Strategic Advisers Short Duration Fund (FAUDX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FAUDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAUDX
FAUDX charges 0.26% annually. There are 17 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | FAUDX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | FAUDX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FAUDX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FAUDX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | FAUDX vs DFYGX |
Best Risk-Adjusted Alternatives to FAUDX
FAUDX has a PortfoliosLab risk / return rank of 50. There are 65 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FAUDX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FAUDX vs BUBSX | |
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | FAUDX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | FAUDX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FAUDX vs PAIPX |
Top Performing FAUDX Alternatives (YTD)
FAUDX is at 0.30% YTD. There are 64 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Medalist Partners Short Duration Fund | 2.62% | — | Dec 2010 | FAUDX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | FAUDX vs PTSHX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.27% | — | Dec 2006 | FAUDX vs ENIAX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | FAUDX vs PAIPX | |
| Navigator Ultra Short Term Bond Fund | 2.18% | — | Mar 2019 | FAUDX vs NUSIX |
Lowest Volatility Alternatives to FAUDX
FAUDX has 1.53% 1-year volatility. There are 55 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Permanent Portfolio Short-Term Treasury Portfolio | 0.58% | — | Sep 1987 | FAUDX vs PRTBX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | FAUDX vs NUSIX | |
| Tactical Multi-Purpose Fund | 0.62% | — | Mar 2017 | FAUDX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.64% | — | Dec 2013 | FAUDX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 0.65% | — | Jul 1983 | FAUDX vs DFIHX |
Lowest Drawdown Alternatives to FAUDX
FAUDX has a 1-year max drawdown of -1.00%. There are 62 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | FAUDX vs FHQFX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | FAUDX vs FCNVX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | FAUDX vs MUIIX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | FAUDX vs PAIPX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FAUDX vs NUSIX |
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 | 75 | 11.76% | — | Feb 1988 | FAUDX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 82 | 51.40% | — | Jul 1985 | FAUDX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 76 | 12.27% | — | — | FAUDX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 75 | 12.20% | — | — | FAUDX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 2.47% | — | — | FAUDX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 49 | 13.81% | — | Dec 1987 | FAUDX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.08% | 176.32B | May 1967 | FAUDX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 72 | 11.48% | — | — | FAUDX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 12.40% | — | Nov 1997 | FAUDX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 71 | 13.68% | — | Jun 2016 | FAUDX vs FTIHX |
Often Compared With FAUDX
Investors most often compare FAUDX with TLDIX, VUG, NUSFX. These 14 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare FAUDX with Any Fund or Stock
Compare FAUDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAUDX with funds that move differently
Strategic Advisers Short Duration Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAUDX.
Explore FAUDX Diversifiers