Fidelity Advisor Multi-Asset Income Fund Class I (FAYZX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FAYZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAYZX
FAYZX charges 0.80% annually. There are 342 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | FAYZX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | FAYZX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 63.70B | Dec 2000 | FAYZX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | FAYZX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | FAYZX vs BWBIX |
Best Risk-Adjusted Alternatives to FAYZX
FAYZX has a PortfoliosLab risk / return rank of 28. There are 488 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | FAYZX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | FAYZX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | FAYZX vs NWQIX | |
| Davis Appreciation & Income Fund | 95 | — | Apr 1992 | FAYZX vs RPFCX | |
| Fidelity Strategic Real Return Fund | 95 | — | Sep 2005 | FAYZX vs FSRRX |
Top Performing FAYZX Alternatives (YTD)
FAYZX is at 4.06% YTD. There are 427 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 29.12% | — | Jan 1998 | FAYZX vs EKBAX | |
| ICON Equity Income Fund | 20.77% | — | May 2004 | FAYZX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 17.74% | — | Dec 2002 | FAYZX vs TIBIX | |
| Greenspring Fund | 16.72% | — | Jun 1983 | FAYZX vs GRSPX | |
| Bruce Fund | 16.02% | — | Mar 1968 | FAYZX vs BRUFX |
Lowest Volatility Alternatives to FAYZX
FAYZX has 11.01% 1-year volatility. There are 423 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.86% | — | Nov 2003 | FAYZX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.81% | — | Nov 2003 | FAYZX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.91% | — | Apr 2012 | FAYZX vs SCLAX | |
| Ave Maria Bond Fund | 3.00% | — | Apr 2003 | FAYZX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | FAYZX vs CSTAX |
Lowest Drawdown Alternatives to FAYZX
FAYZX has a 1-year max drawdown of -6.47%. There are 285 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | FAYZX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | FAYZX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | FAYZX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | FAYZX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | FAYZX vs CSTAX |
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 | 64 | 9.35% | — | Feb 1988 | FAYZX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 48.22% | — | Jul 1985 | FAYZX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 9.94% | — | — | FAYZX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 9.87% | — | — | FAYZX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 11 | -0.52% | — | — | FAYZX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 40 | 10.15% | — | Dec 1987 | FAYZX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 28 | 5.62% | 176.32B | May 1967 | FAYZX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 59 | 9.06% | — | — | FAYZX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 70 | 12.57% | — | Nov 1997 | FAYZX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 73 | 12.99% | — | Jun 2016 | FAYZX vs FTIHX |
Often Compared With FAYZX
Investors most often compare FAYZX with BAICX, ONIFX, FASMX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare FAYZX with Any Fund or Stock
Compare FAYZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAYZX with funds that move differently
Fidelity Advisor Multi-Asset Income Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAYZX.
Explore FAYZX Diversifiers