Fidelity Advisor New York Municipal Income Fund Class Z (FIJAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Advisor New York Municipal Income Fund Class Z (FIJAX) is up 0.1% since the beginning of the year. FIJAX is currently trading at $12 per share. Investors who bought $1,000 worth of FIJAX shares 5 years ago would now be looking at an investment worth $1,016.

Fidelity Advisor New York Municipal Income Fund Class Z (FIJAX) has returned 0.11% so far this year and 5.28% over the past 12 months.

Based on dividend-adjusted daily data since Oct 17, 2018, FIJAX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +6.7%, while the worst month was Sep 2022 at -4.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FIJAX closed higher 41% of trading days. The best single day was Mar 25, 2020 with a return of +3.9%, while the worst single day was Mar 20, 2020 at -3.1%.

Fidelity Advisor New York Municipal Income Fund Class Z has an annualized alpha of 2.03%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 17, 2018.

• This fund participated in 23.87% of S&P 500 Index downside but only 15.87% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FIJAX has an expense ratio of 0.43%, placing it in the medium range.

FIJAX ranks 66 for risk / return — above 66% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.

Fidelity Advisor New York Municipal Income Fund Class Z provided a 2.78% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity Advisor New York Municipal Income Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Advisor New York Municipal Income Fund Class Z. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor New York Municipal Income Fund Class Z was 16.02%, occurring on Oct 25, 2022. Recovery took 742 trading sessions.

The current Fidelity Advisor New York Municipal Income Fund Class Z drawdown is 2.39%.

The chart below shows the rolling one-month volatility.