FHIGX vs. VWITX
Compare and contrast key facts about Fidelity Municipal Income Fund (FHIGX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX).
FHIGX is managed by Fidelity. It was launched on Dec 1, 1977. VWITX is managed by Vanguard. It was launched on Sep 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHIGX or VWITX.
Key characteristics
| FHIGX | VWITX | |
|---|---|---|
| YTD Return | 2.00% | 0.74% |
| 1Y Return | 8.85% | 6.32% |
| 3Y Return (Ann) | -0.69% | -0.14% |
| 5Y Return (Ann) | 1.00% | 1.27% |
| 10Y Return (Ann) | 2.03% | 2.17% |
| Sharpe Ratio | 2.47 | 2.33 |
| Sortino Ratio | 3.89 | 3.56 |
| Omega Ratio | 1.57 | 1.54 |
| Calmar Ratio | 0.79 | 0.92 |
| Martin Ratio | 10.10 | 9.24 |
| Ulcer Index | 0.82% | 0.71% |
| Daily Std Dev | 3.38% | 2.82% |
| Max Drawdown | -34.85% | -11.56% |
| Current Drawdown | -3.12% | -2.13% |
Correlation
The correlation between FHIGX and VWITX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FHIGX vs. VWITX - Performance Comparison
In the year-to-date period, FHIGX achieves a 2.00% return, which is significantly higher than VWITX's 0.74% return. Over the past 10 years, FHIGX has underperformed VWITX with an annualized return of 2.03%, while VWITX has yielded a comparatively higher 2.17% 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. VWITX - Expense Ratio Comparison
FHIGX has a 0.45% expense ratio, which is higher than VWITX's 0.17% expense ratio.
Risk-Adjusted Performance
FHIGX vs. VWITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Municipal Income Fund (FHIGX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). 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. VWITX - Dividend Comparison
FHIGX's dividend yield for the trailing twelve months is around 2.94%, less than VWITX's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIGX Fidelity Municipal Income Fund | 2.94% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% | 3.91% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 2.99% | 2.71% | 2.43% | 2.08% | 2.32% | 2.61% | 2.81% | 2.73% | 2.81% | 2.89% | 3.05% | 3.19% |
Drawdowns
FHIGX vs. VWITX - Drawdown Comparison
The maximum FHIGX drawdown since its inception was -34.85%, which is greater than VWITX's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for FHIGX and VWITX. For additional features, visit the drawdowns tool.
Volatility
FHIGX vs. VWITX - Volatility Comparison
Fidelity Municipal Income Fund (FHIGX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) have volatilities of 1.14% and 1.17%, 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.