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FIMIX vs. FSPSX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FIMIX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

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FIMIX vs. FSPSX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FIMIX
Fidelity Minnesota Municipal Income Fund
-1.21%5.80%1.22%5.02%-8.12%0.40%4.49%7.13%0.65%4.55%
FSPSX
Fidelity International Index Fund
-1.94%31.98%3.70%18.31%-14.23%11.45%8.16%22.03%-13.55%25.37%

Returns By Period

In the year-to-date period, FIMIX achieves a -1.21% return, which is significantly higher than FSPSX's -1.94% return. Over the past 10 years, FIMIX has underperformed FSPSX with an annualized return of 1.75%, while FSPSX has yielded a comparatively higher 8.65% annualized return.


FIMIX

1D
0.18%
1M
-3.16%
YTD
-1.21%
6M
0.56%
1Y
4.10%
3Y*
2.88%
5Y*
0.73%
10Y*
1.75%

FSPSX

1D
0.42%
1M
-10.86%
YTD
-1.94%
6M
2.58%
1Y
19.89%
3Y*
13.50%
5Y*
7.96%
10Y*
8.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FIMIX vs. FSPSX - Expense Ratio Comparison

FIMIX has a 0.49% expense ratio, which is higher than FSPSX's 0.04% expense ratio.


Return for Risk

FIMIX vs. FSPSX — Risk / Return Rank

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

FIMIX
FIMIX Risk / Return Rank: 5555
Overall Rank
FIMIX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
FIMIX Sortino Ratio Rank: 5252
Sortino Ratio Rank
FIMIX Omega Ratio Rank: 7878
Omega Ratio Rank
FIMIX Calmar Ratio Rank: 4646
Calmar Ratio Rank
FIMIX Martin Ratio Rank: 4040
Martin Ratio Rank

FSPSX
FSPSX Risk / Return Rank: 6464
Overall Rank
FSPSX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FSPSX Sortino Ratio Rank: 6262
Sortino Ratio Rank
FSPSX Omega Ratio Rank: 6060
Omega Ratio Rank
FSPSX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FSPSX Martin Ratio Rank: 6363
Martin Ratio Rank
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.

FIMIX vs. FSPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity International Index Fund (FSPSX). 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.


FIMIXFSPSXDifference

Sharpe ratio

Return per unit of total volatility

1.07

1.11

-0.05

Sortino ratio

Return per unit of downside risk

1.43

1.56

-0.13

Omega ratio

Gain probability vs. loss probability

1.30

1.23

+0.08

Calmar ratio

Return relative to maximum drawdown

1.14

1.54

-0.40

Martin ratio

Return relative to average drawdown

4.19

5.93

-1.74

FIMIX vs. FSPSX - Sharpe Ratio Comparison

The current FIMIX Sharpe Ratio is 1.07, which is comparable to the FSPSX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FIMIX and FSPSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FIMIXFSPSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

1.11

-0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.21

0.51

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.53

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.46

+0.61

Correlation

The correlation between FIMIX and FSPSX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Dividends

FIMIX vs. FSPSX - Dividend Comparison

FIMIX's dividend yield for the trailing twelve months is around 2.73%, less than FSPSX's 3.22% yield.


TTM20252024202320222021202020192018201720162015
FIMIX
Fidelity Minnesota Municipal Income Fund
2.73%3.57%2.66%2.29%1.44%1.81%2.12%2.56%2.63%2.53%3.25%2.90%
FSPSX
Fidelity International Index Fund
3.22%3.15%3.27%2.79%2.66%3.07%1.84%3.18%2.79%2.50%3.08%2.79%

Drawdowns

FIMIX vs. FSPSX - Drawdown Comparison

The maximum FIMIX drawdown since its inception was -12.52%, smaller than the maximum FSPSX drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for FIMIX and FSPSX.


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Drawdown Indicators


FIMIXFSPSXDifference

Max Drawdown

Largest peak-to-trough decline

-12.52%

-33.69%

+21.17%

Max Drawdown (1Y)

Largest decline over 1 year

-4.52%

-11.39%

+6.87%

Max Drawdown (5Y)

Largest decline over 5 years

-12.52%

-29.41%

+16.89%

Max Drawdown (10Y)

Largest decline over 10 years

-12.52%

-33.69%

+21.17%

Current Drawdown

Current decline from peak

-3.16%

-10.86%

+7.70%

Average Drawdown

Average peak-to-trough decline

-1.63%

-6.59%

+4.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.23%

2.96%

-1.73%

Volatility

FIMIX vs. FSPSX - Volatility Comparison

The current volatility for Fidelity Minnesota Municipal Income Fund (FIMIX) is 1.12%, while Fidelity International Index Fund (FSPSX) has a volatility of 7.04%. This indicates that FIMIX experiences smaller price fluctuations and is considered to be less risky than FSPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FIMIXFSPSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.12%

7.04%

-5.92%

Volatility (6M)

Calculated over the trailing 6-month period

1.70%

10.63%

-8.93%

Volatility (1Y)

Calculated over the trailing 1-year period

4.59%

16.79%

-12.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.51%

15.77%

-12.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.63%

16.47%

-12.84%