FHIGX vs. FBND
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Fidelity Total Bond ETF (FBND).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or FBND.
Key characteristics
| FHIGX | FBND | |
|---|---|---|
| YTD Return | 2.00% | 2.18% |
| 1Y Return | 8.85% | 8.52% |
| 3Y Return (Ann) | -0.69% | -1.72% |
| 5Y Return (Ann) | 1.00% | 1.06% |
| 10Y Return (Ann) | 2.03% | 2.23% |
| Sharpe Ratio | 2.47 | 1.51 |
| Sortino Ratio | 3.89 | 2.21 |
| Omega Ratio | 1.57 | 1.27 |
| Calmar Ratio | 0.79 | 0.68 |
| Martin Ratio | 10.10 | 6.37 |
| Ulcer Index | 0.82% | 1.43% |
| Daily Std Dev | 3.38% | 6.01% |
| Max Drawdown | -34.85% | -17.25% |
| Current Drawdown | -3.12% | -5.49% |
Correlation
The correlation between FHIGX and FBND is 0.43, 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.
Performance
FHIGX vs. FBND - Performance Comparison
In the year-to-date period, FHIGX achieves a 2.00% return, which is significantly lower than FBND's 2.18% return. Over the past 10 years, FHIGX has underperformed FBND with an annualized return of 2.03%, while FBND has yielded a comparatively higher 2.23% 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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FHIGX vs. FBND - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FHIGX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Fidelity Total Bond ETF (FBND). 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
FHIGX vs. FBND - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 2.94%, less than FBND's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 2.94% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% | 3.91% |
FBND Fidelity Total Bond ETF | 4.61% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
FHIGX vs. FBND - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -34.85%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FHIGX and FBND. For additional features, visit the drawdowns tool.
Volatility
FHIGX vs. FBND - Volatility Comparison
The current volatility for Fidelity Municipal Income Fund (FHIGX) is 1.14%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.33%. This indicates that FHIGX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.