FDMMX vs. VWITX
Compare and contrast key facts about Fidelity Massachusetts Municipal Income Fund (FDMMX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX).
FDMMX is managed by Fidelity. It was launched on Nov 10, 1983. VWITX is managed by Vanguard. It was launched on Sep 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDMMX or VWITX.
Correlation
The correlation between FDMMX and VWITX is 0.80, 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.
Performance
FDMMX vs. VWITX - Performance Comparison
Key characteristics
FDMMX:
0.28
VWITX:
0.57
FDMMX:
0.39
VWITX:
0.80
FDMMX:
1.06
VWITX:
1.12
FDMMX:
0.14
VWITX:
0.44
FDMMX:
0.93
VWITX:
2.00
FDMMX:
0.94%
VWITX:
0.80%
FDMMX:
3.13%
VWITX:
2.83%
FDMMX:
-15.43%
VWITX:
-22.09%
FDMMX:
-3.95%
VWITX:
-1.81%
Returns By Period
In the year-to-date period, FDMMX achieves a 0.87% return, which is significantly lower than VWITX's 1.22% return. Over the past 10 years, FDMMX has underperformed VWITX with an annualized return of 1.62%, while VWITX has yielded a comparatively higher 2.18% annualized return.
FDMMX
0.87%
-0.96%
0.58%
1.05%
0.39%
1.62%
VWITX
1.22%
-0.55%
1.16%
1.60%
1.21%
2.18%
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FDMMX vs. VWITX - Expense Ratio Comparison
FDMMX has a 0.45% expense ratio, which is higher than VWITX's 0.17% expense ratio.
Risk-Adjusted Performance
FDMMX vs. VWITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Massachusetts Municipal Income Fund (FDMMX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). 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. VWITX - Dividend Comparison
FDMMX's dividend yield for the trailing twelve months is around 2.46%, less than VWITX's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDMMX Fidelity Massachusetts Municipal Income Fund | 2.46% | 2.42% | 2.16% | 1.99% | 2.25% | 2.56% | 2.76% | 2.77% | 3.01% | 3.46% | 3.43% | 3.97% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 3.00% | 2.71% | 2.43% | 2.08% | 2.32% | 2.61% | 2.81% | 2.73% | 2.81% | 2.89% | 3.05% | 3.19% |
Drawdowns
FDMMX vs. VWITX - Drawdown Comparison
The maximum FDMMX drawdown since its inception was -15.43%, smaller than the maximum VWITX drawdown of -22.09%. Use the drawdown chart below to compare losses from any high point for FDMMX and VWITX. For additional features, visit the drawdowns tool.
Volatility
FDMMX vs. VWITX - Volatility Comparison
Fidelity Massachusetts Municipal Income Fund (FDMMX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) have volatilities of 1.18% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.