Correlation
The correlation between PRINX and FAGIX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
PRINX vs. FAGIX - Performance Comparison
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Key characteristics
PRINX:
0.07
FAGIX:
1.05
PRINX:
0.03
FAGIX:
1.41
PRINX:
1.00
FAGIX:
1.20
PRINX:
-0.01
FAGIX:
0.98
PRINX:
-0.02
FAGIX:
3.69
PRINX:
2.05%
FAGIX:
1.92%
PRINX:
6.05%
FAGIX:
7.03%
PRINX:
-15.70%
FAGIX:
-37.80%
PRINX:
-4.52%
FAGIX:
-1.14%
Returns By Period
In the year-to-date period, PRINX achieves a -2.60% return, which is significantly lower than FAGIX's 1.29% return. Over the past 10 years, PRINX has underperformed FAGIX with an annualized return of 2.13%, while FAGIX has yielded a comparatively higher 6.19% annualized return.
PRINX
-2.60%
0.21%
-2.90%
0.49%
2.16%
1.21%
2.13%
FAGIX
1.29%
2.83%
0.50%
7.08%
8.28%
9.02%
6.19%
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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 Rank
PRINX
FAGIX
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.
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Dividends
PRINX vs. FAGIX - Dividend Comparison
PRINX's dividend yield for the trailing twelve months is around 3.52%, less than FAGIX's 4.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRINX T. Rowe Price Summit Municipal Income Fund | 3.52% | 3.30% | 2.97% | 2.66% | 2.13% | 2.64% | 2.87% | 3.12% | 3.19% | 3.32% | 3.42% | 3.53% |
FAGIX Fidelity Capital & Income Fund | 4.92% | 5.03% | 5.29% | 11.37% | 6.55% | 4.88% | 5.00% | 7.39% | 5.05% | 4.12% | 5.01% | 8.08% |
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.
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Volatility
PRINX vs. FAGIX - Volatility Comparison
The current volatility for T. Rowe Price Summit Municipal Income Fund (PRINX) is 1.09%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.74%. This indicates that PRINX experiences smaller price fluctuations and is considered to be less risky than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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