Correlation
The correlation between FGHNX and RMUNX is -0.04. 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.
FGHNX vs. RMUNX
Compare and contrast key facts about Fidelity Global High Income Fund (FGHNX) and Invesco Rochester New York Municipals Fund (RMUNX).
FGHNX is managed by Fidelity. It was launched on May 11, 2011. RMUNX is managed by Invesco. It was launched on May 14, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGHNX or RMUNX.
Performance
FGHNX vs. RMUNX - Performance Comparison
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Key characteristics
Returns By Period
FGHNX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
RMUNX
-4.80%
-1.87%
-6.81%
-1.78%
0.41%
0.88%
3.21%
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FGHNX vs. RMUNX - Expense Ratio Comparison
FGHNX has a 0.90% expense ratio, which is higher than RMUNX's 0.78% expense ratio.
Risk-Adjusted Performance
FGHNX vs. RMUNX — Risk-Adjusted Performance Rank
FGHNX
RMUNX
FGHNX vs. RMUNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global High Income Fund (FGHNX) and Invesco Rochester New York Municipals Fund (RMUNX). 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.
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Dividends
FGHNX vs. RMUNX - Dividend Comparison
FGHNX has not paid dividends to shareholders, while RMUNX's dividend yield for the trailing twelve months is around 4.10%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGHNX Fidelity Global High Income Fund | 2.20% | 4.32% | 4.46% | 4.75% | 4.20% | 4.36% | 4.71% | 5.53% | 4.35% | 4.79% | 5.78% | 8.66% |
RMUNX Invesco Rochester New York Municipals Fund | 4.10% | 4.11% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% |
Drawdowns
FGHNX vs. RMUNX - Drawdown Comparison
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Volatility
FGHNX vs. RMUNX - Volatility Comparison
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