Correlation
The correlation between FSMNX and AMHIX is 0.02, 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.
FSMNX vs. AMHIX
Compare and contrast key facts about Fidelity SAI Municipal Income Fund (FSMNX) and American High-Income Municipal Bond Fund (AMHIX).
FSMNX is managed by Fidelity. It was launched on Oct 2, 2018. AMHIX is managed by American Funds. It was launched on Sep 25, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMNX or AMHIX.
Performance
FSMNX vs. AMHIX - Performance Comparison
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Key characteristics
FSMNX:
0.45
AMHIX:
0.65
FSMNX:
0.62
AMHIX:
0.76
FSMNX:
1.10
AMHIX:
1.13
FSMNX:
0.42
AMHIX:
0.57
FSMNX:
1.36
AMHIX:
1.87
FSMNX:
1.72%
AMHIX:
1.83%
FSMNX:
5.24%
AMHIX:
6.08%
FSMNX:
-15.26%
AMHIX:
-21.73%
FSMNX:
-3.19%
AMHIX:
-3.41%
Returns By Period
In the year-to-date period, FSMNX achieves a -1.37% return, which is significantly higher than AMHIX's -1.54% return.
FSMNX
-1.37%
0.18%
-2.22%
2.34%
2.11%
1.08%
N/A
AMHIX
-1.54%
0.43%
-2.45%
3.90%
2.78%
3.04%
3.31%
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FSMNX vs. AMHIX - Expense Ratio Comparison
FSMNX has a 0.36% expense ratio, which is lower than AMHIX's 0.63% expense ratio.
Risk-Adjusted Performance
FSMNX vs. AMHIX — Risk-Adjusted Performance Rank
FSMNX
AMHIX
FSMNX vs. AMHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Municipal Income Fund (FSMNX) and American High-Income Municipal Bond Fund (AMHIX). 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.
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Dividends
FSMNX vs. AMHIX - Dividend Comparison
FSMNX's dividend yield for the trailing twelve months is around 3.33%, less than AMHIX's 4.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMNX Fidelity SAI Municipal Income Fund | 3.33% | 3.24% | 2.99% | 2.31% | 2.04% | 2.75% | 3.36% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% |
AMHIX American High-Income Municipal Bond Fund | 4.00% | 3.85% | 3.46% | 3.39% | 3.45% | 4.22% | 3.20% | 3.67% | 3.70% | 3.89% | 4.01% | 4.20% |
Drawdowns
FSMNX vs. AMHIX - Drawdown Comparison
The maximum FSMNX drawdown since its inception was -15.26%, smaller than the maximum AMHIX drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for FSMNX and AMHIX.
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Volatility
FSMNX vs. AMHIX - Volatility Comparison
The current volatility for Fidelity SAI Municipal Income Fund (FSMNX) is 0.91%, while American High-Income Municipal Bond Fund (AMHIX) has a volatility of 1.19%. This indicates that FSMNX experiences smaller price fluctuations and is considered to be less risky than AMHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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