FHIGX vs. VTEB
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or VTEB.
Correlation
The correlation between FHIGX and VTEB is 0.00, 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. VTEB - Performance Comparison
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Key characteristics
FHIGX:
0.07
VTEB:
0.16
FHIGX:
0.15
VTEB:
0.25
FHIGX:
1.03
VTEB:
1.04
FHIGX:
0.07
VTEB:
0.17
FHIGX:
0.27
VTEB:
0.53
FHIGX:
1.75%
VTEB:
1.58%
FHIGX:
5.40%
VTEB:
4.76%
FHIGX:
-16.91%
VTEB:
-17.00%
FHIGX:
-4.39%
VTEB:
-2.66%
Returns By Period
In the year-to-date period, FHIGX achieves a -1.24% return, which is significantly lower than VTEB's -1.08% return.
FHIGX
-1.24%
1.02%
-1.48%
0.48%
1.18%
1.82%
VTEB
-1.08%
0.98%
-1.35%
0.75%
0.82%
N/A
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FHIGX vs. VTEB - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FHIGX vs. VTEB — Risk-Adjusted Performance Rank
FHIGX
VTEB
FHIGX vs. VTEB - 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 ETF (VTEB). 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. VTEB - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.03%, less than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 3.03% | 2.96% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
FHIGX vs. VTEB - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -16.91%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FHIGX and VTEB. For additional features, visit the drawdowns tool.
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Volatility
FHIGX vs. VTEB - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.23% and 1.26%, 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.
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