FHIGX vs. VCOBX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Vanguard Core Bond Fund Admiral Shares (VCOBX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. VCOBX is managed by Vanguard. It was launched on Mar 28, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or VCOBX.
Performance
FHIGX vs. VCOBX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FHIGX having a 2.25% return and VCOBX slightly lower at 2.16%.
FHIGX
2.25%
0.25%
3.17%
6.64%
0.93%
2.04%
VCOBX
2.16%
-0.73%
3.49%
6.91%
0.19%
N/A
Key characteristics
| FHIGX | VCOBX | |
|---|---|---|
| Sharpe Ratio | 1.85 | 1.26 |
| Sortino Ratio | 2.77 | 1.87 |
| Omega Ratio | 1.42 | 1.22 |
| Calmar Ratio | 0.76 | 0.48 |
| Martin Ratio | 7.21 | 4.28 |
| Ulcer Index | 0.90% | 1.61% |
| Daily Std Dev | 3.48% | 5.46% |
| Max Drawdown | -16.91% | -18.91% |
| Current Drawdown | -2.88% | -8.30% |
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FHIGX vs. VCOBX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than VCOBX's 0.10% expense ratio.
Correlation
The correlation between FHIGX and VCOBX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FHIGX vs. VCOBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Vanguard Core Bond Fund Admiral Shares (VCOBX). 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. VCOBX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 2.93%, less than VCOBX's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 2.93% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% | 3.91% |
VCOBX Vanguard Core Bond Fund Admiral Shares | 4.61% | 4.10% | 3.02% | 1.22% | 1.80% | 3.09% | 3.11% | 2.20% | 1.68% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHIGX vs. VCOBX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -16.91%, smaller than the maximum VCOBX drawdown of -18.91%. Use the drawdown chart below to compare losses from any high point for FHIGX and VCOBX. For additional features, visit the drawdowns tool.
Volatility
FHIGX vs. VCOBX - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) and Vanguard Core Bond Fund Admiral Shares (VCOBX) have volatilities of 1.47% and 1.45%, 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.