FHIGX vs. VWEHX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. VWEHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or VWEHX.
Key characteristics
| FHIGX | VWEHX | |
|---|---|---|
| YTD Return | 1.33% | 6.23% |
| 1Y Return | 7.59% | 12.26% |
| 3Y Return (Ann) | -0.93% | 2.69% |
| 5Y Return (Ann) | 0.87% | 3.73% |
| 10Y Return (Ann) | 1.95% | 4.39% |
| Sharpe Ratio | 2.13 | 3.43 |
| Sortino Ratio | 3.19 | 5.88 |
| Omega Ratio | 1.48 | 1.90 |
| Calmar Ratio | 0.71 | 2.92 |
| Martin Ratio | 8.83 | 22.23 |
| Ulcer Index | 0.85% | 0.56% |
| Daily Std Dev | 3.54% | 3.64% |
| Max Drawdown | -16.91% | -30.17% |
| Current Drawdown | -3.75% | -0.39% |
Correlation
The correlation between FHIGX and VWEHX is 0.30, 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. VWEHX - Performance Comparison
In the year-to-date period, FHIGX achieves a 1.33% return, which is significantly lower than VWEHX's 6.23% return. Over the past 10 years, FHIGX has underperformed VWEHX with an annualized return of 1.95%, while VWEHX has yielded a comparatively higher 4.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHIGX vs. VWEHX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than VWEHX's 0.23% expense ratio.
Risk-Adjusted Performance
FHIGX vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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. VWEHX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 2.96%, less than VWEHX's 6.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 2.96% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% | 3.91% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.02% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% | 5.79% |
Drawdowns
FHIGX vs. VWEHX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -16.91%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for FHIGX and VWEHX. For additional features, visit the drawdowns tool.
Volatility
FHIGX vs. VWEHX - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) has a higher volatility of 1.53% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.63%. This indicates that FHIGX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.