Fidelity Arizona Municipal Income Fund (FSAZX) 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 FSAZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSAZX
FSAZX charges 0.55% annually. There are 187 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 | FSAZX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FSAZX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FSAZX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FSAZX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FSAZX vs FSMUX |
Best Risk-Adjusted Alternatives to FSAZX
FSAZX has a PortfoliosLab risk / return rank of 77. There are 237 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 | FSAZX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FSAZX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | FSAZX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | FSAZX vs DNYMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FSAZX vs TFCYX |
Top Performing FSAZX Alternatives (YTD)
FSAZX is at 1.96% YTD. There are 279 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 | FSAZX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.83% | — | Nov 2002 | FSAZX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 9.24% | — | Nov 2001 | FSAZX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 7.64% | — | Mar 1993 | FSAZX vs NPV | |
| BlackRock MuniHoldings California Quality Fund | 7.01% | — | Feb 1998 | FSAZX vs MUC |
Lowest Volatility Alternatives to FSAZX
FSAZX has 2.52% 1-year volatility. There are 203 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 | FSAZX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | FSAZX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FSAZX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | FSAZX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | FSAZX vs USMTX |
Lowest Drawdown Alternatives to FSAZX
FSAZX has a 1-year max drawdown of -2.81%. There are 248 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 | FSAZX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FSAZX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FSAZX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FSAZX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | FSAZX 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 | FSAZX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 94 | 80.55% | — | Jul 1985 | FSAZX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.04% | — | — | FSAZX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 11.11% | — | — | FSAZX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 5.32% | — | — | FSAZX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 63 | 17.40% | — | Dec 1987 | FSAZX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 34 | 10.48% | 176.32B | May 1967 | FSAZX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 56 | 10.04% | — | — | FSAZX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 33 | 10.08% | — | Nov 1997 | FSAZX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 14.09% | — | Jun 2016 | FSAZX vs FTIHX |
Often Compared With FSAZX
Investors most often compare FSAZX with AOR, VTEB, MIY. These 11 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FSAZX with Any Fund or Stock
Compare FSAZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSAZX with funds that move differently
Fidelity Arizona Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSAZX.
Explore FSAZX Diversifiers