VWITX vs. FHIGX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Fidelity Municipal Income Fund (FHIGX).
VWITX is managed by Vanguard. It was launched on Sep 1, 1977. 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: VWITX or FHIGX.
Key characteristics
| VWITX | FHIGX | |
|---|---|---|
| YTD Return | 1.63% | 2.08% |
| 1Y Return | 6.78% | 8.29% |
| 3Y Return (Ann) | 0.11% | -0.71% |
| 5Y Return (Ann) | 1.42% | 1.00% |
| 10Y Return (Ann) | 2.27% | 2.03% |
| Sharpe Ratio | 2.39 | 2.15 |
| Sortino Ratio | 3.72 | 3.22 |
| Omega Ratio | 1.56 | 1.49 |
| Calmar Ratio | 1.02 | 0.77 |
| Martin Ratio | 9.41 | 8.79 |
| Ulcer Index | 0.73% | 0.86% |
| Daily Std Dev | 2.87% | 3.58% |
| Max Drawdown | -11.56% | -16.91% |
| Current Drawdown | -1.26% | -3.04% |
Correlation
The correlation between VWITX and FHIGX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VWITX vs. FHIGX - Performance Comparison
In the year-to-date period, VWITX achieves a 1.63% return, which is significantly lower than FHIGX's 2.08% return. Over the past 10 years, VWITX has outperformed FHIGX with an annualized return of 2.27%, while FHIGX has yielded a comparatively lower 2.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VWITX vs. FHIGX - Expense Ratio Comparison
VWITX has a 0.17% expense ratio, which is lower than FHIGX's 0.45% expense ratio.
Risk-Adjusted Performance
VWITX vs. FHIGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) 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
VWITX vs. FHIGX - Dividend Comparison
VWITX's dividend yield for the trailing twelve months is around 2.96%, more than FHIGX's 2.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 2.96% | 2.71% | 2.43% | 2.08% | 2.32% | 2.61% | 2.81% | 2.73% | 2.81% | 2.89% | 3.05% | 3.19% |
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
VWITX vs. FHIGX - Drawdown Comparison
The maximum VWITX drawdown since its inception was -11.56%, smaller than the maximum FHIGX drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for VWITX and FHIGX. For additional features, visit the drawdowns tool.
Volatility
VWITX vs. FHIGX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) is 1.38%, while Fidelity Municipal Income Fund (FHIGX) has a volatility of 1.73%. This indicates that VWITX 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.