WTAIX vs. FGNSX
Compare and contrast key facts about Wilmington Municipal Bond Fund (WTAIX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX).
WTAIX is managed by Wilmington Funds. It was launched on Nov 1, 1993. FGNSX is managed by Fidelity. It was launched on Dec 27, 2017.
Performance
WTAIX vs. FGNSX - Performance Comparison
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WTAIX vs. FGNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTAIX Wilmington Municipal Bond Fund | -0.61% | 5.05% | 0.73% | 5.14% | -8.01% | 0.55% | 2.60% | 7.12% | 0.86% | 0.24% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | -0.10% | 3.08% | 3.47% | 3.56% | -0.36% | 0.14% | 1.04% | 2.11% | 1.47% | -0.10% |
Returns By Period
In the year-to-date period, WTAIX achieves a -0.61% return, which is significantly lower than FGNSX's -0.10% return.
WTAIX
- 1D
- 0.16%
- 1M
- -2.29%
- YTD
- -0.61%
- 6M
- 0.63%
- 1Y
- 3.76%
- 3Y*
- 2.48%
- 5Y*
- 0.59%
- 10Y*
- 1.49%
FGNSX
- 1D
- 0.00%
- 1M
- -0.40%
- YTD
- -0.10%
- 6M
- 0.34%
- 1Y
- 1.98%
- 3Y*
- 2.99%
- 5Y*
- 1.93%
- 10Y*
- —
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WTAIX vs. FGNSX - Expense Ratio Comparison
WTAIX has a 0.49% expense ratio, which is higher than FGNSX's 0.07% expense ratio.
Return for Risk
WTAIX vs. FGNSX — Risk / Return Rank
WTAIX
FGNSX
WTAIX vs. FGNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilmington Municipal Bond Fund (WTAIX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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.
| WTAIX | FGNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.64 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.51 | 0.92 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.07 | +0.19 |
Martin ratioReturn relative to average drawdown | 4.88 | 2.74 | +2.14 |
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
| WTAIX | FGNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.64 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.98 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | 1.06 | +0.08 |
Correlation
The correlation between WTAIX and FGNSX is 0.47, 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.
Dividends
WTAIX vs. FGNSX - Dividend Comparison
WTAIX's dividend yield for the trailing twelve months is around 2.46%, more than FGNSX's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTAIX Wilmington Municipal Bond Fund | 2.46% | 2.85% | 2.11% | 2.03% | 1.45% | 1.68% | 1.72% | 3.84% | 2.15% | 2.92% | 2.63% | 3.81% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 1.86% | 2.63% | 3.31% | 2.57% | 0.84% | 0.34% | 0.83% | 1.79% | 1.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
WTAIX vs. FGNSX - Drawdown Comparison
The maximum WTAIX drawdown since its inception was -12.35%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for WTAIX and FGNSX.
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Drawdown Indicators
| WTAIX | FGNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -2.35% | -10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -2.35% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.35% | -2.35% | -10.00% |
Max Drawdown (10Y)Largest decline over 10 years | -12.35% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.50% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -0.25% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.92% | +0.02% |
Volatility
WTAIX vs. FGNSX - Volatility Comparison
Wilmington Municipal Bond Fund (WTAIX) has a higher volatility of 0.93% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.23%. This indicates that WTAIX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTAIX | FGNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.23% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 0.66% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.85% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.05% | 2.04% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 1.66% | +1.77% |