FDMMX vs. FHIGX
Compare and contrast key facts about Fidelity Massachusetts Municipal Income Fund (FDMMX) and Fidelity Municipal Income Fund (FHIGX).
FDMMX is managed by Fidelity. It was launched on Nov 10, 1983. FHIGX is managed by Fidelity. It was launched on Dec 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDMMX or FHIGX.
Correlation
The correlation between FDMMX and FHIGX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FDMMX vs. FHIGX - Performance Comparison
Key characteristics
FDMMX:
0.30
FHIGX:
0.22
FDMMX:
0.42
FHIGX:
0.32
FDMMX:
1.07
FHIGX:
1.06
FDMMX:
0.21
FHIGX:
0.17
FDMMX:
1.04
FHIGX:
0.76
FDMMX:
1.34%
FHIGX:
1.60%
FDMMX:
4.66%
FHIGX:
5.39%
FDMMX:
-15.42%
FHIGX:
-16.91%
FDMMX:
-4.80%
FHIGX:
-5.12%
Returns By Period
In the year-to-date period, FDMMX achieves a -1.48% return, which is significantly higher than FHIGX's -1.99% return. Over the past 10 years, FDMMX has underperformed FHIGX with an annualized return of 1.43%, while FHIGX has yielded a comparatively higher 1.63% annualized return.
FDMMX
-1.48%
-0.49%
-1.27%
1.40%
0.57%
1.43%
FHIGX
-1.99%
-0.75%
-1.74%
1.21%
1.25%
1.63%
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FDMMX vs. FHIGX - Expense Ratio Comparison
Both FDMMX and FHIGX have an expense ratio of 0.45%.
Risk-Adjusted Performance
FDMMX vs. FHIGX — Risk-Adjusted Performance Rank
FDMMX
FHIGX
FDMMX vs. FHIGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Massachusetts Municipal Income Fund (FDMMX) and Fidelity Municipal Income Fund (FHIGX). 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
FDMMX vs. FHIGX - Dividend Comparison
FDMMX's dividend yield for the trailing twelve months is around 2.70%, less than FHIGX's 3.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMMX Fidelity Massachusetts Municipal Income Fund | 2.70% | 2.66% | 2.42% | 2.16% | 1.99% | 2.25% | 2.56% | 2.76% | 2.77% | 3.01% | 3.46% | 3.43% |
FHIGX Fidelity Municipal Income Fund | 3.04% | 2.96% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% |
Drawdowns
FDMMX vs. FHIGX - Drawdown Comparison
The maximum FDMMX drawdown since its inception was -15.42%, smaller than the maximum FHIGX drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for FDMMX and FHIGX. For additional features, visit the drawdowns tool.
Volatility
FDMMX vs. FHIGX - Volatility Comparison
The current volatility for Fidelity Massachusetts Municipal Income Fund (FDMMX) is 3.53%, while Fidelity Municipal Income Fund (FHIGX) has a volatility of 4.21%. This indicates that FDMMX experiences smaller price fluctuations and is considered to be less risky than FHIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.