OLCAX vs. FUMBX
Compare and contrast key facts about Invesco Limited Term California Municipal Fund (OLCAX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX).
OLCAX is managed by Invesco. It was launched on Feb 24, 2004. FUMBX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg Barclays 1-5 Year U.S. Treasury Index. It was launched on Dec 20, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OLCAX or FUMBX.
Correlation
The correlation between OLCAX and FUMBX is 0.22, 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.
Performance
OLCAX vs. FUMBX - Performance Comparison
Key characteristics
OLCAX:
1.15
FUMBX:
1.94
OLCAX:
1.70
FUMBX:
3.02
OLCAX:
1.36
FUMBX:
1.39
OLCAX:
1.07
FUMBX:
1.10
OLCAX:
6.18
FUMBX:
6.62
OLCAX:
0.45%
FUMBX:
0.72%
OLCAX:
2.41%
FUMBX:
2.44%
OLCAX:
-14.59%
FUMBX:
-9.07%
OLCAX:
-0.44%
FUMBX:
-0.27%
Returns By Period
In the year-to-date period, OLCAX achieves a 0.26% return, which is significantly lower than FUMBX's 0.70% return.
OLCAX
0.26%
0.26%
0.90%
2.79%
0.86%
2.19%
FUMBX
0.70%
0.70%
0.76%
4.85%
0.79%
N/A
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OLCAX vs. FUMBX - Expense Ratio Comparison
OLCAX has a 0.83% expense ratio, which is higher than FUMBX's 0.03% expense ratio.
Risk-Adjusted Performance
OLCAX vs. FUMBX — Risk-Adjusted Performance Rank
OLCAX
FUMBX
OLCAX vs. FUMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Limited Term California Municipal Fund (OLCAX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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.
Dividends
OLCAX vs. FUMBX - Dividend Comparison
OLCAX's dividend yield for the trailing twelve months is around 3.09%, more than FUMBX's 2.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLCAX Invesco Limited Term California Municipal Fund | 3.09% | 3.09% | 2.81% | 2.03% | 2.38% | 2.46% | 2.51% | 2.66% | 3.64% | 3.76% | 3.87% | 5.72% |
FUMBX Fidelity Short-Term Treasury Bond Index Fund | 2.95% | 2.91% | 1.65% | 1.12% | 0.83% | 1.31% | 1.88% | 1.64% | 0.35% | 0.00% | 0.00% | 0.00% |
Drawdowns
OLCAX vs. FUMBX - Drawdown Comparison
The maximum OLCAX drawdown since its inception was -14.59%, which is greater than FUMBX's maximum drawdown of -9.07%. Use the drawdown chart below to compare losses from any high point for OLCAX and FUMBX. For additional features, visit the drawdowns tool.
Volatility
OLCAX vs. FUMBX - Volatility Comparison
Invesco Limited Term California Municipal Fund (OLCAX) has a higher volatility of 0.74% compared to Fidelity Short-Term Treasury Bond Index Fund (FUMBX) at 0.60%. This indicates that OLCAX's price experiences larger fluctuations and is considered to be riskier than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.