See what your fund actually adds
Fidelity Advisor Intermediate Municipal Income Fund - Class A FZIAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FZIAX | Replication |
|---|---|---|
| Annualized growth | 0.2% | 0.5% |
| Annualized volatility | 4.1% | 4.0% |
| Sharpe ratio | 0.07 | 0.14 |
| Maximum drawdown | 10.0% | 9.8% |
| Replication fit (R²) | 0.98 · Tracking error 0.6% | |
Replication portfolio
The published portfolio below is the investable basket used to model FZIAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 78.0% |
| VGSH | FI · Short Gov | 17.0% |
| STIP | FI · Short TIPS | 5.0% |