MUST vs. FHIGX
Compare and contrast key facts about Columbia Multi-Sector Municipal Income ETF (MUST) and Fidelity Municipal Income Fund (FHIGX).
MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018. FHIGX is managed by Fidelity. It was launched on Dec 1, 1977.
Performance
MUST vs. FHIGX - Performance Comparison
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MUST vs. FHIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 0.02% | 4.92% | 0.37% | 6.23% | -8.82% | 1.93% | 6.67% | 8.35% | 2.72% |
FHIGX Fidelity Municipal Income Fund | -0.82% | 5.37% | 1.68% | 7.14% | -10.98% | 2.43% | 4.42% | 8.51% | 2.77% |
Returns By Period
In the year-to-date period, MUST achieves a 0.02% return, which is significantly higher than FHIGX's -0.82% return.
MUST
- 1D
- 0.34%
- 1M
- -2.40%
- YTD
- 0.02%
- 6M
- 1.52%
- 1Y
- 5.29%
- 3Y*
- 2.90%
- 5Y*
- 0.78%
- 10Y*
- —
FHIGX
- 1D
- 0.25%
- 1M
- -3.03%
- YTD
- -0.82%
- 6M
- 0.87%
- 1Y
- 4.26%
- 3Y*
- 3.37%
- 5Y*
- 0.81%
- 10Y*
- 2.21%
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MUST vs. FHIGX - Expense Ratio Comparison
MUST has a 0.23% expense ratio, which is lower than FHIGX's 0.45% expense ratio.
Return for Risk
MUST vs. FHIGX — Risk / Return Rank
MUST
FHIGX
MUST vs. FHIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) 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.
| MUST | FHIGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.01 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.36 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.10 | +0.06 |
Martin ratioReturn relative to average drawdown | 4.26 | 3.82 | +0.43 |
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
| MUST | FHIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.01 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.20 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.87 | -0.36 |
Correlation
The correlation between MUST and FHIGX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MUST vs. FHIGX - Dividend Comparison
MUST's dividend yield for the trailing twelve months is around 3.29%, more than FHIGX's 3.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 3.29% | 3.28% | 3.13% | 2.51% | 1.76% | 1.62% | 2.33% | 2.70% | 0.55% | 0.00% | 0.00% | 0.00% |
FHIGX Fidelity Municipal Income Fund | 3.08% | 4.00% | 2.98% | 2.83% | 1.81% | 2.64% | 2.79% | 3.16% | 3.66% | 4.45% | 4.88% | 3.65% |
Drawdowns
MUST vs. FHIGX - Drawdown Comparison
The maximum MUST drawdown since its inception was -13.83%, smaller than the maximum FHIGX drawdown of -32.80%. Use the drawdown chart below to compare losses from any high point for MUST and FHIGX.
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Drawdown Indicators
| MUST | FHIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -32.80% | +18.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.56% | -4.84% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -16.18% | +2.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.18% | — |
Current DrawdownCurrent decline from peak | -2.49% | -3.03% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -4.55% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.40% | -0.15% |
Volatility
MUST vs. FHIGX - Volatility Comparison
Columbia Multi-Sector Municipal Income ETF (MUST) has a higher volatility of 1.84% compared to Fidelity Municipal Income Fund (FHIGX) at 1.20%. This indicates that MUST's price experiences larger fluctuations and is considered to be riskier than FHIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUST | FHIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.20% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 1.82% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.94% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 4.12% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 4.23% | +1.37% |