FIMIX vs. FDMMX
Compare and contrast key facts about Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity Massachusetts Municipal Income Fund (FDMMX).
FIMIX is managed by Fidelity. It was launched on Nov 21, 1985. FDMMX is managed by Fidelity. It was launched on Nov 10, 1983.
Performance
FIMIX vs. FDMMX - Performance Comparison
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FIMIX vs. FDMMX - 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% |
FDMMX Fidelity Massachusetts Municipal Income Fund | -0.72% | 5.24% | 1.27% | 5.76% | -9.67% | 1.11% | 4.27% | 7.09% | -0.13% | 5.48% |
Returns By Period
In the year-to-date period, FIMIX achieves a -1.21% return, which is significantly lower than FDMMX's -0.72% return. Both investments have delivered pretty close results over the past 10 years, with FIMIX having a 1.75% annualized return and FDMMX not far behind at 1.67%.
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%
FDMMX
- 1D
- 0.18%
- 1M
- -2.74%
- YTD
- -0.72%
- 6M
- 1.12%
- 1Y
- 4.06%
- 3Y*
- 3.08%
- 5Y*
- 0.62%
- 10Y*
- 1.67%
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FIMIX vs. FDMMX - Expense Ratio Comparison
FIMIX has a 0.49% expense ratio, which is higher than FDMMX's 0.45% expense ratio.
Return for Risk
FIMIX vs. FDMMX — Risk / Return Rank
FIMIX
FDMMX
FIMIX vs. FDMMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity Massachusetts Municipal Income Fund (FDMMX). 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 | FDMMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.15 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.54 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.23 | -0.09 |
Martin ratioReturn relative to average drawdown | 4.19 | 4.44 | -0.25 |
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 | FDMMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.15 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.17 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.44 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.11 | -0.05 |
Correlation
The correlation between FIMIX and FDMMX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIMIX vs. FDMMX - Dividend Comparison
FIMIX's dividend yield for the trailing twelve months is around 2.73%, which matches FDMMX's 2.72% 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% |
FDMMX Fidelity Massachusetts Municipal Income Fund | 2.72% | 3.54% | 2.67% | 2.43% | 1.46% | 2.31% | 2.23% | 2.63% | 2.76% | 2.99% | 4.56% | 3.20% |
Drawdowns
FIMIX vs. FDMMX - Drawdown Comparison
The maximum FIMIX drawdown since its inception was -12.52%, smaller than the maximum FDMMX drawdown of -18.98%. Use the drawdown chart below to compare losses from any high point for FIMIX and FDMMX.
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Drawdown Indicators
| FIMIX | FDMMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -18.98% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -4.14% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -13.70% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | -13.70% | +1.18% |
Current DrawdownCurrent decline from peak | -3.16% | -2.74% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -2.36% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.15% | +0.08% |
Volatility
FIMIX vs. FDMMX - Volatility Comparison
Fidelity Minnesota Municipal Income Fund (FIMIX) and Fidelity Massachusetts Municipal Income Fund (FDMMX) have volatilities of 1.12% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIMIX | FDMMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.12% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 1.67% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 4.22% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 3.62% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 3.83% | -0.20% |