Fidelity Advisor High Income Advantage Fund Class I (FAHCX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FAHCX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAHCX
FAHCX charges 0.74% annually. There are 68 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | FAHCX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FAHCX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FAHCX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FAHCX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FAHCX vs CRDOX |
Best Risk-Adjusted Alternatives to FAHCX
FAHCX has a PortfoliosLab risk / return rank of 83. There are 57 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FAHCX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FAHCX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FAHCX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FAHCX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | FAHCX vs PSHNX |
Top Performing FAHCX Alternatives (YTD)
FAHCX is at 6.18% YTD. There are 5 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fairholme Focused Income Fund | 10.25% | — | Dec 2009 | FAHCX vs FOCIX | |
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | FAHCX vs XILSX | |
| Fidelity Capital & Income Fund | 6.80% | — | Nov 1977 | FAHCX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.62% | — | Jan 1987 | FAHCX vs FAHYX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.24% | — | Oct 2018 | FAHCX vs FIQTX |
Lowest Volatility Alternatives to FAHCX
FAHCX has 6.19% 1-year volatility. There are 175 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | FAHCX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | FAHCX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | FAHCX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FAHCX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FAHCX vs OSTIX |
Lowest Drawdown Alternatives to FAHCX
FAHCX has a 1-year max drawdown of -3.13%. There are 162 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | FAHCX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FAHCX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FAHCX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FAHCX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FAHCX vs SCFIX |
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 | 60 | 10.18% | — | Feb 1988 | FAHCX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 89 | 60.71% | — | Jul 1985 | FAHCX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.00% | — | — | FAHCX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 10.98% | — | — | FAHCX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 3.03% | — | — | FAHCX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 52 | 14.20% | — | Dec 1987 | FAHCX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 9.37% | 176.32B | May 1967 | FAHCX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 58 | 10.25% | — | — | FAHCX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 9.38% | — | Nov 1997 | FAHCX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 50 | 11.66% | — | Jun 2016 | FAHCX vs FTIHX |
Often Compared With FAHCX
Investors most often compare FAHCX with FPFD, FSHNX, FMSDX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FAHCX with Any Fund or Stock
Compare FAHCX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAHCX with funds that move differently
Fidelity Advisor High Income Advantage Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAHCX.
Explore FAHCX Diversifiers