FUENX vs. FSTFX
Compare and contrast key facts about Fidelity Flex Municipal Income Fund (FUENX) and Fidelity Limited Term Municipal Income Fund (FSTFX).
FUENX is managed by Fidelity. It was launched on Oct 12, 2017. FSTFX is managed by Fidelity. It was launched on Dec 24, 1986.
Performance
FUENX vs. FSTFX - Performance Comparison
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FUENX vs. FSTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | -0.50% | 4.63% | 2.32% | 7.27% | -9.29% | 1.99% | 3.07% | 8.27% | 0.72% | 1.02% |
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% | -0.22% |
Returns By Period
In the year-to-date period, FUENX achieves a -0.50% return, which is significantly lower than FSTFX's -0.18% return.
FUENX
- 1D
- 0.20%
- 1M
- -2.57%
- YTD
- -0.50%
- 6M
- 1.16%
- 1Y
- 4.40%
- 3Y*
- 3.50%
- 5Y*
- 1.18%
- 10Y*
- —
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%
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FUENX vs. FSTFX - Expense Ratio Comparison
FUENX has a 0.00% expense ratio, which is lower than FSTFX's 0.37% expense ratio.
Return for Risk
FUENX vs. FSTFX — Risk / Return Rank
FUENX
FSTFX
FUENX vs. FSTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Municipal Income Fund (FUENX) and Fidelity Limited Term Municipal Income Fund (FSTFX). 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.
| FUENX | FSTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.99 | -0.86 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.83 | -1.31 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.69 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.12 | -0.97 |
Martin ratioReturn relative to average drawdown | 3.97 | 8.94 | -4.97 |
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
| FUENX | FSTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.99 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.69 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.57 | -1.05 |
Correlation
The correlation between FUENX and FSTFX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FUENX vs. FSTFX - Dividend Comparison
FUENX's dividend yield for the trailing twelve months is around 2.96%, more than FSTFX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUENX Fidelity Flex Municipal Income Fund | 2.96% | 3.14% | 2.90% | 2.58% | 1.38% | 1.40% | 1.54% | 2.95% | 2.61% | 0.41% | 0.00% | 0.00% |
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% |
Drawdowns
FUENX vs. FSTFX - Drawdown Comparison
The maximum FUENX drawdown since its inception was -14.32%, which is greater than FSTFX's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for FUENX and FSTFX.
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Drawdown Indicators
| FUENX | FSTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -9.50% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -2.00% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -7.65% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.65% | — |
Current DrawdownCurrent decline from peak | -2.57% | -1.49% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -0.98% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.47% | +0.74% |
Volatility
FUENX vs. FSTFX - Volatility Comparison
Fidelity Flex Municipal Income Fund (FUENX) has a higher volatility of 1.06% compared to Fidelity Limited Term Municipal Income Fund (FSTFX) at 0.53%. This indicates that FUENX's price experiences larger fluctuations and is considered to be riskier than FSTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUENX | FSTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.53% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 0.94% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 2.14% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 1.91% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 2.04% | +2.18% |