Fidelity Strategic Income Fund (FADMX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FADMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FADMX
FADMX charges 0.64% annually. There are 20 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | FADMX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | FADMX vs VMSAX | |
| JPMorgan Income Fund Class I | 0.40% | — | Jun 2014 | FADMX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | FADMX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | FADMX vs MOFIX |
Best Risk-Adjusted Alternatives to FADMX
FADMX has a PortfoliosLab risk / return rank of 58. There are 25 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | FADMX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | FADMX vs NWXEX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | FADMX vs RFXIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | FADMX vs BWDTX | |
| Oaktree Diversified Income Fund Inc. Class D | 98 | — | Nov 2021 | FADMX vs ODIDX |
Top Performing FADMX Alternatives (YTD)
FADMX is at 1.84% YTD. There are 14 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Saba Capital Income & Opportunities Fund | 3.37% | — | Dec 1987 | FADMX vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.86% | — | May 2016 | FADMX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.67% | — | Nov 2015 | FADMX vs NWXHX | |
| abrdn Income Credit Strategies Fund | 2.65% | — | Jan 2011 | FADMX vs ACP | |
| Nationwide Strategic Income A | 2.60% | — | Nov 2015 | FADMX vs NWXEX |
Lowest Volatility Alternatives to FADMX
FADMX has 3.76% 1-year volatility. There are 60 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.17% | — | Nov 2015 | FADMX vs NWXHX | |
| Nationwide Strategic Income A | 1.24% | — | Nov 2015 | FADMX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | FADMX vs BWDTX | |
| Rational Special Situations Income Fund | 1.39% | — | Jul 2019 | FADMX vs RFXIX | |
| Oaktree Diversified Income Fund Inc. Class D | 1.47% | — | Nov 2021 | FADMX vs ODIDX |
Lowest Drawdown Alternatives to FADMX
FADMX has a 1-year max drawdown of -2.62%. There are 40 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | FADMX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | FADMX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | FADMX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | FADMX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | FADMX vs BWDTX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 59 | 10.13% | — | Feb 1988 | FADMX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 49.63% | — | Jul 1985 | FADMX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 59 | 10.58% | — | — | FADMX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 58 | 10.51% | — | — | FADMX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 10 | 0.30% | — | — | FADMX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 35 | 11.25% | — | Dec 1987 | FADMX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 23 | 6.89% | 176.32B | May 1967 | FADMX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 54 | 9.84% | — | — | FADMX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 11.79% | — | Nov 1997 | FADMX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 70 | 12.93% | — | Jun 2016 | FADMX vs FTIHX |
Often Compared With FADMX
Investors most often compare FADMX with FFRHX, FBND, SCHI. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FADMX with Any Fund or Stock
Compare FADMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FADMX with funds that move differently
Fidelity Strategic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FADMX.
Explore FADMX Diversifiers