FHIGX vs. VTEAX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or VTEAX.
Correlation
The correlation between FHIGX and VTEAX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FHIGX vs. VTEAX - Performance Comparison
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Key characteristics
FHIGX:
0.07
VTEAX:
0.09
FHIGX:
0.09
VTEAX:
0.17
FHIGX:
1.02
VTEAX:
1.03
FHIGX:
0.03
VTEAX:
0.10
FHIGX:
0.13
VTEAX:
0.34
FHIGX:
1.75%
VTEAX:
1.55%
FHIGX:
5.40%
VTEAX:
4.95%
FHIGX:
-16.91%
VTEAX:
-12.74%
FHIGX:
-4.55%
VTEAX:
-2.92%
Returns By Period
The year-to-date returns for both investments are quite close, with FHIGX having a -1.40% return and VTEAX slightly higher at -1.34%.
FHIGX
-1.40%
1.28%
-1.56%
0.40%
1.15%
1.77%
VTEAX
-1.34%
1.21%
-1.36%
0.43%
0.75%
N/A
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FHIGX vs. VTEAX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than VTEAX's 0.09% expense ratio.
Risk-Adjusted Performance
FHIGX vs. VTEAX — Risk-Adjusted Performance Rank
FHIGX
VTEAX
FHIGX vs. VTEAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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.
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Dividends
FHIGX vs. VTEAX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.04%, less than VTEAX's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 3.04% | 2.96% | 2.83% | 2.71% | 3.05% | 2.99% | 3.16% | 3.66% | 4.46% | 4.58% | 3.93% | 3.51% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.23% | 3.11% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHIGX vs. VTEAX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -16.91%, which is greater than VTEAX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for FHIGX and VTEAX. For additional features, visit the drawdowns tool.
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Volatility
FHIGX vs. VTEAX - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) has a higher volatility of 1.23% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.07%. This indicates that FHIGX's price experiences larger fluctuations and is considered to be riskier than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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