SUB vs. FSTFX
Compare and contrast key facts about iShares Short-Term National Muni Bond ETF (SUB) and Fidelity Limited Term Municipal Income Fund (FSTFX).
SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008. FSTFX is managed by Fidelity. It was launched on Dec 24, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SUB or FSTFX.
Key characteristics
| SUB | FSTFX | |
|---|---|---|
| YTD Return | 1.85% | 2.43% |
| 1Y Return | 3.87% | 5.03% |
| 3Y Return (Ann) | 0.90% | 0.49% |
| 5Y Return (Ann) | 1.13% | 1.07% |
| 10Y Return (Ann) | 1.13% | 1.31% |
| Sharpe Ratio | 2.54 | 2.97 |
| Sortino Ratio | 4.02 | 4.91 |
| Omega Ratio | 1.53 | 1.82 |
| Calmar Ratio | 2.50 | 1.39 |
| Martin Ratio | 12.58 | 13.06 |
| Ulcer Index | 0.30% | 0.38% |
| Daily Std Dev | 1.49% | 1.69% |
| Max Drawdown | -9.46% | -7.38% |
| Current Drawdown | -0.50% | -0.58% |
Correlation
The correlation between SUB and FSTFX is 0.27, 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
SUB vs. FSTFX - Performance Comparison
In the year-to-date period, SUB achieves a 1.85% return, which is significantly lower than FSTFX's 2.43% return. Over the past 10 years, SUB has underperformed FSTFX with an annualized return of 1.13%, while FSTFX has yielded a comparatively higher 1.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SUB vs. FSTFX - Expense Ratio Comparison
SUB has a 0.07% expense ratio, which is lower than FSTFX's 0.37% expense ratio.
Risk-Adjusted Performance
SUB vs. FSTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term National Muni Bond ETF (SUB) 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.
Dividends
SUB vs. FSTFX - Dividend Comparison
SUB's dividend yield for the trailing twelve months is around 2.04%, more than FSTFX's 1.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUB iShares Short-Term National Muni Bond ETF | 2.04% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% | 0.84% |
FSTFX Fidelity Limited Term Municipal Income Fund | 1.97% | 1.69% | 1.38% | 1.26% | 1.59% | 1.75% | 1.64% | 1.50% | 1.47% | 1.60% | 1.91% | 1.82% |
Drawdowns
SUB vs. FSTFX - Drawdown Comparison
The maximum SUB drawdown since its inception was -9.46%, which is greater than FSTFX's maximum drawdown of -7.38%. Use the drawdown chart below to compare losses from any high point for SUB and FSTFX. For additional features, visit the drawdowns tool.
Volatility
SUB vs. FSTFX - Volatility Comparison
The current volatility for iShares Short-Term National Muni Bond ETF (SUB) is 0.67%, while Fidelity Limited Term Municipal Income Fund (FSTFX) has a volatility of 0.77%. This indicates that SUB experiences smaller price fluctuations and is considered to be less risky than FSTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.