FNYPX vs. NMTRX
Compare and contrast key facts about Fidelity Advisor New York Municipal Income Fund Class M (FNYPX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
FNYPX is managed by Fidelity. It was launched on Aug 1, 2002. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
FNYPX vs. NMTRX - Performance Comparison
Loading graphics...
FNYPX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.01% | 5.02% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, FNYPX achieves a -0.54% return, which is significantly lower than NMTRX's -0.12% return. Over the past 10 years, FNYPX has underperformed NMTRX with an annualized return of 1.58%, while NMTRX has yielded a comparatively higher 2.27% annualized 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%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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. NMTRX - Expense Ratio Comparison
FNYPX has a 0.74% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
FNYPX vs. NMTRX — Risk / Return Rank
FNYPX
NMTRX
FNYPX vs. NMTRX - 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 Nuveen Municipal Total Return Managed Accounts (NMTRX). 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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.84 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.16 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.99 | -0.05 |
Martin ratioReturn relative to average drawdown | 2.99 | 2.89 | +0.10 |
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 | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.84 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.10 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.52 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.97 | -0.41 |
Correlation
The correlation between FNYPX and NMTRX is 0.84, 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
FNYPX vs. NMTRX - Dividend Comparison
FNYPX's dividend yield for the trailing twelve months is around 2.65%, less than NMTRX's 4.19% 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% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
FNYPX vs. NMTRX - Drawdown Comparison
The maximum FNYPX drawdown since its inception was -17.16%, roughly equal to the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for FNYPX and NMTRX.
Loading graphics...
Drawdown Indicators
| FNYPX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -16.36% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -4.75% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.27% | -16.36% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -16.27% | -16.36% | +0.09% |
Current DrawdownCurrent decline from peak | -2.84% | -2.25% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -2.93% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.62% | +0.01% |
Volatility
FNYPX vs. NMTRX - Volatility Comparison
Fidelity Advisor New York Municipal Income Fund Class M (FNYPX) has a higher volatility of 1.35% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 1.07%. This indicates that FNYPX's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FNYPX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.07% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 1.82% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 4.93% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 3.97% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.23% | 4.38% | -0.15% |