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

Correlation

The correlation between FHIGX and VNJTX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.0

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.

380.00%400.00%420.00%440.00%460.00%NovemberDecember2025FebruaryMarchApril
392.16%
438.15%
FHIGX
VNJTX

Key characteristics

Sharpe Ratio

FHIGX:

0.22

VNJTX:

0.19

Sortino Ratio

FHIGX:

0.32

VNJTX:

0.28

Omega Ratio

FHIGX:

1.06

VNJTX:

1.05

Calmar Ratio

FHIGX:

0.17

VNJTX:

0.17

Martin Ratio

FHIGX:

0.76

VNJTX:

0.64

Ulcer Index

FHIGX:

1.60%

VNJTX:

1.71%

Daily Std Dev

FHIGX:

5.39%

VNJTX:

5.82%

Max Drawdown

FHIGX:

-16.91%

VNJTX:

-16.22%

Current Drawdown

FHIGX:

-5.12%

VNJTX:

-4.20%

Returns By Period

In the year-to-date period, FHIGX achieves a -1.99% return, which is significantly higher than VNJTX's -2.41% return. Over the past 10 years, FHIGX has underperformed VNJTX with an annualized return of 1.63%, while VNJTX has yielded a comparatively higher 2.38% annualized return.


FHIGX

YTD

-1.99%

1M

-0.75%

6M

-1.74%

1Y

1.21%

5Y*

1.25%

10Y*

1.63%

VNJTX

YTD

-2.41%

1M

-0.70%

6M

-1.75%

1Y

1.54%

5Y*

1.62%

10Y*

2.38%

*Annualized

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FHIGX vs. VNJTX - Expense Ratio Comparison

FHIGX has a 0.45% expense ratio, which is higher than VNJTX's 0.17% expense ratio.


Expense ratio chart for FHIGX: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FHIGX: 0.45%
Expense ratio chart for VNJTX: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VNJTX: 0.17%

Risk-Adjusted Performance

FHIGX vs. VNJTX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHIGX
The Risk-Adjusted Performance Rank of FHIGX is 3636
Overall Rank
The Sharpe Ratio Rank of FHIGX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of FHIGX is 3333
Sortino Ratio Rank
The Omega Ratio Rank of FHIGX is 3535
Omega Ratio Rank
The Calmar Ratio Rank of FHIGX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of FHIGX is 3737
Martin Ratio Rank

VNJTX
The Risk-Adjusted Performance Rank of VNJTX is 3434
Overall Rank
The Sharpe Ratio Rank of VNJTX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of VNJTX is 3030
Sortino Ratio Rank
The Omega Ratio Rank of VNJTX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of VNJTX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of VNJTX is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FHIGX, currently valued at 0.22, compared to the broader market-1.000.001.002.003.00
FHIGX: 0.22
VNJTX: 0.27
The chart of Sortino ratio for FHIGX, currently valued at 0.32, compared to the broader market-2.000.002.004.006.008.0010.00
FHIGX: 0.32
VNJTX: 0.38
The chart of Omega ratio for FHIGX, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.00
FHIGX: 1.06
VNJTX: 1.06
The chart of Calmar ratio for FHIGX, currently valued at 0.17, compared to the broader market0.002.004.006.008.0010.00
FHIGX: 0.17
VNJTX: 0.24
The chart of Martin ratio for FHIGX, currently valued at 0.76, compared to the broader market0.0010.0020.0030.0040.0050.00
FHIGX: 0.76
VNJTX: 0.90

The current FHIGX Sharpe Ratio is 0.22, which is comparable to the VNJTX Sharpe Ratio of 0.19. 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 Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.22
0.27
FHIGX
VNJTX

Dividends

FHIGX vs. VNJTX - Dividend Comparison

FHIGX's dividend yield for the trailing twelve months is around 3.04%, less than VNJTX's 3.53% yield.


TTM20242023202220212020201920182017201620152014
FHIGX
Fidelity Municipal Income Fund
3.04%2.96%2.84%2.72%2.40%2.58%2.79%2.99%3.05%3.40%3.43%3.51%
VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares
3.53%3.39%3.26%3.14%2.69%2.94%3.23%3.54%3.50%3.68%3.53%3.52%

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.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-5.12%
-4.20%
FHIGX
VNJTX

Volatility

FHIGX vs. VNJTX - Volatility Comparison

The current volatility for Fidelity Municipal Income Fund (FHIGX) is 4.21%, while Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a volatility of 4.47%. This indicates that FHIGX experiences smaller price fluctuations and is considered to be less risky than VNJTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
4.21%
4.47%
FHIGX
VNJTX