FZIIX vs. IDVO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Intermediate Municipal Income Fund Class I (FZIIX) and Amplify International Enhanced Dividend Income ETF (IDVO).

FZIIX is managed by Fidelity. It was launched on Oct 31, 2005. IDVO is an actively managed fund by Amplify. It was launched on Sep 8, 2022.

Performance

FZIIX vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Intermediate Municipal Income Fund Class I (FZIIX) and Amplify International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

FZIIX vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FZIIX Fidelity Advisor Intermediate Municipal Income Fund Class I	-0.83%	5.91%	1.02%	5.53%	0.38%
IDVO Amplify International Enhanced Dividend Income ETF	7.15%	36.46%	10.16%	17.53%	5.47%

Returns By Period

In the year-to-date period, FZIIX achieves a -0.83% return, which is significantly lower than IDVO's 7.15% return.

FZIIX

• 1D: 0.10%
• 1M: -2.78%
• YTD: -0.83%
• 6M: 0.57%
• 1Y: 4.17%
• 3Y*: 3.03%
• 5Y*: 1.07%
• 10Y*: 2.00%

IDVO

• 1D: 3.80%
• 1M: -5.12%
• YTD: 7.15%
• 6M: 11.86%
• 1Y: 36.67%
• 3Y*: 21.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FZIIX vs. IDVO - Expense Ratio Comparison

FZIIX has a 0.39% expense ratio, which is lower than IDVO's 0.65% expense ratio.

IDVO

Amplify International Enhanced Dividend Income ETF

FZIIX

Fidelity Advisor Intermediate Municipal Income Fund Class I

Return for Risk

FZIIX vs. IDVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FZIIX

FZIIX Risk / Return Rank: 73
FZIIX Sharpe Ratio Rank: 77
FZIIX Sortino Ratio Rank: 74
FZIIX Omega Ratio Rank: 89
FZIIX Calmar Ratio Rank: 63
FZIIX Martin Ratio Rank: 59

IDVO

IDVO Risk / Return Rank: 91
IDVO Sharpe Ratio Rank: 92
IDVO Sortino Ratio Rank: 92
IDVO Omega Ratio Rank: 93
IDVO Calmar Ratio Rank: 89
IDVO Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FZIIX vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Intermediate Municipal Income Fund Class I (FZIIX) and Amplify International Enhanced Dividend Income ETF (IDVO). 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.

	FZIIX	IDVO	Difference
Sharpe ratio Return per unit of total volatility	1.37	2.00	-0.63
Sortino ratio Return per unit of downside risk	1.85	2.61	-0.76
Omega ratio Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio Return relative to maximum drawdown	1.46	2.77	-1.32
Martin ratio Return relative to average drawdown	5.66	12.06	-6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FZIIX vs. IDVO - Sharpe Ratio Comparison

The current FZIIX Sharpe Ratio is 1.37, which is lower than the IDVO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FZIIX and IDVO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FZIIX	IDVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.00	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	1.32	-0.33

Correlation

The correlation between FZIIX and IDVO is 0.08, 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

FZIIX vs. IDVO - Dividend Comparison

FZIIX's dividend yield for the trailing twelve months is around 2.79%, less than IDVO's 5.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZIIX Fidelity Advisor Intermediate Municipal Income Fund Class I	2.79%	3.61%	2.41%	2.34%	1.31%	1.76%	2.10%	2.52%	2.58%	2.56%	3.11%	2.29%
IDVO Amplify International Enhanced Dividend Income ETF	5.54%	5.42%	6.14%	5.72%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FZIIX vs. IDVO - Drawdown Comparison

The maximum FZIIX drawdown since its inception was -10.95%, smaller than the maximum IDVO drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for FZIIX and IDVO.

Drawdown Indicators

	FZIIX	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-10.95%	-15.46%	+4.51%
Max Drawdown (1Y) Largest decline over 1 year	-3.56%	-12.81%	+9.25%
Max Drawdown (5Y) Largest decline over 5 years	-10.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-10.95%	—	—
Current Drawdown Current decline from peak	-2.78%	-6.50%	+3.72%
Average Drawdown Average peak-to-trough decline	-1.51%	-2.31%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	2.94%	-2.02%

Volatility

FZIIX vs. IDVO - Volatility Comparison

The current volatility for Fidelity Advisor Intermediate Municipal Income Fund Class I (FZIIX) is 0.91%, while Amplify International Enhanced Dividend Income ETF (IDVO) has a volatility of 8.13%. This indicates that FZIIX experiences smaller price fluctuations and is considered to be less risky than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FZIIX	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	8.13%	-7.22%
Volatility (6M) Calculated over the trailing 6-month period	1.46%	12.71%	-11.25%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	18.46%	-14.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	16.33%	-13.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.20%	16.33%	-13.13%