FTABX vs. FHIGX

In the year-to-date period, FTABX achieves a -1.45% return, which is significantly higher than FHIGX's -1.57% return. Over the past 10 years, FTABX has outperformed FHIGX with an annualized return of 2.36%, while FHIGX has yielded a comparatively lower 2.24% annualized return.

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FTABX 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 Tax-Free Bond Fund (FTABX) 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 FTABX Sharpe Ratio is 0.29, which is comparable to the FHIGX Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of FTABX 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.

FTABX's dividend yield for the trailing twelve months is around 3.15%, more than FHIGX's 3.04% yield.

The maximum FTABX drawdown since its inception was -15.53%, smaller than the maximum FHIGX drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for FTABX and FHIGX.

Fidelity Tax-Free Bond Fund (FTABX) and Fidelity Municipal Income Fund (FHIGX) have volatilities of 0.96% and 0.94%, 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.