OSTAX vs. FSMUX
Compare and contrast key facts about JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and Strategic Advisers Municipal Bond Fund (FSMUX).
OSTAX is managed by JPMorgan. It was launched on May 3, 1998. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
OSTAX vs. FSMUX - Performance Comparison
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OSTAX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | -0.29% | 3.89% | 1.64% | 3.13% | -5.27% | -0.26% |
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Returns By Period
In the year-to-date period, OSTAX achieves a -0.29% return, which is significantly higher than FSMUX's -1.13% return.
OSTAX
- 1D
- 0.00%
- 1M
- -1.46%
- YTD
- -0.29%
- 6M
- 0.17%
- 1Y
- 2.72%
- 3Y*
- 2.25%
- 5Y*
- 0.63%
- 10Y*
- 1.11%
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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OSTAX vs. FSMUX - Expense Ratio Comparison
OSTAX has a 0.87% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
OSTAX vs. FSMUX — Risk / Return Rank
OSTAX
FSMUX
OSTAX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) 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.
| OSTAX | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.63 | +0.82 |
Sortino ratioReturn per unit of downside risk | 1.88 | 0.87 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.19 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.28 | +1.19 |
Martin ratioReturn relative to average drawdown | 5.67 | 0.78 | +4.88 |
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
| OSTAX | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.63 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | -0.00 | +1.16 |
Correlation
The correlation between OSTAX and FSMUX is 0.73, 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
OSTAX vs. FSMUX - Dividend Comparison
OSTAX's dividend yield for the trailing twelve months is around 2.40%, more than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.40% | 2.62% | 2.52% | 1.88% | 1.33% | 1.03% | 1.20% | 1.56% | 1.56% | 1.03% | 1.45% | 0.68% |
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
OSTAX vs. FSMUX - Drawdown Comparison
The maximum OSTAX drawdown since its inception was -8.72%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for OSTAX and FSMUX.
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Drawdown Indicators
| OSTAX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -16.27% | +7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -5.30% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -1.46% | -2.56% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -5.61% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.96% | -1.43% |
Volatility
OSTAX vs. FSMUX - Volatility Comparison
The current volatility for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) is 0.59%, while Strategic Advisers Municipal Bond Fund (FSMUX) has a volatility of 0.99%. This indicates that OSTAX experiences smaller price fluctuations and is considered to be less risky than FSMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSTAX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.99% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 2.12% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 6.65% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 4.67% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.34% | 4.67% | -2.33% |