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VWITX vs. FHIGX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VWITXFHIGX
YTD Return2.30%2.90%
1Y Return7.04%8.33%
3Y Return (Ann)0.26%-0.35%
5Y Return (Ann)1.63%1.49%
10Y Return (Ann)2.41%2.76%
Sharpe Ratio2.242.12
Daily Std Dev3.11%4.00%
Max Drawdown-11.47%-22.10%
Current Drawdown0.00%-1.64%

Correlation

-0.50.00.51.00.8

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 2.30% return, which is significantly lower than FHIGX's 2.90% return. Over the past 10 years, VWITX has underperformed FHIGX with an annualized return of 2.41%, while FHIGX has yielded a comparatively higher 2.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


490.00%500.00%510.00%520.00%530.00%AprilMayJuneJulyAugustSeptember
515.71%
532.12%
VWITX
FHIGX

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VWITX vs. FHIGX - Expense Ratio Comparison

VWITX has a 0.17% expense ratio, which is lower than FHIGX's 0.45% expense ratio.


FHIGX
Fidelity Municipal Income Fund
Expense ratio chart for FHIGX: current value at 0.45% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.45%
Expense ratio chart for VWITX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%

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.


VWITX
Sharpe ratio
The chart of Sharpe ratio for VWITX, currently valued at 2.35, compared to the broader market-1.000.001.002.003.004.005.002.35
Sortino ratio
The chart of Sortino ratio for VWITX, currently valued at 3.79, compared to the broader market0.005.0010.003.79
Omega ratio
The chart of Omega ratio for VWITX, currently valued at 1.54, compared to the broader market1.002.003.004.001.54
Calmar ratio
The chart of Calmar ratio for VWITX, currently valued at 0.81, compared to the broader market0.005.0010.0015.0020.000.81
Martin ratio
The chart of Martin ratio for VWITX, currently valued at 7.86, compared to the broader market0.0020.0040.0060.0080.007.86
FHIGX
Sharpe ratio
The chart of Sharpe ratio for FHIGX, currently valued at 2.12, compared to the broader market-1.000.001.002.003.004.005.002.12
Sortino ratio
The chart of Sortino ratio for FHIGX, currently valued at 3.29, compared to the broader market0.005.0010.003.29
Omega ratio
The chart of Omega ratio for FHIGX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for FHIGX, currently valued at 0.66, compared to the broader market0.005.0010.0015.0020.000.66
Martin ratio
The chart of Martin ratio for FHIGX, currently valued at 6.98, compared to the broader market0.0020.0040.0060.0080.006.98

VWITX vs. FHIGX - Sharpe Ratio Comparison

The current VWITX Sharpe Ratio is 2.24, which roughly equals the FHIGX Sharpe Ratio of 2.12. The chart below compares the 12-month rolling Sharpe Ratio of VWITX and FHIGX.


Rolling 12-month Sharpe Ratio0.501.001.502.00AprilMayJuneJulyAugustSeptember
2.35
2.12
VWITX
FHIGX

Dividends

VWITX vs. FHIGX - Dividend Comparison

VWITX's dividend yield for the trailing twelve months is around 2.89%, which matches FHIGX's 2.88% yield.


TTM20232022202120202019201820172016201520142013
VWITX
Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares
2.89%2.71%2.43%2.19%2.31%2.59%2.81%2.72%2.81%2.89%3.05%3.19%
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

VWITX vs. FHIGX - Drawdown Comparison

The maximum VWITX drawdown since its inception was -11.47%, smaller than the maximum FHIGX drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for VWITX and FHIGX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%AprilMayJuneJulyAugustSeptember0
-1.64%
VWITX
FHIGX

Volatility

VWITX vs. FHIGX - Volatility Comparison

Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) and Fidelity Municipal Income Fund (FHIGX) have volatilities of 0.38% and 0.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%AprilMayJuneJulyAugustSeptember
0.38%
0.38%
VWITX
FHIGX