PTFSX vs. FSMUX
Compare and contrast key facts about Pacific Capital Tax Free Short Intermediate Securities Fund (PTFSX) and Strategic Advisers Municipal Bond Fund (FSMUX).
PTFSX is managed by Pacific Capital. It was launched on Oct 13, 1994. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
PTFSX vs. FSMUX - Performance Comparison
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PTFSX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PTFSX Pacific Capital Tax Free Short Intermediate Securities Fund | -0.58% | 3.92% | 0.58% | 1.50% | -2.71% | -0.15% |
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, PTFSX achieves a -0.58% return, which is significantly higher than FSMUX's -1.13% return.
PTFSX
- 1D
- 0.00%
- 1M
- -2.10%
- YTD
- -0.58%
- 6M
- 0.37%
- 1Y
- 3.13%
- 3Y*
- 1.49%
- 5Y*
- 0.57%
- 10Y*
- 1.16%
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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PTFSX vs. FSMUX - Expense Ratio Comparison
PTFSX has a 0.38% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
PTFSX vs. FSMUX — Risk / Return Rank
PTFSX
FSMUX
PTFSX vs. FSMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Capital Tax Free Short Intermediate Securities Fund (PTFSX) 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.
| PTFSX | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.63 | +0.08 |
Sortino ratioReturn per unit of downside risk | 0.99 | 0.87 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.28 | +0.68 |
Martin ratioReturn relative to average drawdown | 3.50 | 0.78 | +2.72 |
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
| PTFSX | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.63 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | -0.00 | +1.32 |
Correlation
The correlation between PTFSX and FSMUX is 0.79, 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
PTFSX vs. FSMUX - Dividend Comparison
PTFSX's dividend yield for the trailing twelve months is around 1.42%, less than FSMUX's 2.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTFSX Pacific Capital Tax Free Short Intermediate Securities Fund | 1.42% | 1.87% | 1.82% | 1.39% | 1.05% | 1.06% | 1.40% | 1.81% | 2.21% | 1.62% | 1.66% | 1.04% |
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
PTFSX vs. FSMUX - Drawdown Comparison
The maximum PTFSX drawdown since its inception was -6.48%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for PTFSX and FSMUX.
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Drawdown Indicators
| PTFSX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.48% | -16.27% | +9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -5.30% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.48% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -2.56% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -5.61% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.96% | -1.15% |
Volatility
PTFSX vs. FSMUX - Volatility Comparison
The current volatility for Pacific Capital Tax Free Short Intermediate Securities Fund (PTFSX) is 0.73%, while Strategic Advisers Municipal Bond Fund (FSMUX) has a volatility of 0.99%. This indicates that PTFSX 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
| PTFSX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.99% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 2.12% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 6.65% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 4.67% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.25% | 4.67% | -2.42% |