FMNDX vs. FHIGX

In the year-to-date period, FMNDX achieves a 1.00% return, which is significantly higher than FHIGX's -1.41% return. Over the past 10 years, FMNDX has underperformed FHIGX with an annualized return of 1.45%, while FHIGX has yielded a comparatively higher 1.76% annualized return.

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FMNDX has a 0.25% expense ratio, which is lower than FHIGX's 0.45% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) and Fidelity Municipal Income Fund (FHIGX). 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.

The current FMNDX Sharpe Ratio is 3.18, which is higher than the FHIGX Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of FMNDX and FHIGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FMNDX's dividend yield for the trailing twelve months is around 3.19%, more than FHIGX's 2.77% yield.

The maximum FMNDX drawdown since its inception was -1.69%, smaller than the maximum FHIGX drawdown of -34.85%. Use the drawdown chart below to compare losses from any high point for FMNDX and FHIGX. For additional features, visit the drawdowns tool.

The current volatility for Fidelity Conservative Income Municipal Bond Fund Institutional Class (FMNDX) is 0.36%, while Fidelity Municipal Income Fund (FHIGX) has a volatility of 2.80%. This indicates that FMNDX experiences smaller price fluctuations and is considered to be less risky than FHIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.