FHIGX vs. FCTFX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Fidelity California Municipal Income Fund (FCTFX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. FCTFX is managed by Fidelity. It was launched on Jul 7, 1984.
Performance
FHIGX vs. FCTFX - Performance Comparison
Loading graphics...
FHIGX vs. FCTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | -0.82% | 5.37% | 1.68% | 7.14% | -10.98% | 2.43% | 4.42% | 8.51% | 0.81% | 6.69% |
FCTFX Fidelity California Municipal Income Fund | -1.07% | 5.75% | 1.89% | 6.53% | -9.64% | 1.39% | 4.50% | 7.63% | 0.68% | 5.81% |
Returns By Period
In the year-to-date period, FHIGX achieves a -0.82% return, which is significantly higher than FCTFX's -1.07% return. Over the past 10 years, FHIGX has outperformed FCTFX with an annualized return of 2.21%, while FCTFX has yielded a comparatively lower 2.02% annualized return.
FHIGX
- 1D
- 0.25%
- 1M
- -3.03%
- YTD
- -0.82%
- 6M
- 0.87%
- 1Y
- 4.26%
- 3Y*
- 3.37%
- 5Y*
- 0.81%
- 10Y*
- 2.21%
FCTFX
- 1D
- 0.16%
- 1M
- -3.26%
- YTD
- -1.07%
- 6M
- 0.59%
- 1Y
- 4.27%
- 3Y*
- 3.38%
- 5Y*
- 0.96%
- 10Y*
- 2.02%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FHIGX vs. FCTFX - Expense Ratio Comparison
Both FHIGX and FCTFX have an expense ratio of 0.45%.
Return for Risk
FHIGX vs. FCTFX — Risk / Return Rank
FHIGX
FCTFX
FHIGX vs. FCTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Fidelity California Municipal Income Fund (FCTFX). 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.
| FHIGX | FCTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.04 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.40 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.08 | +0.02 |
Martin ratioReturn relative to average drawdown | 3.82 | 3.87 | -0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FHIGX | FCTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.04 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.25 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.50 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.12 | -0.25 |
Correlation
The correlation between FHIGX and FCTFX is 0.89, 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.
Dividends
FHIGX vs. FCTFX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.08%, more than FCTFX's 3.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 3.08% | 4.00% | 2.98% | 2.83% | 1.81% | 2.64% | 2.79% | 3.16% | 3.66% | 4.45% | 4.88% | 3.65% |
FCTFX Fidelity California Municipal Income Fund | 3.01% | 3.86% | 2.85% | 2.67% | 1.67% | 2.28% | 2.79% | 2.84% | 3.01% | 3.53% | 3.52% | 3.03% |
Drawdowns
FHIGX vs. FCTFX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -32.80%, which is greater than FCTFX's maximum drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for FHIGX and FCTFX.
Loading graphics...
Drawdown Indicators
| FHIGX | FCTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -23.20% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -5.00% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -14.01% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -16.18% | -14.01% | -2.17% |
Current DrawdownCurrent decline from peak | -3.03% | -3.26% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -2.44% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.39% | +0.01% |
Volatility
FHIGX vs. FCTFX - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) and Fidelity California Municipal Income Fund (FCTFX) have volatilities of 1.20% and 1.17%, 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.
Loading graphics...
Volatility by Period
| FHIGX | FCTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.17% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.77% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 4.99% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 3.92% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 4.04% | +0.19% |