PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FHIGX vs. VCOBX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FHIGXVCOBX
YTD Return2.00%1.93%
1Y Return8.85%8.15%
3Y Return (Ann)-0.69%-2.38%
5Y Return (Ann)1.00%0.31%
Sharpe Ratio2.471.53
Sortino Ratio3.892.27
Omega Ratio1.571.27
Calmar Ratio0.790.55
Martin Ratio10.105.87
Ulcer Index0.82%1.47%
Daily Std Dev3.38%5.66%
Max Drawdown-34.85%-18.91%
Current Drawdown-3.12%-8.51%

Correlation

-0.50.00.51.00.5

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.

Performance

FHIGX vs. VCOBX - Performance Comparison

The year-to-date returns for both stocks are quite close, with FHIGX having a 2.00% return and VCOBX slightly lower at 1.93%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
1.83%
3.55%
FHIGX
VCOBX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FHIGX vs. VCOBX - Expense Ratio Comparison

FHIGX has a 0.45% expense ratio, which is higher than VCOBX's 0.10% expense ratio.


FHIGX
Fidelity Municipal Income Fund
Expense ratio chart for FHIGX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for VCOBX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

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.


FHIGX
Sharpe ratio
The chart of Sharpe ratio for FHIGX, currently valued at 2.47, compared to the broader market0.002.004.002.47
Sortino ratio
The chart of Sortino ratio for FHIGX, currently valued at 3.89, compared to the broader market0.005.0010.003.89
Omega ratio
The chart of Omega ratio for FHIGX, currently valued at 1.57, compared to the broader market1.002.003.004.001.57
Calmar ratio
The chart of Calmar ratio for FHIGX, currently valued at 0.79, compared to the broader market0.005.0010.0015.0020.000.79
Martin ratio
The chart of Martin ratio for FHIGX, currently valued at 10.02, compared to the broader market0.0020.0040.0060.0080.00100.0010.02
VCOBX
Sharpe ratio
The chart of Sharpe ratio for VCOBX, currently valued at 1.55, compared to the broader market0.002.004.001.55
Sortino ratio
The chart of Sortino ratio for VCOBX, currently valued at 2.32, compared to the broader market0.005.0010.002.32
Omega ratio
The chart of Omega ratio for VCOBX, currently valued at 1.28, compared to the broader market1.002.003.004.001.28
Calmar ratio
The chart of Calmar ratio for VCOBX, currently valued at 0.55, compared to the broader market0.005.0010.0015.0020.000.55
Martin ratio
The chart of Martin ratio for VCOBX, currently valued at 5.87, compared to the broader market0.0020.0040.0060.0080.00100.005.87

FHIGX vs. VCOBX - Sharpe Ratio Comparison

The current FHIGX Sharpe Ratio is 2.47, which is higher than the VCOBX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FHIGX and VCOBX, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.47
1.55
FHIGX
VCOBX

Dividends

FHIGX vs. VCOBX - Dividend Comparison

FHIGX's dividend yield for the trailing twelve months is around 2.94%, less than VCOBX's 4.62% yield.


TTM20232022202120202019201820172016201520142013
FHIGX
Fidelity Municipal Income Fund
2.94%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
4.62%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 -34.85%, which is greater than VCOBX's maximum 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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%JuneJulyAugustSeptemberOctoberNovember
-3.12%
-8.51%
FHIGX
VCOBX

Volatility

FHIGX vs. VCOBX - Volatility Comparison

The current volatility for Fidelity Municipal Income Fund (FHIGX) is 1.14%, while Vanguard Core Bond Fund Admiral Shares (VCOBX) has a volatility of 1.35%. This indicates that FHIGX experiences smaller price fluctuations and is considered to be less risky than VCOBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.14%
1.35%
FHIGX
VCOBX