FMFMX vs. STXAX
Compare and contrast key facts about Fidelity Advisor Series Equity Growth Fund (FMFMX) and Western Asset Municipal High Income Fund (STXAX).
FMFMX is managed by Fidelity. It was launched on Jun 6, 2014. STXAX is managed by Franklin Templeton. It was launched on Nov 5, 1992.
Performance
FMFMX vs. STXAX - Performance Comparison
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FMFMX vs. STXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMFMX Fidelity Advisor Series Equity Growth Fund | -9.12% | 14.98% | 30.90% | 37.23% | -23.65% | 18.56% | 45.18% | 35.17% | -0.07% | 36.89% |
STXAX Western Asset Municipal High Income Fund | -0.56% | 4.23% | 3.41% | 7.63% | -11.29% | 3.36% | 3.77% | 8.18% | 1.08% | 6.82% |
Returns By Period
In the year-to-date period, FMFMX achieves a -9.12% return, which is significantly lower than STXAX's -0.56% return. Over the past 10 years, FMFMX has outperformed STXAX with an annualized return of 16.91%, while STXAX has yielded a comparatively lower 2.40% annualized return.
FMFMX
- 1D
- -0.82%
- 1M
- -8.90%
- YTD
- -9.12%
- 6M
- -8.61%
- 1Y
- 13.94%
- 3Y*
- 19.30%
- 5Y*
- 10.48%
- 10Y*
- 16.91%
STXAX
- 1D
- 0.24%
- 1M
- -2.84%
- YTD
- -0.56%
- 6M
- 0.88%
- 1Y
- 3.24%
- 3Y*
- 3.93%
- 5Y*
- 1.10%
- 10Y*
- 2.40%
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FMFMX vs. STXAX - Expense Ratio Comparison
FMFMX has a 0.00% expense ratio, which is lower than STXAX's 0.83% expense ratio.
Return for Risk
FMFMX vs. STXAX — Risk / Return Rank
FMFMX
STXAX
FMFMX vs. STXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Series Equity Growth Fund (FMFMX) and Western Asset Municipal High Income Fund (STXAX). 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.
| FMFMX | STXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.68 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.93 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.73 | +0.12 |
Martin ratioReturn relative to average drawdown | 3.03 | 2.07 | +0.96 |
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
| FMFMX | STXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.24 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.52 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.06 | -0.39 |
Correlation
The correlation between FMFMX and STXAX is 0.02, 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
FMFMX vs. STXAX - Dividend Comparison
FMFMX's dividend yield for the trailing twelve months is around 16.00%, more than STXAX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFMX Fidelity Advisor Series Equity Growth Fund | 16.00% | 14.54% | 28.50% | 5.57% | 5.69% | 16.12% | 27.01% | 13.51% | 9.43% | 18.29% | 0.12% | 0.15% |
STXAX Western Asset Municipal High Income Fund | 3.88% | 4.77% | 3.83% | 3.56% | 2.97% | 2.47% | 3.32% | 4.41% | 4.30% | 4.30% | 4.11% | 4.44% |
Drawdowns
FMFMX vs. STXAX - Drawdown Comparison
The maximum FMFMX drawdown since its inception was -36.89%, which is greater than STXAX's maximum drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for FMFMX and STXAX.
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Drawdown Indicators
| FMFMX | STXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.89% | -22.48% | -14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -6.11% | -6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -36.89% | -16.46% | -20.43% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | -16.46% | -20.43% |
Current DrawdownCurrent decline from peak | -18.67% | -2.84% | -15.83% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -2.22% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.16% | +1.49% |
Volatility
FMFMX vs. STXAX - Volatility Comparison
Fidelity Advisor Series Equity Growth Fund (FMFMX) has a higher volatility of 6.20% compared to Western Asset Municipal High Income Fund (STXAX) at 1.34%. This indicates that FMFMX's price experiences larger fluctuations and is considered to be riskier than STXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMFMX | STXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 1.34% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 2.00% | +10.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.63% | 6.14% | +15.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.77% | 4.70% | +20.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 4.62% | +18.25% |