FHIGX vs. FSPSX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Fidelity International Index Fund (FSPSX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. FSPSX is a passively managed fund by Fidelity that tracks the performance of the MSCI ACWI ex USA IMI Index. It was launched on Nov 5, 1997.
Performance
FHIGX vs. FSPSX - Performance Comparison
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FHIGX vs. FSPSX - 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% |
FSPSX Fidelity International Index Fund | -1.94% | 31.98% | 3.70% | 18.31% | -14.23% | 11.45% | 8.16% | 22.03% | -13.55% | 25.37% |
Returns By Period
In the year-to-date period, FHIGX achieves a -0.82% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FHIGX has underperformed FSPSX with an annualized return of 2.21%, while FSPSX has yielded a comparatively higher 8.65% 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%
FSPSX
- 1D
- 0.42%
- 1M
- -10.86%
- YTD
- -1.94%
- 6M
- 2.58%
- 1Y
- 19.89%
- 3Y*
- 13.50%
- 5Y*
- 7.96%
- 10Y*
- 8.65%
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FHIGX vs. FSPSX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than FSPSX's 0.04% expense ratio.
Return for Risk
FHIGX vs. FSPSX — Risk / Return Rank
FHIGX
FSPSX
FHIGX vs. FSPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Fidelity International Index Fund (FSPSX). 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 | FSPSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.11 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.56 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.54 | -0.44 |
Martin ratioReturn relative to average drawdown | 3.82 | 5.93 | -2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHIGX | FSPSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.11 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.51 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.46 | +0.41 |
Correlation
The correlation between FHIGX and FSPSX is -0.06. 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.
Dividends
FHIGX vs. FSPSX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.08%, less than FSPSX's 3.22% 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% |
FSPSX Fidelity International Index Fund | 3.22% | 3.15% | 3.27% | 2.79% | 2.66% | 3.07% | 1.84% | 3.18% | 2.79% | 2.50% | 3.08% | 2.79% |
Drawdowns
FHIGX vs. FSPSX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -32.80%, roughly equal to the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FHIGX and FSPSX.
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Drawdown Indicators
| FHIGX | FSPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -33.69% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -11.39% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -29.41% | +13.23% |
Max Drawdown (10Y)Largest decline over 10 years | -16.18% | -33.69% | +17.51% |
Current DrawdownCurrent decline from peak | -3.03% | -10.86% | +7.83% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -6.59% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 2.96% | -1.56% |
Volatility
FHIGX vs. FSPSX - Volatility Comparison
The current volatility for Fidelity Municipal Income Fund (FHIGX) is 1.20%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FHIGX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHIGX | FSPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 7.04% | -5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 10.63% | -8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 16.79% | -11.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 15.77% | -11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 16.47% | -12.24% |