Fidelity Advisor High Income Advantage Fund Class C (FAHEX) 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 FAHEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAHEX
FAHEX charges 1.75% annually. There are 170 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 | FAHEX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FAHEX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FAHEX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FAHEX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FAHEX vs CRDOX |
Best Risk-Adjusted Alternatives to FAHEX
FAHEX has a PortfoliosLab risk / return rank of 79. There are 71 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 | FAHEX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FAHEX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FAHEX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FAHEX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | FAHEX vs PSHNX |
Top Performing FAHEX Alternatives (YTD)
FAHEX is at 6.18% YTD. There are 7 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | FAHEX vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | FAHEX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | FAHEX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | FAHEX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | FAHEX vs FAHCX |
Lowest Volatility Alternatives to FAHEX
FAHEX has 6.13% 1-year volatility. There are 173 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | FAHEX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | FAHEX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | FAHEX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FAHEX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | FAHEX vs OSTIX |
Lowest Drawdown Alternatives to FAHEX
FAHEX has a 1-year max drawdown of -3.14%. There are 164 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 | FAHEX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FAHEX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FAHEX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FAHEX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FAHEX 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 | 63 | 11.06% | — | Feb 1988 | FAHEX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.83% | — | Jul 1985 | FAHEX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.89% | — | — | FAHEX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.88% | — | — | FAHEX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 19 | 5.06% | — | — | FAHEX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.81% | — | Dec 1987 | FAHEX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.81% | 176.32B | May 1967 | FAHEX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 11.15% | — | — | FAHEX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.41% | — | Nov 1997 | FAHEX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 55 | 13.57% | — | Jun 2016 | FAHEX vs FTIHX |
Often Compared With FAHEX
Investors most often compare FAHEX with AMHYX, NHINX, BCGIX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare FAHEX with Any Fund or Stock
Compare FAHEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAHEX with funds that move differently
Fidelity Advisor High Income Advantage Fund Class C alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAHEX.
Explore FAHEX Diversifiers