MTUM vs. FSTFX
Compare and contrast key facts about iShares MSCI USA Momentum Factor ETF (MTUM) and Fidelity Limited Term Municipal Income Fund (FSTFX).
MTUM is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum SR Variant Index. It was launched on Apr 16, 2013. FSTFX is managed by Fidelity. It was launched on Dec 24, 1986.
Performance
MTUM vs. FSTFX - Performance Comparison
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MTUM vs. FSTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | -1.69% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
FSTFX Fidelity Limited Term Municipal Income Fund | 0.01% | 5.36% | 2.36% | 3.85% | -4.90% | 0.15% | 3.23% | 4.19% | 1.28% | 2.35% |
Returns By Period
In the year-to-date period, MTUM achieves a -1.69% return, which is significantly lower than FSTFX's 0.01% return. Over the past 10 years, MTUM has outperformed FSTFX with an annualized return of 14.17%, while FSTFX has yielded a comparatively lower 1.64% annualized return.
MTUM
- 1D
- 0.25%
- 1M
- -0.38%
- YTD
- -1.69%
- 6M
- -3.55%
- 1Y
- 20.25%
- 3Y*
- 21.22%
- 5Y*
- 9.74%
- 10Y*
- 14.17%
FSTFX
- 1D
- 0.09%
- 1M
- -0.94%
- YTD
- 0.01%
- 6M
- 0.64%
- 1Y
- 3.65%
- 3Y*
- 3.38%
- 5Y*
- 1.35%
- 10Y*
- 1.64%
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MTUM vs. FSTFX - Expense Ratio Comparison
MTUM has a 0.15% expense ratio, which is lower than FSTFX's 0.37% expense ratio.
Return for Risk
MTUM vs. FSTFX — Risk / Return Rank
MTUM
FSTFX
MTUM vs. FSTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor ETF (MTUM) 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.
| MTUM | FSTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.78 | -0.90 |
Sortino ratioReturn per unit of downside risk | 1.36 | 2.44 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.59 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.92 | -0.15 |
Martin ratioReturn relative to average drawdown | 6.63 | 7.86 | -1.23 |
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
| MTUM | FSTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.78 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.71 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.81 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.57 | -0.84 |
Correlation
The correlation between MTUM and FSTFX is 0.00, 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.
Dividends
MTUM vs. FSTFX - Dividend Comparison
MTUM's dividend yield for the trailing twelve months is around 0.80%, less than FSTFX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.80% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
FSTFX Fidelity Limited Term Municipal Income Fund | 2.34% | 2.99% | 2.03% | 1.70% | 0.92% | 1.08% | 1.58% | 1.92% | 1.65% | 1.56% | 1.60% | 1.62% |
Drawdowns
MTUM vs. FSTFX - Drawdown Comparison
The maximum MTUM drawdown since its inception was -34.08%, which is greater than FSTFX's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for MTUM and FSTFX.
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Drawdown Indicators
| MTUM | FSTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -9.50% | -24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -2.00% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.28% | -7.65% | -24.63% |
Max Drawdown (10Y)Largest decline over 10 years | -34.08% | -7.65% | -26.43% |
Current DrawdownCurrent decline from peak | -5.76% | -1.31% | -4.45% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -0.98% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 0.49% | +2.79% |
Volatility
MTUM vs. FSTFX - Volatility Comparison
iShares MSCI USA Momentum Factor ETF (MTUM) has a higher volatility of 8.34% compared to Fidelity Limited Term Municipal Income Fund (FSTFX) at 0.52%. This indicates that MTUM'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
| MTUM | FSTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.34% | 0.52% | +7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 0.93% | +13.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.01% | 2.07% | +20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 1.91% | +18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.82% | 2.04% | +18.78% |