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

Correlation

The correlation between FHIGX and VNJTX 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.


-0.50.00.51.00.8

Performance

FHIGX vs. VNJTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Municipal Income Fund (FHIGX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
0.23%
0.71%
FHIGX
VNJTX

Key characteristics

Sharpe Ratio

FHIGX:

0.31

VNJTX:

0.46

Sortino Ratio

FHIGX:

0.44

VNJTX:

0.64

Omega Ratio

FHIGX:

1.06

VNJTX:

1.09

Calmar Ratio

FHIGX:

0.17

VNJTX:

0.29

Martin Ratio

FHIGX:

1.14

VNJTX:

1.65

Ulcer Index

FHIGX:

0.94%

VNJTX:

1.04%

Daily Std Dev

FHIGX:

3.43%

VNJTX:

3.74%

Max Drawdown

FHIGX:

-16.91%

VNJTX:

-16.22%

Current Drawdown

FHIGX:

-4.22%

VNJTX:

-2.99%

Returns By Period

In the year-to-date period, FHIGX achieves a 0.83% return, which is significantly lower than VNJTX's 0.89% return. Over the past 10 years, FHIGX has underperformed VNJTX with an annualized return of 1.82%, while VNJTX has yielded a comparatively higher 2.49% annualized return.


FHIGX

YTD

0.83%

1M

-1.46%

6M

0.15%

1Y

1.08%

5Y*

0.67%

10Y*

1.82%

VNJTX

YTD

0.89%

1M

-1.40%

6M

0.62%

1Y

1.44%

5Y*

1.02%

10Y*

2.49%

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. VNJTX - Expense Ratio Comparison

FHIGX has a 0.45% expense ratio, which is higher than VNJTX's 0.17% 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 VNJTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%

Risk-Adjusted Performance

FHIGX vs. VNJTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). 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.


Sharpe ratio
The chart of Sharpe ratio for FHIGX, currently valued at 0.31, compared to the broader market-1.000.001.002.003.004.000.310.36
The chart of Sortino ratio for FHIGX, currently valued at 0.44, compared to the broader market-2.000.002.004.006.008.0010.000.440.51
The chart of Omega ratio for FHIGX, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.003.501.061.07
The chart of Calmar ratio for FHIGX, currently valued at 0.17, compared to the broader market0.002.004.006.008.0010.0012.0014.000.170.23
The chart of Martin ratio for FHIGX, currently valued at 1.14, compared to the broader market0.0020.0040.0060.001.141.30
FHIGX
VNJTX

The current FHIGX Sharpe Ratio is 0.31, which is lower than the VNJTX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of FHIGX and VNJTX, 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.31
0.36
FHIGX
VNJTX

Dividends

FHIGX vs. VNJTX - Dividend Comparison

FHIGX's dividend yield for the trailing twelve months is around 2.73%, less than VNJTX's 3.13% yield.


TTM20232022202120202019201820172016201520142013
FHIGX
Fidelity Municipal Income Fund
2.73%2.84%2.72%2.40%2.58%2.79%2.99%3.05%3.40%3.43%3.51%3.91%
VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares
3.13%3.26%3.14%2.69%2.94%3.23%3.54%3.50%3.68%3.53%3.52%3.76%

Drawdowns

FHIGX vs. VNJTX - Drawdown Comparison

The maximum FHIGX drawdown since its inception was -16.91%, roughly equal to the maximum VNJTX drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for FHIGX and VNJTX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-4.22%
-2.99%
FHIGX
VNJTX

Volatility

FHIGX vs. VNJTX - Volatility Comparison

Fidelity Municipal Income Fund (FHIGX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) have volatilities of 1.28% and 1.30%, 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.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.28%
1.30%
FHIGX
VNJTX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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