Correlation
The correlation between RVNU and FHIGX is -0.06. 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.
RVNU vs. FHIGX
Compare and contrast key facts about Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) and Fidelity Municipal Income Fund (FHIGX).
RVNU is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive Municipal Infrastructure Revenue Bond Index. It was launched on Jun 4, 2013. FHIGX is managed by Fidelity. It was launched on Dec 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RVNU or FHIGX.
Performance
RVNU vs. FHIGX - Performance Comparison
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Key characteristics
RVNU:
-0.19
FHIGX:
0.32
RVNU:
-0.26
FHIGX:
0.37
RVNU:
0.96
FHIGX:
1.06
RVNU:
-0.16
FHIGX:
0.21
RVNU:
-0.56
FHIGX:
0.74
RVNU:
3.69%
FHIGX:
1.87%
RVNU:
8.51%
FHIGX:
5.38%
RVNU:
-23.51%
FHIGX:
-22.10%
RVNU:
-10.81%
FHIGX:
-4.17%
Returns By Period
In the year-to-date period, RVNU achieves a -4.28% return, which is significantly lower than FHIGX's -1.65% return. Over the past 10 years, RVNU has underperformed FHIGX with an annualized return of 2.13%, while FHIGX has yielded a comparatively higher 2.27% annualized return.
RVNU
-4.28%
-1.36%
-6.74%
-1.51%
0.61%
-0.25%
2.13%
FHIGX
-1.65%
-0.59%
-2.83%
1.39%
1.75%
1.01%
2.27%
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RVNU vs. FHIGX - Expense Ratio Comparison
RVNU has a 0.15% expense ratio, which is lower than FHIGX's 0.45% expense ratio.
Risk-Adjusted Performance
RVNU vs. FHIGX — Risk-Adjusted Performance Rank
RVNU
FHIGX
RVNU vs. FHIGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) 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.
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Dividends
RVNU vs. FHIGX - Dividend Comparison
RVNU's dividend yield for the trailing twelve months is around 3.36%, more than FHIGX's 2.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.36% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% | 3.15% |
FHIGX Fidelity Municipal Income Fund | 2.79% | 2.97% | 2.84% | 2.72% | 3.04% | 3.01% | 3.17% | 3.65% | 4.46% | 4.58% | 3.93% | 3.51% |
Drawdowns
RVNU vs. FHIGX - Drawdown Comparison
The maximum RVNU drawdown since its inception was -23.51%, which is greater than FHIGX's maximum drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for RVNU and FHIGX.
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Volatility
RVNU vs. FHIGX - Volatility Comparison
Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a higher volatility of 2.20% compared to Fidelity Municipal Income Fund (FHIGX) at 0.62%. This indicates that RVNU'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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