FOHFX vs. MEAR
Compare and contrast key facts about Fidelity Ohio Municipal Income Fund (FOHFX) and iShares Short Maturity Municipal Bond ETF (MEAR).
FOHFX is managed by Fidelity. It was launched on Nov 15, 1985. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FOHFX or MEAR.
Key characteristics
| FOHFX | MEAR | |
|---|---|---|
| YTD Return | 2.47% | 3.35% |
| 1Y Return | 7.10% | 4.09% |
| 3Y Return (Ann) | -0.36% | 2.46% |
| 5Y Return (Ann) | 0.81% | 1.75% |
| Sharpe Ratio | 2.16 | 4.46 |
| Sortino Ratio | 3.24 | 7.39 |
| Omega Ratio | 1.52 | 2.06 |
| Calmar Ratio | 0.83 | 17.50 |
| Martin Ratio | 8.94 | 72.37 |
| Ulcer Index | 0.73% | 0.06% |
| Daily Std Dev | 3.01% | 0.94% |
| Max Drawdown | -13.42% | -2.68% |
| Current Drawdown | -2.01% | 0.00% |
Correlation
The correlation between FOHFX and MEAR is 0.13, 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
FOHFX vs. MEAR - Performance Comparison
In the year-to-date period, FOHFX achieves a 2.47% return, which is significantly lower than MEAR's 3.35% 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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FOHFX vs. MEAR - Expense Ratio Comparison
FOHFX has a 0.48% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Risk-Adjusted Performance
FOHFX vs. MEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ohio Municipal Income Fund (FOHFX) and iShares Short Maturity Municipal Bond ETF (MEAR). 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
FOHFX vs. MEAR - Dividend Comparison
FOHFX's dividend yield for the trailing twelve months is around 2.74%, less than MEAR's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOHFX Fidelity Ohio Municipal Income Fund | 2.74% | 2.47% | 2.23% | 2.03% | 2.28% | 2.58% | 2.71% | 2.72% | 2.86% | 3.03% | 3.14% | 3.54% |
MEAR iShares Short Maturity Municipal Bond ETF | 3.46% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% | 0.00% | 0.00% |
Drawdowns
FOHFX vs. MEAR - Drawdown Comparison
The maximum FOHFX drawdown since its inception was -13.42%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for FOHFX and MEAR. For additional features, visit the drawdowns tool.
Volatility
FOHFX vs. MEAR - Volatility Comparison
Fidelity Ohio Municipal Income Fund (FOHFX) has a higher volatility of 1.55% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.43%. This indicates that FOHFX's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.