BFK vs. FZROX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock Municipal Income Trust (BFK) and Fidelity ZERO Total Market Index Fund (FZROX).

FZROX is managed by Fidelity.

Performance

BFK vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Municipal Income Trust (BFK) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

BFK vs. FZROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BFK BlackRock Municipal Income Trust	1.60%	8.12%	3.80%	4.22%	-31.90%	5.20%	14.61%	22.06%	-4.77%
FZROX Fidelity ZERO Total Market Index Fund	-3.98%	17.23%	23.94%	26.20%	-19.21%	26.00%	20.51%	31.15%	-12.72%

Returns By Period

BFK

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FZROX

• 1D: 2.99%
• 1M: -5.06%
• YTD: -3.98%
• 6M: -1.97%
• 1Y: 17.77%
• 3Y*: 17.96%
• 5Y*: 10.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BFK vs. FZROX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZROX

FZROX Risk / Return Rank: 60
FZROX Sharpe Ratio Rank: 48
FZROX Sortino Ratio Rank: 54
FZROX Omega Ratio Rank: 56
FZROX Calmar Ratio Rank: 64
FZROX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BFK vs. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Municipal Income Trust (BFK) and Fidelity ZERO Total Market Index Fund (FZROX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BFK	FZROX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.63	—

Correlation

The correlation between BFK and FZROX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BFK vs. FZROX - Dividend Comparison

BFK's dividend yield for the trailing twelve months is around 5.45%, more than FZROX's 1.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFK BlackRock Municipal Income Trust	5.45%	5.98%	6.09%	3.95%	5.84%	4.52%	4.33%	4.74%	5.87%	5.63%	6.31%	6.11%
FZROX Fidelity ZERO Total Market Index Fund	1.07%	1.02%	1.16%	1.36%	1.57%	1.25%	1.27%	1.51%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	BFK	FZROX	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.96%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.12%	—
Current Drawdown Current decline from peak	—	-6.16%	—
Average Drawdown Average peak-to-trough decline	—	-5.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.58%	—

Volatility

Volatility by Period

	BFK	FZROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.28%	—