%
0.28%
1.59%
2.88%
1.06%
1.15%
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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.
Risk-Adjusted Performance
FSTFX vs. SUB — Risk-Adjusted Performance Rank
FSTFX
SUB
FSTFX vs. SUB - Risk-Adjusted Performance 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.
Dividends
FSTFX vs. SUB - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.35%, more than SUB's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 2.35% | 2.36% | 2.14% | 1.73% | 1.26% | 1.59% | 1.75% | 1.91% | 1.50% | 1.47% | 1.60% | 1.91% |
SUB iShares Short-Term National Muni Bond ETF | 2.09% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% |
Drawdowns
FSTFX vs. SUB - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -7.17%, smaller than the maximum SUB drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for FSTFX and SUB. For additional features, visit the drawdowns tool.
Volatility
FSTFX vs. SUB - Volatility Comparison
Fidelity Limited Term Municipal Income Fund (FSTFX) has a higher volatility of 0.50% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.45%. This indicates that FSTFX's price experiences larger fluctuations and is considered to be riskier than SUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.