FHIGX vs. IBDU
FHIGX (Fidelity Municipal Income Fund) and IBDU (iShares iBonds Dec 2029 Term Corporate ETF) are both funds - FHIGX is a Municipal Bonds fund managed by Fidelity, while IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index. Over the past 5 years, FHIGX returned 0.89%/yr vs 1.29%/yr for IBDU. At a 0.42 correlation, their price movements are largely independent. FHIGX charges 0.45%/yr vs 0.10%/yr for IBDU.
Performance
FHIGX vs. IBDU - Performance Comparison
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Returns By Period
In the year-to-date period, FHIGX achieves a 1.46% return, which is significantly higher than IBDU's 0.54% return.
FHIGX
- 1D
- 0.16%
- 1M
- 0.76%
- YTD
- 1.46%
- 6M
- 1.82%
- 1Y
- 7.61%
- 3Y*
- 4.33%
- 5Y*
- 0.89%
- 10Y*
- 2.29%
IBDU
- 1D
- -0.13%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.88%
- 1Y
- 4.76%
- 3Y*
- 5.73%
- 5Y*
- 1.29%
- 10Y*
- —
FHIGX vs. IBDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 1.46% | 5.37% | 1.68% | 7.14% | -10.98% | 2.43% | 4.42% | 1.13% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.54% | 7.59% | 3.62% | 8.67% | -13.04% | -2.05% | 10.38% | 2.22% |
Correlation
The correlation between FHIGX and IBDU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2019 | 0.42 |
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Return for Risk
FHIGX vs. IBDU — Risk / Return Rank
FHIGX
IBDU
FHIGX vs. IBDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and iShares iBonds Dec 2029 Term Corporate ETF (IBDU). 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 | IBDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.41 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.02 | -0.68 |
| Martin ratioReturn relative to average drawdown | 8.03 | 11.33 | -3.30 |
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 | IBDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.12 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.23 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.33 | +0.55 |
Drawdowns
FHIGX vs. IBDU - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -32.80%, which is greater than IBDU's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for FHIGX and IBDU.
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Drawdown Indicators
| FHIGX | IBDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -19.44% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -1.59% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -4.14% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -19.44% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -16.18% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.54% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -5.41% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.42% | +0.53% |
Volatility
FHIGX vs. IBDU - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) has a higher volatility of 1.13% compared to iShares iBonds Dec 2029 Term Corporate ETF (IBDU) at 0.58%. This indicates that FHIGX's price experiences larger fluctuations and is considered to be riskier than IBDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHIGX | IBDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.58% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 1.49% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 2.26% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 5.72% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 7.32% | -3.07% |
FHIGX vs. IBDU - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than IBDU's 0.10% expense ratio.
Dividends
FHIGX vs. IBDU - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.08%, less than IBDU's 4.66% yield.
| Position | 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% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.66% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHIGX and IBDU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHIGX has higher volatility (1.13%) compared to IBDU (0.58%). In terms of maximum drawdown, FHIGX dropped -32.80% vs IBDU's -19.44%.
FHIGX currently has the higher Sharpe Ratio (2.71 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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