VCPAX vs. FHIGX
Compare and contrast key facts about Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and Fidelity Municipal Income Fund (FHIGX).
VCPAX is managed by Vanguard. It was launched on Oct 25, 2021. 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: VCPAX or FHIGX.
Performance
VCPAX vs. FHIGX - Performance Comparison
Returns By Period
In the year-to-date period, VCPAX achieves a 2.82% return, which is significantly higher than FHIGX's 2.33% return.
VCPAX
2.82%
-0.64%
3.46%
7.76%
N/A
N/A
FHIGX
2.33%
-0.07%
2.91%
6.99%
0.95%
2.05%
Key characteristics
| VCPAX | FHIGX | |
|---|---|---|
| Sharpe Ratio | 1.49 | 1.92 |
| Sortino Ratio | 2.19 | 2.88 |
| Omega Ratio | 1.26 | 1.44 |
| Calmar Ratio | 0.66 | 0.77 |
| Martin Ratio | 5.52 | 7.54 |
| Ulcer Index | 1.42% | 0.89% |
| Daily Std Dev | 5.25% | 3.48% |
| Max Drawdown | -17.25% | -16.91% |
| Current Drawdown | -4.78% | -2.80% |
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VCPAX vs. FHIGX - Expense Ratio Comparison
VCPAX has a 0.20% expense ratio, which is lower than FHIGX's 0.45% expense ratio.
Correlation
The correlation between VCPAX and FHIGX is 0.52, 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.
Risk-Adjusted Performance
VCPAX vs. FHIGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) 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
VCPAX vs. FHIGX - Dividend Comparison
VCPAX's dividend yield for the trailing twelve months is around 4.81%, more than FHIGX's 2.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares | 4.81% | 4.54% | 3.26% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHIGX Fidelity Municipal Income Fund | 2.93% | 2.84% | 2.72% | 2.40% | 2.58% | 2.79% | 2.99% | 3.05% | 3.40% | 3.43% | 3.51% | 3.91% |
Drawdowns
VCPAX vs. FHIGX - Drawdown Comparison
The maximum VCPAX drawdown since its inception was -17.25%, roughly equal to the maximum FHIGX drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for VCPAX and FHIGX. For additional features, visit the drawdowns tool.
Volatility
VCPAX vs. FHIGX - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) is 1.39%, while Fidelity Municipal Income Fund (FHIGX) has a volatility of 1.66%. This indicates that VCPAX experiences smaller price fluctuations and is considered to be less risky than FHIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.