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
Key characteristics
FHIGX:
0.10
VTEB:
0.16
FHIGX:
0.16
VTEB:
0.23
FHIGX:
1.03
VTEB:
1.03
FHIGX:
0.07
VTEB:
0.16
FHIGX:
0.33
VTEB:
0.53
FHIGX:
1.58%
VTEB:
1.39%
FHIGX:
5.37%
VTEB:
4.72%
FHIGX:
-16.91%
VTEB:
-17.00%
FHIGX:
-5.76%
VTEB:
-3.49%
Returns By Period
In the year-to-date period, FHIGX achieves a -2.65% return, which is significantly lower than VTEB's -1.92% return.
FHIGX
-2.65%
-2.31%
-2.00%
0.19%
1.08%
1.52%
VTEB
-1.92%
-1.39%
-1.44%
0.86%
0.91%
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.
Dividends
FHIGX vs. VTEB - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 3.06%, less than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 3.06% | 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% | 1.65% | 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.
Volatility
FHIGX vs. VTEB - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) has a higher volatility of 4.20% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.08%. This indicates that FHIGX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.