FNYPX vs. FNILX
Compare and contrast key facts about Fidelity Advisor New York Municipal Income Fund Class M (FNYPX) and Fidelity ZERO Large Cap Index Fund (FNILX).
FNYPX is managed by Fidelity. It was launched on Aug 1, 2002. FNILX is managed by Fidelity.
Performance
FNYPX vs. FNILX - Performance Comparison
Loading graphics...
FNYPX vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNYPX Fidelity Advisor New York Municipal Income Fund Class M | -0.54% | 4.66% | 0.82% | 6.98% | -11.23% | 2.07% | 3.85% | 7.51% | 1.39% |
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, FNYPX achieves a -0.54% return, which is significantly higher than FNILX's -4.59% return.
FNYPX
- 1D
- 0.33%
- 1M
- -2.45%
- YTD
- -0.54%
- 6M
- 1.03%
- 1Y
- 3.72%
- 3Y*
- 2.90%
- 5Y*
- 0.44%
- 10Y*
- 1.58%
FNILX
- 1D
- 2.92%
- 1M
- -4.98%
- YTD
- -4.59%
- 6M
- -2.55%
- 1Y
- 17.28%
- 3Y*
- 18.57%
- 5Y*
- 11.53%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNYPX vs. FNILX - Expense Ratio Comparison
FNYPX has a 0.74% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Return for Risk
FNYPX vs. FNILX — Risk / Return Rank
FNYPX
FNILX
FNYPX 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 M (FNYPX) 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.
| FNYPX | FNILX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.97 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.48 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.51 | -0.57 |
Martin ratioReturn relative to average drawdown | 2.99 | 7.14 | -4.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FNYPX | FNILX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.97 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.67 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.66 | -0.10 |
Correlation
The correlation between FNYPX and FNILX 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
FNYPX vs. FNILX - Dividend Comparison
FNYPX's dividend yield for the trailing twelve months is around 2.65%, more than FNILX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNYPX Fidelity Advisor New York Municipal Income Fund Class M | 2.65% | 3.43% | 2.11% | 2.17% | 1.62% | 2.27% | 2.49% | 2.59% | 2.53% | 3.36% | 3.93% | 3.54% |
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
FNYPX vs. FNILX - Drawdown Comparison
The maximum FNYPX 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 FNYPX and FNILX.
Loading graphics...
Drawdown Indicators
| FNYPX | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -33.76% | +16.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -12.18% | +6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.27% | -25.40% | +9.13% |
Max Drawdown (10Y)Largest decline over 10 years | -16.27% | — | — |
Current DrawdownCurrent decline from peak | -2.84% | -6.36% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -5.47% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.57% | -0.94% |
Volatility
FNYPX vs. FNILX - Volatility Comparison
The current volatility for Fidelity Advisor New York Municipal Income Fund Class M (FNYPX) is 1.35%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 5.33%. This indicates that FNYPX 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.
Loading graphics...
Volatility by Period
| FNYPX | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 5.33% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 9.59% | -7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 18.44% | -13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 17.27% | -13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 20.19% | -15.96% |