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.
Key characteristics
| FSTFX | SUB | |
|---|---|---|
| YTD Return | 2.43% | 1.79% |
| 1Y Return | 5.03% | 3.67% |
| 3Y Return (Ann) | 0.52% | 0.91% |
| 5Y Return (Ann) | 1.07% | 1.12% |
| 10Y Return (Ann) | 1.31% | 1.13% |
| Sharpe Ratio | 2.82 | 2.55 |
| Sortino Ratio | 4.61 | 4.03 |
| Omega Ratio | 1.77 | 1.53 |
| Calmar Ratio | 1.30 | 2.75 |
| Martin Ratio | 12.20 | 12.53 |
| Ulcer Index | 0.39% | 0.30% |
| Daily Std Dev | 1.69% | 1.49% |
| Max Drawdown | -7.38% | -9.46% |
| Current Drawdown | -0.58% | -0.55% |
Correlation
The correlation between FSTFX and SUB is 0.27, 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
In the year-to-date period, FSTFX achieves a 2.43% return, which is significantly higher than SUB's 1.79% return. Over the past 10 years, FSTFX has outperformed SUB with an annualized return of 1.31%, while SUB has yielded a comparatively lower 1.13% 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. 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 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 1.97%, less than SUB's 2.04% 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% |
SUB iShares Short-Term National Muni Bond ETF | 2.04% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% | 0.84% |
Drawdowns
FSTFX vs. SUB - Drawdown Comparison
The maximum FSTFX drawdown since its inception was -7.38%, 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 0.77% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.67%. 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.