FNMAX vs. FNILX
Compare and contrast key facts about Fidelity Advisor New York Municipal Income Fund Class A (FNMAX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FNMAX is managed by Fidelity. It was launched on Aug 1, 2002. FNILX is managed by Fidelity.
Performance
FNMAX vs. FNILX - Performance Comparison
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FNMAX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNMAX Fidelity Advisor New York Municipal Income Fund Class A | -0.55% | 4.60% | 0.58% | 6.93% | -11.28% | 2.13% | 3.74% | 7.47% | 1.47% |
FNILX Fidelity ZERO Large Cap Index Fund | -4.59% | 17.81% | 25.47% | 27.45% | -19.37% | 26.67% | 21.13% | 31.79% | -13.60% |
Returns By Period
In the year-to-date period, FNMAX achieves a -0.55% return, which is significantly higher than FNILX's -4.59% return.
FNMAX
- 1D
- 0.33%
- 1M
- -2.46%
- YTD
- -0.55%
- 6M
- 1.01%
- 1Y
- 3.68%
- 3Y*
- 2.79%
- 5Y*
- 0.36%
- 10Y*
- 1.52%
FNILX
- 1D
- 2.92%
- 1M
- -4.98%
- YTD
- -4.59%
- 6M
- -2.55%
- 1Y
- 17.28%
- 3Y*
- 18.57%
- 5Y*
- 11.53%
- 10Y*
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FNMAX vs. FNILX - Expense Ratio Comparison
FNMAX has a 0.77% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FNMAX vs. FNILX — Risk / Return Rank
FNMAX
FNILX
FNMAX vs. FNILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New York Municipal Income Fund Class A (FNMAX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
| FNMAX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.97 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.48 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.51 | -0.58 |
Martin ratioReturn relative to average drawdown | 2.95 | 7.14 | -4.20 |
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
| FNMAX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.97 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.67 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.66 | -0.10 |
Correlation
The correlation between FNMAX and FNILX is 0.03, 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
FNMAX vs. FNILX - Dividend Comparison
FNMAX's dividend yield for the trailing twelve months is around 2.61%, more than FNILX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMAX Fidelity Advisor New York Municipal Income Fund Class A | 2.61% | 3.38% | 1.87% | 2.12% | 1.57% | 2.27% | 2.46% | 2.55% | 2.49% | 3.31% | 3.88% | 3.48% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.06% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNMAX vs. FNILX - Drawdown Comparison
The maximum FNMAX drawdown since its inception was -17.16%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for FNMAX and FNILX.
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Drawdown Indicators
| FNMAX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -33.76% | +16.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -12.18% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -25.40% | +9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -16.33% | — | — |
Current DrawdownCurrent decline from peak | -2.84% | -6.36% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -5.47% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.57% | -0.94% |
Volatility
FNMAX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Advisor New York Municipal Income Fund Class A (FNMAX) is 1.33%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 5.33%. This indicates that FNMAX experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMAX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 5.33% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 9.59% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 18.44% | -13.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 17.27% | -13.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 20.19% | -15.96% |