SHMMX vs. FGMNX
Compare and contrast key facts about Western Asset Managed Municipals Fund (SHMMX) and Fidelity GNMA Fund (FGMNX).
SHMMX is managed by Franklin Templeton Investments. It was launched on Mar 3, 1981. FGMNX is managed by Fidelity. It was launched on Nov 8, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHMMX or FGMNX.
Correlation
The correlation between SHMMX and FGMNX is 0.38, 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
SHMMX vs. FGMNX - Performance Comparison
Key characteristics
SHMMX:
0.48
FGMNX:
0.61
SHMMX:
0.68
FGMNX:
0.90
SHMMX:
1.10
FGMNX:
1.11
SHMMX:
0.31
FGMNX:
0.36
SHMMX:
1.73
FGMNX:
1.65
SHMMX:
1.00%
FGMNX:
2.15%
SHMMX:
3.60%
FGMNX:
5.81%
SHMMX:
-16.39%
FGMNX:
-16.16%
SHMMX:
-3.05%
FGMNX:
-4.57%
Returns By Period
In the year-to-date period, SHMMX achieves a -0.74% return, which is significantly lower than FGMNX's -0.10% return. Over the past 10 years, SHMMX has outperformed FGMNX with an annualized return of 1.94%, while FGMNX has yielded a comparatively lower 0.98% annualized return.
SHMMX
-0.74%
-1.05%
-0.08%
2.07%
0.72%
1.94%
FGMNX
-0.10%
-0.67%
0.83%
3.45%
-0.17%
0.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SHMMX vs. FGMNX - Expense Ratio Comparison
SHMMX has a 0.67% expense ratio, which is higher than FGMNX's 0.45% expense ratio.
Risk-Adjusted Performance
SHMMX vs. FGMNX — Risk-Adjusted Performance Rank
SHMMX
FGMNX
SHMMX vs. FGMNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Managed Municipals Fund (SHMMX) and Fidelity GNMA Fund (FGMNX). 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
SHMMX vs. FGMNX - Dividend Comparison
SHMMX's dividend yield for the trailing twelve months is around 3.36%, less than FGMNX's 4.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHMMX Western Asset Managed Municipals Fund | 3.36% | 3.33% | 3.24% | 2.88% | 2.47% | 2.73% | 3.34% | 3.82% | 3.88% | 3.81% | 3.81% | 3.90% |
FGMNX Fidelity GNMA Fund | 4.74% | 4.73% | 4.30% | 2.52% | 0.74% | 1.61% | 2.46% | 2.55% | 2.18% | 2.08% | 2.41% | 2.12% |
Drawdowns
SHMMX vs. FGMNX - Drawdown Comparison
The maximum SHMMX drawdown since its inception was -16.39%, roughly equal to the maximum FGMNX drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for SHMMX and FGMNX. For additional features, visit the drawdowns tool.
Volatility
SHMMX vs. FGMNX - Volatility Comparison
The current volatility for Western Asset Managed Municipals Fund (SHMMX) is 1.33%, while Fidelity GNMA Fund (FGMNX) has a volatility of 1.69%. This indicates that SHMMX experiences smaller price fluctuations and is considered to be less risky than FGMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.