FZIIX vs. NMTRX
Compare and contrast key facts about Fidelity Advisor Intermediate Municipal Income Fund Class I (FZIIX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
FZIIX is managed by Fidelity. It was launched on Oct 31, 2005. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
FZIIX vs. NMTRX - Performance Comparison
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FZIIX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FZIIX Fidelity Advisor Intermediate Municipal Income Fund Class I | -0.64% | 5.91% | 1.02% | 5.53% | -7.05% | 0.93% | 4.46% | 6.47% | 1.15% | 4.51% |
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, FZIIX achieves a -0.64% return, which is significantly lower than NMTRX's -0.12% return. Over the past 10 years, FZIIX has underperformed NMTRX with an annualized return of 2.02%, while NMTRX has yielded a comparatively higher 2.27% annualized return.
FZIIX
- 1D
- 0.20%
- 1M
- -2.40%
- YTD
- -0.64%
- 6M
- 0.67%
- 1Y
- 4.06%
- 3Y*
- 3.09%
- 5Y*
- 1.11%
- 10Y*
- 2.02%
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%
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FZIIX vs. NMTRX - Expense Ratio Comparison
FZIIX has a 0.39% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
FZIIX vs. NMTRX — Risk / Return Rank
FZIIX
NMTRX
FZIIX vs. NMTRX - 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 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.
| FZIIX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 0.84 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.16 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.99 | +0.47 |
Martin ratioReturn relative to average drawdown | 5.56 | 2.89 | +2.67 |
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
| FZIIX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.84 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.10 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.52 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.97 | +0.03 |
Correlation
The correlation between FZIIX and NMTRX is 0.79, 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
FZIIX vs. NMTRX - Dividend Comparison
FZIIX's dividend yield for the trailing twelve months is around 2.78%, less than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FZIIX Fidelity Advisor Intermediate Municipal Income Fund Class I | 2.78% | 3.61% | 2.41% | 2.34% | 1.31% | 1.76% | 2.10% | 2.52% | 2.58% | 2.56% | 3.11% | 2.29% |
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
FZIIX vs. NMTRX - Drawdown Comparison
The maximum FZIIX drawdown since its inception was -10.95%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for FZIIX and NMTRX.
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Drawdown Indicators
| FZIIX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.95% | -16.36% | +5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -4.75% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -10.95% | -16.36% | +5.41% |
Max Drawdown (10Y)Largest decline over 10 years | -10.95% | -16.36% | +5.41% |
Current DrawdownCurrent decline from peak | -2.59% | -2.25% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -2.93% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.62% | -0.69% |
Volatility
FZIIX vs. NMTRX - Volatility Comparison
The current volatility for Fidelity Advisor Intermediate Municipal Income Fund Class I (FZIIX) is 0.96%, while Nuveen Municipal Total Return Managed Accounts (NMTRX) has a volatility of 1.07%. This indicates that FZIIX experiences smaller price fluctuations and is considered to be less risky than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FZIIX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.07% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 1.82% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.93% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 3.97% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.20% | 4.38% | -1.18% |