FIJBX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor California Municipal Income Fund Class Z (FIJBX) and Fidelity 500 Index Fund (FXAIX).
FIJBX is managed by Fidelity. It was launched on Oct 2, 2018. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FIJBX vs. FXAIX - Performance Comparison
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FIJBX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIJBX Fidelity Advisor California Municipal Income Fund Class Z | -0.82% | 5.78% | 2.00% | 6.18% | -9.60% | 1.42% | 4.53% | 7.63% | 2.55% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -10.39% |
Returns By Period
In the year-to-date period, FIJBX achieves a -0.82% return, which is significantly higher than FXAIX's -4.34% return.
FIJBX
- 1D
- 0.33%
- 1M
- -2.70%
- YTD
- -0.82%
- 6M
- 0.77%
- 1Y
- 4.29%
- 3Y*
- 3.43%
- 5Y*
- 0.98%
- 10Y*
- —
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FIJBX vs. FXAIX - Expense Ratio Comparison
FIJBX has a 0.42% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FIJBX vs. FXAIX — Risk / Return Rank
FIJBX
FXAIX
FIJBX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor California Municipal Income Fund Class Z (FIJBX) and Fidelity 500 Index Fund (FXAIX). 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.
| FIJBX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.97 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.49 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.52 | -0.43 |
Martin ratioReturn relative to average drawdown | 3.90 | 7.30 | -3.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIJBX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.97 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.70 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.76 | -0.20 |
Correlation
The correlation between FIJBX and FXAIX is 0.03, 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
FIJBX vs. FXAIX - Dividend Comparison
FIJBX's dividend yield for the trailing twelve months is around 3.03%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIJBX Fidelity Advisor California Municipal Income Fund Class Z | 3.03% | 3.90% | 2.88% | 2.46% | 1.69% | 2.31% | 2.82% | 2.85% | 0.76% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FIJBX vs. FXAIX - Drawdown Comparison
The maximum FIJBX drawdown since its inception was -14.03%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIJBX and FXAIX.
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Drawdown Indicators
| FIJBX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -33.79% | +19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -12.13% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -14.03% | -24.50% | +10.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -3.01% | -6.23% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -3.83% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.53% | -1.14% |
Volatility
FIJBX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor California Municipal Income Fund Class Z (FIJBX) is 1.32%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that FIJBX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIJBX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 5.34% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 9.53% | -7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 18.32% | -13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 16.92% | -12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 18.05% | -13.57% |