Fidelity Advisor High Income Advantage Fund Class M (FAHYX) 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 FAHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAHYX
FAHYX charges 0.99% annually. There are 127 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 | FAHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FAHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FAHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FAHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FAHYX vs CRDOX |
Best Risk-Adjusted Alternatives to FAHYX
FAHYX has a PortfoliosLab risk / return rank of 88. There are 41 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 | FAHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FAHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FAHYX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | FAHYX vs PRFRX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | FAHYX vs SHOYX |
Top Performing FAHYX Alternatives (YTD)
FAHYX is at 6.56% YTD. There are 5 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 8.49% | — | Dec 2014 | FAHYX vs XILSX | |
| Fidelity Capital & Income Fund | 7.39% | — | Nov 1977 | FAHYX vs FAGIX | |
| Fairholme Focused Income Fund | 7.06% | — | Dec 2009 | FAHYX vs FOCIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.77% | — | Oct 2018 | FAHYX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.64% | — | Jul 1995 | FAHYX vs FAHCX |
Lowest Volatility Alternatives to FAHYX
FAHYX has 5.96% 1-year volatility. There are 174 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | FAHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | FAHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | FAHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | FAHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FAHYX vs OSTIX |
Lowest Drawdown Alternatives to FAHYX
FAHYX 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 | FAHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FAHYX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FAHYX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FAHYX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FAHYX 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 | 55 | 8.11% | — | Feb 1988 | FAHYX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 94 | 74.97% | — | Jul 1985 | FAHYX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 56 | 8.84% | — | — | FAHYX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 55 | 8.88% | — | — | FAHYX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 1.40% | — | — | FAHYX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 58 | 13.72% | — | Dec 1987 | FAHYX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 31 | 7.31% | 176.32B | May 1967 | FAHYX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 51 | 7.91% | — | — | FAHYX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 32 | 8.29% | — | Nov 1997 | FAHYX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 52 | 12.53% | — | Jun 2016 | FAHYX vs FTIHX |
Often Compared With FAHYX
Investors most often compare FAHYX with FDVV, RITGX, BCGIX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare FAHYX with Any Fund or Stock
Compare FAHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAHYX with funds that move differently
Fidelity Advisor High Income Advantage Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAHYX.
Explore FAHYX Diversifiers