PRINX vs. FAGIX
Compare and contrast key facts about T. Rowe Price Summit Municipal Income Fund (PRINX) and Fidelity Capital & Income Fund (FAGIX).
PRINX is managed by T. Rowe Price. It was launched on Oct 28, 1993. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRINX or FAGIX.
Key characteristics
| PRINX | FAGIX | |
|---|---|---|
| YTD Return | 2.95% | 12.00% |
| 1Y Return | 9.30% | 18.33% |
| 3Y Return (Ann) | -0.47% | 1.41% |
| 5Y Return (Ann) | 1.39% | 5.10% |
| 10Y Return (Ann) | 2.50% | 5.10% |
| Sharpe Ratio | 2.46 | 3.57 |
| Sortino Ratio | 3.76 | 5.47 |
| Omega Ratio | 1.58 | 1.81 |
| Calmar Ratio | 0.90 | 1.55 |
| Martin Ratio | 12.47 | 24.98 |
| Ulcer Index | 0.75% | 0.68% |
| Daily Std Dev | 3.78% | 4.81% |
| Max Drawdown | -15.70% | -37.80% |
| Current Drawdown | -1.97% | 0.00% |
Correlation
The correlation between PRINX and FAGIX is 0.08, 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
PRINX vs. FAGIX - Performance Comparison
In the year-to-date period, PRINX achieves a 2.95% return, which is significantly lower than FAGIX's 12.00% return. Over the past 10 years, PRINX has underperformed FAGIX with an annualized return of 2.50%, while FAGIX has yielded a comparatively higher 5.10% annualized 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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PRINX vs. FAGIX - Expense Ratio Comparison
PRINX has a 0.50% expense ratio, which is lower than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
PRINX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Summit Municipal Income Fund (PRINX) and Fidelity Capital & Income Fund (FAGIX). 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
PRINX vs. FAGIX - Dividend Comparison
PRINX's dividend yield for the trailing twelve months is around 3.23%, less than FAGIX's 4.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRINX T. Rowe Price Summit Municipal Income Fund | 3.23% | 2.97% | 2.61% | 2.13% | 2.64% | 2.87% | 3.12% | 3.18% | 3.32% | 3.42% | 3.53% | 3.84% |
FAGIX Fidelity Capital & Income Fund | 4.99% | 5.29% | 4.85% | 3.41% | 3.78% | 4.25% | 5.27% | 4.01% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
PRINX vs. FAGIX - Drawdown Comparison
The maximum PRINX drawdown since its inception was -15.70%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for PRINX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
PRINX vs. FAGIX - Volatility Comparison
T. Rowe Price Summit Municipal Income Fund (PRINX) has a higher volatility of 1.90% compared to Fidelity Capital & Income Fund (FAGIX) at 1.14%. This indicates that PRINX's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.