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KSMUX vs. FGNSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KSMUX vs. FGNSX

Last updated Jun 24, 2026

KSMUX (Kansas Municipal Fund) and FGNSX (Strategic Advisers Tax-Sensitive Short Duration Fund) are both Municipal Bonds funds. Over the past 5 years, KSMUX returned -0.08%/yr vs 2.09%/yr for FGNSX. At a 0.44 correlation, their price movements are largely independent. KSMUX charges 0.98%/yr vs 0.07%/yr for FGNSX.

Performance

KSMUX vs. FGNSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kansas Municipal Fund (KSMUX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KSMUX achieves a 2.42% return, which is significantly higher than FGNSX's 0.77% return.

KSMUX

1D
0.00%
1M
1.86%
YTD
2.42%
6M
2.81%
1Y
7.77%
3Y*
2.71%
5Y*
-0.08%
10Y*
1.04%

FGNSX

1D
0.00%
1M
0.45%
YTD
0.77%
6M
1.05%
1Y
2.58%
3Y*
3.21%
5Y*
2.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

KSMUX vs. FGNSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KSMUX
Kansas Municipal Fund		2.42%3.35%-1.06%4.53%-9.55%0.19%4.69%5.59%0.79%0.39%
FGNSX
Strategic Advisers Tax-Sensitive Short Duration Fund		0.77%3.08%3.47%3.56%-0.36%0.14%1.04%2.11%1.47%-0.10%

Correlation

The correlation between KSMUX and FGNSX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Dec 28, 2017

0.44

Compare stocks, funds, or ETFs

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Kansas Municipal Fund

Strategic Advisers Tax-Sensitive Short Duration Fund

Often compared with KSMUX:
KSMUX vs. MEMUXKSMUX vs. VMTTXKSMUX vs. VNDFXKSMUX vs. OKMUXKSMUX vs. IHFAXKSMUX vs. ICPAXKSMUX vs. IGIAX
Often compared with FGNSX:
FGNSX vs. BCITXFGNSX vs. PRINXFGNSX vs. AAMBXFGNSX vs. LISDXFGNSX vs. CFNTXFGNSX vs. FSMNXFGNSX vs. CFMOX

Return for Risk

KSMUX vs. FGNSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KSMUX
KSMUX Risk / Return Rank: 8282
Overall Rank
KSMUX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
KSMUX Sortino Ratio Rank: 9595
Sortino Ratio Rank
KSMUX Omega Ratio Rank: 9797
Omega Ratio Rank
KSMUX Calmar Ratio Rank: 6363
Calmar Ratio Rank
KSMUX Martin Ratio Rank: 6666
Martin Ratio Rank
FGNSX
FGNSX Risk / Return Rank: 9797
Overall Rank
FGNSX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
FGNSX Sortino Ratio Rank: 9999
Sortino Ratio Rank
FGNSX Omega Ratio Rank: 9999
Omega Ratio Rank
FGNSX Calmar Ratio Rank: 9797
Calmar Ratio Rank
FGNSX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KSMUX vs. FGNSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kansas Municipal Fund (KSMUX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

KSMUXFGNSXDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.98

-0.10

Sortino ratioReturn per unit of downside risk
4.72
7.43

-2.71

Omega ratioGain probability vs. loss probability

1.85

2.83

-0.98

Calmar ratioReturn relative to maximum drawdown

2.92

6.12

-3.20

Martin ratioReturn relative to average drawdown

12.03

27.60

-15.57

KSMUX vs. FGNSX - Sharpe Ratio Comparison

The current KSMUX Sharpe Ratio is 2.89, which is comparable to the FGNSX Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of KSMUX and FGNSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KSMUX vs. FGNSX - Drawdown Comparison

The maximum KSMUX drawdown since its inception was -14.61%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for KSMUX and FGNSX.

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Drawdown Indicators

KSMUXFGNSXDifference

Max Drawdown

Largest peak-to-trough decline

-14.61%

-2.35%

-12.26%

Max Drawdown (1Y)

Largest decline over 1 year

-2.67%

-0.50%

-2.17%

Max Drawdown (3Y)

Largest decline over 3 years

-6.98%

-2.35%

-4.63%

Max Drawdown (5Y)

Largest decline over 5 years

-13.96%

-2.35%

-11.61%

Max Drawdown (10Y)

Largest decline over 10 years

-13.96%

—

—

Current Drawdown

Current decline from peak

-1.34%

0.00%

-1.34%

Average Drawdown

Average peak-to-trough decline

-2.98%

-0.25%

-2.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.65%

0.11%

+0.54%

Volatility

KSMUX vs. FGNSX - Volatility Comparison

Kansas Municipal Fund (KSMUX) has a higher volatility of 0.86% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.28%. This indicates that KSMUX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KSMUXFGNSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.86%

0.28%

+0.58%

Volatility (6M)

Calculated over the trailing 6-month period

2.08%

0.65%

+1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

2.71%

1.02%

+1.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.25%

2.06%

+2.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.97%

1.65%

+2.32%

KSMUX vs. FGNSX - Expense Ratio Comparison

KSMUX has a 0.98% expense ratio, which is higher than FGNSX's 0.07% expense ratio.

Dividends

KSMUX vs. FGNSX - Dividend Comparison

KSMUX's dividend yield for the trailing twelve months is around 3.19%, more than FGNSX's 2.34% yield.

PositionTTM20252024202320222021202020192018201720162015
FGNSX
Strategic Advisers Tax-Sensitive Short Duration Fund		2.34%2.63%3.31%2.57%0.84%0.34%0.83%1.79%1.36%0.00%0.00%0.00%
KSMUX
Kansas Municipal Fund		3.19%3.13%2.76%2.33%2.00%1.64%1.83%2.70%2.75%2.93%2.88%2.57%

Frequently Asked Questions

KSMUX and FGNSX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KSMUX has higher volatility (0.86%) compared to FGNSX (0.28%). In terms of maximum drawdown, KSMUX dropped -14.61% vs FGNSX's -2.35%.

FGNSX currently has the higher Sharpe Ratio (2.98 vs 2.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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