SISIX vs. FSIGX
SISIX (Virtus Seix Investment Grade Tax-Exempt Bond Fund) and FSIGX (Fidelity Series Investment Grade Bond Fund) are both mutual funds - SISIX is a Municipal Bonds fund managed by Virtus, while FSIGX is a Investment Grade Bonds fund managed by Fidelity. Over the past 10 years, SISIX returned 1.42%/yr vs 2.10%/yr for FSIGX. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
SISIX vs. FSIGX - Performance Comparison
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Returns By Period
In the year-to-date period, SISIX achieves a -0.16% return, which is significantly higher than FSIGX's -0.48% return. Over the past 10 years, SISIX has underperformed FSIGX with an annualized return of 1.42%, while FSIGX has yielded a comparatively higher 2.10% annualized return.
SISIX
- 1D
- -0.18%
- 1M
- -1.80%
- 6M
- -1.08%
- YTD
- -0.16%
- 1Y
- 3.25%
- 3Y*
- 2.32%
- 5Y*
- 0.25%
- 10Y*
- 1.42%
- ALL TIME*
- 4.10%
FSIGX
- 1D
- 0.00%
- 1M
- -1.19%
- 6M
- -0.73%
- YTD
- -0.48%
- 1Y
- 1.91%
- 3Y*
- 4.14%
- 5Y*
- 0.03%
- 10Y*
- 2.10%
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SISIX vs. FSIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SISIX Virtus Seix Investment Grade Tax-Exempt Bond Fund | -0.16% | 3.71% | 0.76% | 4.85% | -6.63% | -0.23% | 5.59% | 6.44% | 0.24% | 3.66% |
FSIGX Fidelity Series Investment Grade Bond Fund | -0.48% | 7.65% | 1.79% | 6.82% | -13.30% | -0.67% | 9.71% | 9.75% | -0.15% | 4.39% |
Correlation
The correlation between SISIX and FSIGX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2008 | 0.50 |
The correlation between SISIX and FSIGX shifts across timeframes, from 0.50 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SISIX vs. FSIGX — Risk / Return Rank
SISIX
FSIGX
SISIX vs. FSIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Seix Investment Grade Tax-Exempt Bond Fund (SISIX) and Fidelity Series Investment Grade Bond Fund (FSIGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SISIX | FSIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.08 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.55 | 2.62 | +1.93 |
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Drawdowns
SISIX vs. FSIGX - Drawdown Comparison
The maximum SISIX drawdown since its inception was -14.04%, smaller than the maximum FSIGX drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for SISIX and FSIGX.
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Drawdown Indicators
| SISIX | FSIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.04% | -18.22% | +4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.99% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.58% | -5.20% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -11.08% | -18.22% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -11.08% | -18.22% | +7.14% |
Current DrawdownCurrent decline from peak | -2.04% | -2.48% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -2.68% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.22% | -0.37% |
Volatility
SISIX vs. FSIGX - Volatility Comparison
The current volatility for Virtus Seix Investment Grade Tax-Exempt Bond Fund (SISIX) is 0.84%, while Fidelity Series Investment Grade Bond Fund (FSIGX) has a volatility of 1.02%. This indicates that SISIX experiences smaller price fluctuations and is considered to be less risky than FSIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SISIX | FSIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.02% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 3.03% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.22% | 3.89% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 6.08% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 5.03% | -1.68% |
Dividends
SISIX vs. FSIGX - Dividend Comparison
SISIX's dividend yield for the trailing twelve months is around 2.30%, less than FSIGX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | 3.97% | 4.24% | 4.01% | 4.00% | 2.37% | 1.88% | 6.32% | 3.09% | 3.20% | 2.86% | 4.32% | 3.07% |
SISIX Virtus Seix Investment Grade Tax-Exempt Bond Fund | 2.30% | 2.51% | 2.04% | 2.03% | 1.50% | 1.98% | 3.18% | 3.94% | 2.83% | 2.47% | 4.50% | 3.42% |
Frequently Asked Questions
SISIX and FSIGX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSIGX has higher volatility (1.02%) compared to SISIX (0.84%). In terms of maximum drawdown, SISIX dropped -14.04% vs FSIGX's -18.22%.
SISIX currently has the higher Sharpe Ratio (1.75 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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