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:
1.25
SUB:
1.42
FSTFX:
1.83
SUB:
2.04
FSTFX:
1.29
SUB:
1.27
FSTFX:
1.01
SUB:
2.23
FSTFX:
4.73
SUB:
6.26
FSTFX:
0.43%
SUB:
0.33%
FSTFX:
1.63%
SUB:
1.46%
FSTFX:
-7.38%
SUB:
-9.46%
FSTFX:
-0.97%
SUB:
-0.37%
Returns By Period
The year-to-date returns for both stocks are quite close, with FSTFX having a 2.04% return and SUB slightly lower at 1.98%. Over the past 10 years, FSTFX has outperformed SUB with an annualized return of 1.29%, while SUB has yielded a comparatively lower 1.18% annualized return.
FSTFX
2.04%
-0.48%
1.55%
2.04%
0.95%
1.29%
SUB
1.98%
0.05%
1.87%
1.99%
1.09%
1.18%
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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 1.83%, less than SUB's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 1.83% | 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 | 2.10% | 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 0.52% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.49%. 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.