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.
Performance
FSMNX vs. AMHIX - Performance Comparison
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FSMNX vs. AMHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSMNX Fidelity SAI Municipal Income Fund | -0.80% | 5.30% | 2.12% | 7.55% | -10.43% | 1.84% | 3.45% | 8.74% | 2.37% |
AMHIX American High-Income Municipal Bond Fund | -0.51% | 5.70% | 6.19% | 7.18% | -12.59% | 5.28% | 4.39% | 8.88% | 1.58% |
Returns By Period
In the year-to-date period, FSMNX achieves a -0.80% return, which is significantly lower than AMHIX's -0.51% return.
FSMNX
- 1D
- 0.10%
- 1M
- -2.97%
- YTD
- -0.80%
- 6M
- 0.67%
- 1Y
- 4.07%
- 3Y*
- 3.62%
- 5Y*
- 1.01%
- 10Y*
- —
AMHIX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.51%
- 6M
- 1.18%
- 1Y
- 3.94%
- 3Y*
- 5.30%
- 5Y*
- 1.65%
- 10Y*
- 3.20%
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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.
Return for Risk
FSMNX vs. AMHIX — Risk / Return Rank
FSMNX
AMHIX
FSMNX vs. AMHIX - Risk-Adjusted Trends 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.
| FSMNX | AMHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.77 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.04 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.94 | +0.11 |
Martin ratioReturn relative to average drawdown | 3.79 | 3.04 | +0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSMNX | AMHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.77 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.35 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.39 | -0.84 |
Correlation
The correlation between FSMNX and AMHIX is 0.88, 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.
Dividends
FSMNX vs. AMHIX - Dividend Comparison
FSMNX's dividend yield for the trailing twelve months is around 3.37%, less than AMHIX's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMNX Fidelity SAI Municipal Income Fund | 3.37% | 4.38% | 3.52% | 2.98% | 1.74% | 1.55% | 1.96% | 3.57% | 0.65% | 0.00% | 0.00% | 0.00% |
AMHIX American High-Income Municipal Bond Fund | 4.03% | 5.26% | 3.80% | 3.10% | 2.53% | 3.23% | 3.40% | 3.46% | 3.67% | 4.01% | 3.55% | 4.03% |
Drawdowns
FSMNX vs. AMHIX - Drawdown Comparison
The maximum FSMNX drawdown since its inception was -15.85%, smaller than the maximum AMHIX drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for FSMNX and AMHIX.
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Drawdown Indicators
| FSMNX | AMHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -21.74% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -5.60% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -17.81% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.81% | — |
Current DrawdownCurrent decline from peak | -2.97% | -2.70% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -2.13% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.72% | -0.46% |
Volatility
FSMNX vs. AMHIX - Volatility Comparison
Fidelity SAI Municipal Income Fund (FSMNX) and American High-Income Municipal Bond Fund (AMHIX) have volatilities of 1.11% and 1.08%, 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.
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Volatility by Period
| FSMNX | AMHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.08% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.84% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 6.43% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 4.80% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.51% | +0.13% |