Fidelity Advisor New York Municipal Income Fund Class I (FEMIX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FEMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FEMIX
FEMIX charges 0.54% annually. There are 182 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FEMIX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FEMIX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FEMIX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FEMIX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FEMIX vs FSMUX |
Best Risk-Adjusted Alternatives to FEMIX
FEMIX has a PortfoliosLab risk / return rank of 74. There are 306 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | FEMIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FEMIX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | FEMIX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | FEMIX vs DNYMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FEMIX vs TFCYX |
Top Performing FEMIX Alternatives (YTD)
FEMIX is at 2.51% YTD. There are 161 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.08% | — | Apr 1998 | FEMIX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.83% | — | Nov 2002 | FEMIX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 9.24% | — | Nov 2001 | FEMIX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 7.64% | — | Mar 1993 | FEMIX vs NPV | |
| BlackRock MuniHoldings California Quality Fund | 7.01% | — | Feb 1998 | FEMIX vs MUC |
Lowest Volatility Alternatives to FEMIX
FEMIX has 3.01% 1-year volatility. There are 339 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | FEMIX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | FEMIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FEMIX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | FEMIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | FEMIX vs USMTX |
Lowest Drawdown Alternatives to FEMIX
FEMIX has a 1-year max drawdown of -3.32%. There are 425 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FEMIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FEMIX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FEMIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FEMIX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | FEMIX vs DFSMX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 60 | 10.20% | — | Feb 1988 | FEMIX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 94 | 80.55% | — | Jul 1985 | FEMIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.04% | — | — | FEMIX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 11.11% | — | — | FEMIX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 5.32% | — | — | FEMIX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 63 | 17.40% | — | Dec 1987 | FEMIX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 34 | 10.48% | 176.32B | May 1967 | FEMIX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 56 | 10.04% | — | — | FEMIX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 33 | 10.08% | — | Nov 1997 | FEMIX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 14.09% | — | Jun 2016 | FEMIX vs FTIHX |
Often Compared With FEMIX
Investors most often compare FEMIX with DIVO, APUSX, DCARX. These 10 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | Derivative Income | 56 | 5.41% | 7.20B | Dec 2016 | FEMIX vs DIVO | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 0 | -9.63% | — | Dec 2017 | FEMIX vs APUSX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 95 | 1.85% | — | Oct 2017 | FEMIX vs DCARX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 95 | 2.06% | — | Nov 2014 | FEMIX vs DMREX | |
| BlackRock MuniYield Michigan Quality Fund | Municipal Bonds | 33 | 6.66% | — | Oct 1992 | FEMIX vs MIY | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 85 | 2.63% | — | Jun 2012 | FEMIX vs FXIEX | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 50 | 4.07% | — | Apr 1987 | FEMIX vs NUV | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | FEMIX vs FGNSX | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 24 | 5.72% | — | Jul 1992 | FEMIX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 62 | 6.22% | — | Mar 1998 | FEMIX vs MUJ |
Compare FEMIX with Any Fund or Stock
Compare FEMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FEMIX with funds that move differently
Fidelity Advisor New York Municipal Income Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FEMIX.
Explore FEMIX Diversifiers