VCORX vs. FHIGX
Compare and contrast key facts about Vanguard Core Bond Fund Investor Shares (VCORX) and Fidelity Municipal Income Fund (FHIGX).
VCORX is managed by Vanguard. It was launched on Mar 28, 2016. 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: VCORX or FHIGX.
Key characteristics
| VCORX | FHIGX | |
|---|---|---|
| YTD Return | 4.97% | 3.06% |
| 1Y Return | 10.71% | 8.69% |
| 3Y Return (Ann) | -1.54% | -0.30% |
| 5Y Return (Ann) | 1.00% | 1.47% |
| Sharpe Ratio | 1.68 | 2.44 |
| Daily Std Dev | 6.21% | 4.00% |
| Max Drawdown | -18.18% | -22.10% |
| Current Drawdown | -5.02% | -1.48% |
Correlation
The correlation between VCORX and FHIGX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VCORX vs. FHIGX - Performance Comparison
In the year-to-date period, VCORX achieves a 4.97% return, which is significantly higher than FHIGX's 3.06% 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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VCORX vs. FHIGX - Expense Ratio Comparison
VCORX has a 0.20% expense ratio, which is lower than FHIGX's 0.45% expense ratio.
Risk-Adjusted Performance
VCORX vs. FHIGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Bond Fund Investor Shares (VCORX) 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.
Dividends
VCORX vs. FHIGX - Dividend Comparison
VCORX's dividend yield for the trailing twelve months is around 4.22%, more than FHIGX's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCORX Vanguard Core Bond Fund Investor Shares | 4.22% | 3.99% | 2.90% | 1.20% | 2.95% | 2.93% | 2.97% | 2.62% | 2.21% | 0.00% | 0.00% | 0.00% |
FHIGX Fidelity Municipal Income Fund | 2.88% | 2.83% | 2.71% | 3.05% | 2.99% | 3.16% | 3.66% | 4.46% | 4.58% | 3.93% | 3.51% | 3.91% |
Drawdowns
VCORX vs. FHIGX - Drawdown Comparison
The maximum VCORX drawdown since its inception was -18.18%, smaller than the maximum FHIGX drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for VCORX and FHIGX. For additional features, visit the drawdowns tool.
Volatility
VCORX vs. FHIGX - Volatility Comparison
Vanguard Core Bond Fund Investor Shares (VCORX) has a higher volatility of 1.19% compared to Fidelity Municipal Income Fund (FHIGX) at 0.38%. This indicates that VCORX'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.