FMHTX vs. SCHD
Compare and contrast key facts about Fidelity Michigan Municipal Income Fund (FMHTX) and Schwab US Dividend Equity ETF (SCHD).
FMHTX is managed by Fidelity. It was launched on Nov 12, 1985. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMHTX or SCHD.
Correlation
The correlation between FMHTX and SCHD is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FMHTX vs. SCHD - Performance Comparison
Key characteristics
FMHTX:
0.92
SCHD:
1.23
FMHTX:
1.25
SCHD:
1.82
FMHTX:
1.19
SCHD:
1.21
FMHTX:
0.49
SCHD:
1.76
FMHTX:
2.83
SCHD:
4.51
FMHTX:
1.08%
SCHD:
3.11%
FMHTX:
3.30%
SCHD:
11.39%
FMHTX:
-14.36%
SCHD:
-33.37%
FMHTX:
-2.23%
SCHD:
-3.58%
Returns By Period
In the year-to-date period, FMHTX achieves a 0.58% return, which is significantly lower than SCHD's 3.26% return. Over the past 10 years, FMHTX has underperformed SCHD with an annualized return of 1.89%, while SCHD has yielded a comparatively higher 11.15% annualized return.
FMHTX
0.58%
0.85%
0.78%
3.23%
0.46%
1.89%
SCHD
3.26%
1.04%
3.19%
12.82%
11.66%
11.15%
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FMHTX vs. SCHD - Expense Ratio Comparison
FMHTX has a 0.48% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
FMHTX vs. SCHD — Risk-Adjusted Performance Rank
FMHTX
SCHD
FMHTX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Michigan Municipal Income Fund (FMHTX) and Schwab US Dividend Equity ETF (SCHD). 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
FMHTX vs. SCHD - Dividend Comparison
FMHTX's dividend yield for the trailing twelve months is around 2.73%, less than SCHD's 3.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMHTX Fidelity Michigan Municipal Income Fund | 2.73% | 2.73% | 2.42% | 2.31% | 2.10% | 2.22% | 2.49% | 2.65% | 2.73% | 2.96% | 3.13% | 3.53% |
SCHD Schwab US Dividend Equity ETF | 3.53% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
FMHTX vs. SCHD - Drawdown Comparison
The maximum FMHTX drawdown since its inception was -14.36%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FMHTX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FMHTX vs. SCHD - Volatility Comparison
The current volatility for Fidelity Michigan Municipal Income Fund (FMHTX) is 0.94%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.10%. This indicates that FMHTX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.