FIQZX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) and Fidelity Total Market Index Fund (FSKAX).
FIQZX is managed by Fidelity. It was launched on Oct 2, 2018. FSKAX is managed by Fidelity.
Performance
FIQZX vs. FSKAX - Performance Comparison
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FIQZX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQZX Fidelity Advisor Intermediate Municipal Income Fund Class Z | -0.91% | 6.10% | 1.69% | 5.56% | -6.70% | 0.87% | 4.60% | 6.39% | 2.16% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -10.87% |
Returns By Period
In the year-to-date period, FIQZX achieves a -0.91% return, which is significantly higher than FSKAX's -6.77% return.
FIQZX
- 1D
- 0.10%
- 1M
- -2.87%
- YTD
- -0.91%
- 6M
- 0.52%
- 1Y
- 4.30%
- 3Y*
- 3.29%
- 5Y*
- 1.33%
- 10Y*
- —
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FIQZX vs. FSKAX - Expense Ratio Comparison
FIQZX has a 0.27% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FIQZX vs. FSKAX — Risk / Return Rank
FIQZX
FSKAX
FIQZX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FIQZX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.83 | +0.53 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.29 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.04 | +0.43 |
Martin ratioReturn relative to average drawdown | 5.75 | 5.05 | +0.70 |
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
| FIQZX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.83 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.59 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.78 | -0.06 |
Correlation
The correlation between FIQZX and FSKAX is 0.04, 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
FIQZX vs. FSKAX - Dividend Comparison
FIQZX's dividend yield for the trailing twelve months is around 2.92%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQZX Fidelity Advisor Intermediate Municipal Income Fund Class Z | 2.92% | 3.78% | 2.96% | 2.47% | 1.58% | 1.70% | 2.23% | 2.44% | 0.65% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FIQZX vs. FSKAX - Drawdown Comparison
The maximum FIQZX drawdown since its inception was -10.85%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FIQZX and FSKAX.
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Drawdown Indicators
| FIQZX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.85% | -35.01% | +24.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -12.42% | +8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -10.85% | -25.39% | +14.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -2.87% | -8.92% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -4.05% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.57% | -1.66% |
Volatility
FIQZX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor Intermediate Municipal Income Fund Class Z (FIQZX) is 0.98%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FIQZX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQZX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 4.42% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 9.40% | -7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 18.50% | -14.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 17.38% | -14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.56% | 18.42% | -14.86% |