KTXIX vs. FSMUX
Compare and contrast key facts about Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) and Strategic Advisers Municipal Bond Fund (FSMUX).
KTXIX is managed by Commerce. It was launched on Dec 25, 2000. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
KTXIX vs. FSMUX - Performance Comparison
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KTXIX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KTXIX Commerce Kansas Tax-Free Intermediate Bond Fund | -1.12% | 5.32% | 0.39% | 4.05% | -7.55% | 0.16% |
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Returns By Period
The year-to-date returns for both stocks are quite close, with KTXIX having a -1.12% return and FSMUX slightly lower at -1.13%.
KTXIX
- 1D
- 0.11%
- 1M
- -2.77%
- YTD
- -1.12%
- 6M
- 0.52%
- 1Y
- 3.64%
- 3Y*
- 2.17%
- 5Y*
- 0.29%
- 10Y*
- 1.41%
FSMUX
- 1D
- 0.11%
- 1M
- -2.56%
- YTD
- -1.13%
- 6M
- 0.12%
- 1Y
- 2.39%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
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KTXIX vs. FSMUX - Expense Ratio Comparison
KTXIX has a 0.70% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
KTXIX vs. FSMUX — Risk / Return Rank
KTXIX
FSMUX
KTXIX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) and Strategic Advisers Municipal Bond Fund (FSMUX). 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.
| KTXIX | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.63 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.59 | 0.87 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.28 | +0.98 |
Martin ratioReturn relative to average drawdown | 5.03 | 0.78 | +4.25 |
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
| KTXIX | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.63 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | -0.00 | +1.06 |
Correlation
The correlation between KTXIX and FSMUX is 0.85, 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
KTXIX vs. FSMUX - Dividend Comparison
KTXIX's dividend yield for the trailing twelve months is around 2.64%, more than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KTXIX Commerce Kansas Tax-Free Intermediate Bond Fund | 2.64% | 3.38% | 2.19% | 2.02% | 1.49% | 1.53% | 1.67% | 2.31% | 2.23% | 2.19% | 2.19% | 2.18% |
FSMUX Strategic Advisers Municipal Bond Fund | 2.35% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KTXIX vs. FSMUX - Drawdown Comparison
The maximum KTXIX drawdown since its inception was -12.47%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for KTXIX and FSMUX.
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Drawdown Indicators
| KTXIX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.47% | -16.27% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -5.30% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -12.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.47% | — | — |
Current DrawdownCurrent decline from peak | -2.77% | -2.56% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -5.61% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.96% | -1.06% |
Volatility
KTXIX vs. FSMUX - Volatility Comparison
Commerce Kansas Tax-Free Intermediate Bond Fund (KTXIX) and Strategic Advisers Municipal Bond Fund (FSMUX) have volatilities of 0.95% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KTXIX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.99% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 2.12% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 6.65% | -2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 4.67% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 4.67% | -1.43% |