SHMMX vs. FLTMX
Compare and contrast key facts about Western Asset Managed Municipals Fund (SHMMX) and Fidelity Intermediate Municipal Income Fund (FLTMX).
SHMMX is managed by Franklin Templeton Investments. It was launched on Mar 3, 1981. FLTMX is managed by Fidelity. It was launched on Apr 15, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHMMX or FLTMX.
Correlation
The correlation between SHMMX and FLTMX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SHMMX vs. FLTMX - Performance Comparison
Key characteristics
SHMMX:
0.54
FLTMX:
0.31
SHMMX:
0.76
FLTMX:
0.44
SHMMX:
1.11
FLTMX:
1.07
SHMMX:
0.33
FLTMX:
0.25
SHMMX:
2.26
FLTMX:
1.08
SHMMX:
0.82%
FLTMX:
0.76%
SHMMX:
3.46%
FLTMX:
2.60%
SHMMX:
-16.39%
FLTMX:
-12.97%
SHMMX:
-3.41%
FLTMX:
-2.02%
Returns By Period
In the year-to-date period, SHMMX achieves a 1.22% return, which is significantly higher than FLTMX's 0.72% return. Over the past 10 years, SHMMX has outperformed FLTMX with an annualized return of 2.07%, while FLTMX has yielded a comparatively lower 1.86% annualized return.
SHMMX
1.22%
-1.46%
0.02%
1.65%
0.92%
2.07%
FLTMX
0.72%
-0.99%
0.62%
0.82%
0.98%
1.86%
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SHMMX vs. FLTMX - Expense Ratio Comparison
SHMMX has a 0.67% expense ratio, which is higher than FLTMX's 0.32% expense ratio.
Risk-Adjusted Performance
SHMMX vs. FLTMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Managed Municipals Fund (SHMMX) and Fidelity Intermediate Municipal Income Fund (FLTMX). 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
SHMMX vs. FLTMX - Dividend Comparison
SHMMX's dividend yield for the trailing twelve months is around 3.10%, more than FLTMX's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHMMX Western Asset Managed Municipals Fund | 3.10% | 3.24% | 2.88% | 2.47% | 2.73% | 3.34% | 3.82% | 3.88% | 3.81% | 3.81% | 3.90% | 4.19% |
FLTMX Fidelity Intermediate Municipal Income Fund | 2.41% | 2.43% | 2.05% | 1.80% | 2.06% | 2.39% | 2.55% | 2.61% | 2.61% | 2.59% | 2.81% | 3.17% |
Drawdowns
SHMMX vs. FLTMX - Drawdown Comparison
The maximum SHMMX drawdown since its inception was -16.39%, which is greater than FLTMX's maximum drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for SHMMX and FLTMX. For additional features, visit the drawdowns tool.
Volatility
SHMMX vs. FLTMX - Volatility Comparison
Western Asset Managed Municipals Fund (SHMMX) has a higher volatility of 1.23% compared to Fidelity Intermediate Municipal Income Fund (FLTMX) at 0.99%. This indicates that SHMMX's price experiences larger fluctuations and is considered to be riskier than FLTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.