RMUNX vs. FZROX
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and Fidelity ZERO Total Market Index Fund (FZROX).
RMUNX is managed by Invesco. It was launched on May 14, 1986. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or FZROX.
Key characteristics
| RMUNX | FZROX | |
|---|---|---|
| YTD Return | 2.09% | 26.41% |
| 1Y Return | 11.34% | 40.58% |
| 3Y Return (Ann) | -1.23% | 9.00% |
| 5Y Return (Ann) | 1.88% | 15.47% |
| Sharpe Ratio | 2.06 | 3.09 |
| Sortino Ratio | 3.01 | 4.11 |
| Omega Ratio | 1.47 | 1.57 |
| Calmar Ratio | 0.82 | 4.45 |
| Martin Ratio | 9.56 | 20.14 |
| Ulcer Index | 1.20% | 1.96% |
| Daily Std Dev | 5.58% | 12.76% |
| Max Drawdown | -36.54% | -34.96% |
| Current Drawdown | -4.28% | 0.00% |
Correlation
The correlation between RMUNX and FZROX is 0.04, 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
RMUNX vs. FZROX - Performance Comparison
In the year-to-date period, RMUNX achieves a 2.09% return, which is significantly lower than FZROX's 26.41% 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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RMUNX vs. FZROX - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
RMUNX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and Fidelity ZERO Total Market Index Fund (FZROX). 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
RMUNX vs. FZROX - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.02%, more than FZROX's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.02% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% | 13.31% |
FZROX Fidelity ZERO Total Market Index Fund | 1.08% | 1.36% | 1.57% | 1.08% | 1.27% | 1.45% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RMUNX vs. FZROX - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for RMUNX and FZROX. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. FZROX - Volatility Comparison
The current volatility for Invesco Rochester New York Municipals Fund (RMUNX) is 2.78%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.06%. This indicates that RMUNX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.