FHIGX vs. NMTRX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
FHIGX vs. NMTRX - Performance Comparison
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FHIGX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | -0.58% | 5.37% | 1.68% | 7.14% | -10.98% | 2.43% | 4.42% | 8.51% | 0.81% | 6.69% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, FHIGX achieves a -0.58% return, which is significantly lower than NMTRX's -0.12% return. Both investments have delivered pretty close results over the past 10 years, with FHIGX having a 2.23% annualized return and NMTRX not far ahead at 2.27%.
FHIGX
- 1D
- 0.25%
- 1M
- -2.48%
- YTD
- -0.58%
- 6M
- 1.04%
- 1Y
- 4.09%
- 3Y*
- 3.45%
- 5Y*
- 0.85%
- 10Y*
- 2.23%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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FHIGX vs. NMTRX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
FHIGX vs. NMTRX — Risk / Return Rank
FHIGX
NMTRX
FHIGX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.84 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.16 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.99 | +0.10 |
Martin ratioReturn relative to average drawdown | 3.73 | 2.89 | +0.84 |
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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.84 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.10 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.52 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.97 | -0.10 |
Correlation
The correlation between FHIGX and NMTRX is 0.84, 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. NMTRX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.08%, less than NMTRX's 4.19% 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% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
FHIGX vs. NMTRX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -32.80%, which is greater than NMTRX's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for FHIGX and NMTRX.
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Drawdown Indicators
| FHIGX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -16.36% | -16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -4.75% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -16.36% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -16.18% | -16.36% | +0.18% |
Current DrawdownCurrent decline from peak | -2.79% | -2.25% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -2.93% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.62% | -0.21% |
Volatility
FHIGX vs. NMTRX - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) has a higher volatility of 1.25% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 1.07%. This indicates that FHIGX's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHIGX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.07% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 1.82% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 4.93% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 3.97% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 4.38% | -0.15% |