Correlation
The correlation between FSTFX and SUB is -0.06. 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.
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.
Performance
FSTFX vs. SUB - Performance Comparison
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Key characteristics
FSTFX:
1.91
SUB:
2.22
FSTFX:
2.47
SUB:
2.80
FSTFX:
1.47
SUB:
1.52
FSTFX:
2.03
SUB:
3.17
FSTFX:
7.71
SUB:
10.96
FSTFX:
0.53%
SUB:
0.36%
FSTFX:
2.26%
SUB:
1.81%
FSTFX:
-7.33%
SUB:
-9.46%
FSTFX:
-0.29%
SUB:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with FSTFX having a 1.21% return and SUB slightly higher at 1.22%. Over the past 10 years, FSTFX has outperformed SUB with an annualized return of 1.52%, while SUB has yielded a comparatively lower 1.30% annualized return.
FSTFX
1.21%
0.48%
0.99%
4.34%
2.38%
1.16%
1.52%
SUB
1.22%
0.56%
1.28%
4.01%
2.19%
1.02%
1.30%
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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.
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Dividends
FSTFX vs. SUB - Dividend Comparison
FSTFX's dividend yield for the trailing twelve months is around 2.09%, less than SUB's 2.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTFX Fidelity Limited Term Municipal Income Fund | 2.09% | 2.01% | 1.69% | 1.38% | 1.29% | 1.70% | 1.92% | 1.64% | 1.57% | 1.49% | 1.76% | 1.91% |
SUB iShares Short-Term National Muni Bond ETF | 2.20% | 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 -7.33%, 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.
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Volatility
FSTFX vs. SUB - Volatility Comparison
Fidelity Limited Term Municipal Income Fund (FSTFX) has a higher volatility of 0.31% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.25%. 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.
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