FZIAX vs. VEA
Compare and contrast key facts about Fidelity Advisor Intermediate Municipal Income Fund Class A (FZIAX) and Vanguard FTSE Developed Markets ETF (VEA).
FZIAX is managed by Fidelity. It was launched on Oct 31, 2005. VEA is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex US Index. It was launched on Jul 20, 2007.
Performance
FZIAX vs. VEA - Performance Comparison
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FZIAX vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZIAX Fidelity Advisor Intermediate Municipal Income Fund Class A | -0.68% | 5.58% | 0.80% | 5.17% | -7.11% | 0.70% | 4.21% | 6.21% | 0.91% | 4.25% |
VEA Vanguard FTSE Developed Markets ETF | 4.45% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Returns By Period
In the year-to-date period, FZIAX achieves a -0.68% return, which is significantly lower than VEA's 4.45% return. Over the past 10 years, FZIAX has underperformed VEA with an annualized return of 1.77%, while VEA has yielded a comparatively higher 9.55% annualized return.
FZIAX
- 1D
- 0.20%
- 1M
- -2.40%
- YTD
- -0.68%
- 6M
- 0.57%
- 1Y
- 3.81%
- 3Y*
- 2.83%
- 5Y*
- 0.88%
- 10Y*
- 1.77%
VEA
- 1D
- 1.65%
- 1M
- -5.45%
- YTD
- 4.45%
- 6M
- 9.91%
- 1Y
- 31.74%
- 3Y*
- 16.71%
- 5Y*
- 8.93%
- 10Y*
- 9.55%
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FZIAX vs. VEA - Expense Ratio Comparison
FZIAX has a 0.64% expense ratio, which is higher than VEA's 0.03% expense ratio.
Return for Risk
FZIAX vs. VEA — Risk / Return Rank
FZIAX
VEA
FZIAX vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Intermediate Municipal Income Fund Class A (FZIAX) and Vanguard FTSE Developed Markets ETF (VEA). 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.
| FZIAX | VEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.81 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.53 | 2.46 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.77 | -1.43 |
Martin ratioReturn relative to average drawdown | 5.06 | 10.77 | -5.71 |
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
| FZIAX | VEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.81 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.55 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.55 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.22 | +0.69 |
Correlation
The correlation between FZIAX and VEA is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FZIAX vs. VEA - Dividend Comparison
FZIAX's dividend yield for the trailing twelve months is around 2.54%, less than VEA's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIAX Fidelity Advisor Intermediate Municipal Income Fund Class A | 2.54% | 3.30% | 2.19% | 2.10% | 1.15% | 1.53% | 1.86% | 2.27% | 2.35% | 2.31% | 2.83% | 2.05% |
VEA Vanguard FTSE Developed Markets ETF | 2.88% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Drawdowns
FZIAX vs. VEA - Drawdown Comparison
The maximum FZIAX drawdown since its inception was -11.15%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for FZIAX and VEA.
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Drawdown Indicators
| FZIAX | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -60.68% | +49.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -11.63% | +8.07% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -29.71% | +18.56% |
Max Drawdown (10Y)Largest decline over 10 years | -11.15% | -35.73% | +24.58% |
Current DrawdownCurrent decline from peak | -2.68% | -7.20% | +4.52% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -13.39% | +11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.99% | -2.05% |
Volatility
FZIAX vs. VEA - Volatility Comparison
The current volatility for Fidelity Advisor Intermediate Municipal Income Fund Class A (FZIAX) is 1.01%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 7.92%. This indicates that FZIAX experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIAX | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 7.92% | -6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 11.68% | -10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 17.67% | -14.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 16.30% | -13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 17.26% | -14.07% |