FHIGX vs. FSKAX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Fidelity Total Market Index Fund (FSKAX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or FSKAX.
Key characteristics
| FHIGX | FSKAX | |
|---|---|---|
| YTD Return | 1.33% | 25.81% |
| 1Y Return | 7.59% | 38.81% |
| 3Y Return (Ann) | -0.93% | 8.46% |
| 5Y Return (Ann) | 0.87% | 15.25% |
| 10Y Return (Ann) | 1.95% | 12.57% |
| Sharpe Ratio | 2.13 | 3.03 |
| Sortino Ratio | 3.19 | 4.05 |
| Omega Ratio | 1.48 | 1.56 |
| Calmar Ratio | 0.71 | 4.15 |
| Martin Ratio | 8.83 | 19.79 |
| Ulcer Index | 0.85% | 1.96% |
| Daily Std Dev | 3.54% | 12.80% |
| Max Drawdown | -16.91% | -35.01% |
| Current Drawdown | -3.75% | 0.00% |
Correlation
The correlation between FHIGX and FSKAX is -0.11. 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
FHIGX vs. FSKAX - Performance Comparison
In the year-to-date period, FHIGX achieves a 1.33% return, which is significantly lower than FSKAX's 25.81% return. Over the past 10 years, FHIGX has underperformed FSKAX with an annualized return of 1.95%, while FSKAX has yielded a comparatively higher 12.57% 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. FSKAX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Risk-Adjusted Performance
FHIGX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Fidelity Total Market Index Fund (FSKAX). 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. FSKAX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 2.96%, more than FSKAX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 2.96% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% | 3.91% |
FSKAX Fidelity Total Market Index Fund | 1.15% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% | 1.54% |
Drawdowns
FHIGX vs. FSKAX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -16.91%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FHIGX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
FHIGX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Municipal Income Fund (FHIGX) is 1.53%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.10%. This indicates that FHIGX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.