FIMIX vs. IVV
Compare and contrast key facts about Fidelity Minnesota Municipal Income Fund (FIMIX) and iShares Core S&P 500 ETF (IVV).
FIMIX is managed by Fidelity. It was launched on Nov 21, 1985. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
FIMIX vs. IVV - Performance Comparison
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FIMIX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, FIMIX achieves a -1.21% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, FIMIX has underperformed IVV with an annualized return of 1.75%, while IVV has yielded a comparatively higher 14.02% 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%
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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FIMIX vs. IVV - Expense Ratio Comparison
FIMIX has a 0.49% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
FIMIX vs. IVV — Risk / Return Rank
FIMIX
IVV
FIMIX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Minnesota Municipal Income Fund (FIMIX) and iShares Core S&P 500 ETF (IVV). 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.
| FIMIX | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.97 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.49 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.53 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.19 | 7.32 | -3.13 |
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
| FIMIX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.97 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.70 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.78 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.42 | +0.64 |
Correlation
The correlation between FIMIX and IVV is -0.11. 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. IVV - Dividend Comparison
FIMIX's dividend yield for the trailing twelve months is around 2.73%, more than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
FIMIX vs. IVV - Drawdown Comparison
The maximum FIMIX drawdown since its inception was -12.52%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FIMIX and IVV.
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Drawdown Indicators
| FIMIX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -55.25% | +42.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -12.06% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -24.53% | +12.01% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | -33.90% | +21.38% |
Current DrawdownCurrent decline from peak | -3.16% | -6.26% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -10.85% | +9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.53% | -1.30% |
Volatility
FIMIX vs. IVV - Volatility Comparison
The current volatility for Fidelity Minnesota Municipal Income Fund (FIMIX) is 1.12%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that FIMIX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIMIX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 5.30% | -4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 9.45% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 18.31% | -13.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 16.89% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 18.04% | -14.41% |