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FHIGX vs. FTABX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FHIGX and FTABX is -0.13. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

FHIGX vs. FTABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Municipal Income Fund (FHIGX) and Fidelity Tax-Free Bond Fund (FTABX). The values are adjusted to include any dividend payments, if applicable.

130.00%135.00%140.00%145.00%150.00%155.00%160.00%165.00%NovemberDecember2025FebruaryMarchApril
136.13%
154.78%
FHIGX
FTABX

Key characteristics

Sharpe Ratio

FHIGX:

0.22

FTABX:

0.27

Sortino Ratio

FHIGX:

0.32

FTABX:

0.39

Omega Ratio

FHIGX:

1.06

FTABX:

1.07

Calmar Ratio

FHIGX:

0.17

FTABX:

0.24

Martin Ratio

FHIGX:

0.76

FTABX:

0.95

Ulcer Index

FHIGX:

1.60%

FTABX:

1.54%

Daily Std Dev

FHIGX:

5.39%

FTABX:

5.39%

Max Drawdown

FHIGX:

-16.91%

FTABX:

-15.78%

Current Drawdown

FHIGX:

-5.12%

FTABX:

-4.14%

Returns By Period

In the year-to-date period, FHIGX achieves a -1.99% return, which is significantly lower than FTABX's -1.81% return. Over the past 10 years, FHIGX has underperformed FTABX with an annualized return of 1.61%, while FTABX has yielded a comparatively higher 2.09% annualized return.


FHIGX

YTD

-1.99%

1M

-1.08%

6M

-1.74%

1Y

1.21%

5Y*

1.22%

10Y*

1.61%

FTABX

YTD

-1.81%

1M

-0.66%

6M

-1.51%

1Y

1.47%

5Y*

1.51%

10Y*

2.09%

*Annualized

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FHIGX vs. FTABX - Expense Ratio Comparison

FHIGX has a 0.45% expense ratio, which is higher than FTABX's 0.25% expense ratio.


Expense ratio chart for FHIGX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FHIGX: 0.45%
Expense ratio chart for FTABX: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FTABX: 0.25%

Risk-Adjusted Performance

FHIGX vs. FTABX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHIGX
The Risk-Adjusted Performance Rank of FHIGX is 3434
Overall Rank
The Sharpe Ratio Rank of FHIGX is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of FHIGX is 3131
Sortino Ratio Rank
The Omega Ratio Rank of FHIGX is 3333
Omega Ratio Rank
The Calmar Ratio Rank of FHIGX is 3535
Calmar Ratio Rank
The Martin Ratio Rank of FHIGX is 3636
Martin Ratio Rank

FTABX
The Risk-Adjusted Performance Rank of FTABX is 3939
Overall Rank
The Sharpe Ratio Rank of FTABX is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of FTABX is 3535
Sortino Ratio Rank
The Omega Ratio Rank of FTABX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of FTABX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of FTABX is 4141
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FHIGX vs. FTABX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Fidelity Tax-Free Bond Fund (FTABX). 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.


The chart of Sharpe ratio for FHIGX, currently valued at 0.22, compared to the broader market-1.000.001.002.003.00
FHIGX: 0.22
FTABX: 0.27
The chart of Sortino ratio for FHIGX, currently valued at 0.32, compared to the broader market-2.000.002.004.006.008.00
FHIGX: 0.32
FTABX: 0.39
The chart of Omega ratio for FHIGX, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.00
FHIGX: 1.06
FTABX: 1.07
The chart of Calmar ratio for FHIGX, currently valued at 0.17, compared to the broader market0.002.004.006.008.0010.00
FHIGX: 0.17
FTABX: 0.24
The chart of Martin ratio for FHIGX, currently valued at 0.76, compared to the broader market0.0010.0020.0030.0040.0050.00
FHIGX: 0.76
FTABX: 0.95

The current FHIGX Sharpe Ratio is 0.22, which is comparable to the FTABX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of FHIGX and FTABX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.22
0.27
FHIGX
FTABX

Dividends

FHIGX vs. FTABX - Dividend Comparison

FHIGX's dividend yield for the trailing twelve months is around 3.04%, less than FTABX's 3.12% yield.


TTM20242023202220212020201920182017201620152014
FHIGX
Fidelity Municipal Income Fund
3.04%2.96%2.84%2.72%2.40%2.58%2.79%2.99%3.05%3.40%3.43%3.51%
FTABX
Fidelity Tax-Free Bond Fund
3.12%3.02%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%

Drawdowns

FHIGX vs. FTABX - Drawdown Comparison

The maximum FHIGX drawdown since its inception was -16.91%, which is greater than FTABX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for FHIGX and FTABX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%NovemberDecember2025FebruaryMarchApril
-5.12%
-4.14%
FHIGX
FTABX

Volatility

FHIGX vs. FTABX - Volatility Comparison

Fidelity Municipal Income Fund (FHIGX) and Fidelity Tax-Free Bond Fund (FTABX) have volatilities of 4.21% and 4.11%, 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.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.21%
4.11%
FHIGX
FTABX