FCNVX Alternatives & Similar Mutual Funds

Fidelity Conservative Income Bond Institutional Class (FCNVX) 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 FCNVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FCNVX

FCNVX charges 0.25% annually. There are 11 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.

Symbol	Name	Expense Ratio	AUM	Inception
FHCOX	Federated Hermes Conservative Microshort Fund	0.05%	—	Feb 2021	FCNVX vs FHCOX
DFIHX	DFA One Year Fixed Income Portfolio	0.13%	—	Jul 1983	FCNVX vs DFIHX
BUBIX	Baird Ultra Short Bond Fund Institutional Class	0.15%	—	Dec 2013	FCNVX vs BUBIX
CUTAX	Six Circles Tax Aware Ultra Short Duration Fund	0.15%	—	Jul 2018	FCNVX vs CUTAX
DFYGX	DFA Two-Year Government Portfolio	0.17%	—	Jun 1996	FCNVX vs DFYGX

Best Risk-Adjusted Alternatives to FCNVX

FCNVX has a PortfoliosLab risk / return rank of 100. There are 6 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
TMPFX	Tactical Multi-Purpose Fund	100	—	Mar 2017	FCNVX vs TMPFX
NUSIX	Navigator Ultra Short Term Bond Fund	100	—	Mar 2019	FCNVX vs NUSIX
BUBSX	Baird Ultra Short Bond Fund	100	—	Dec 2013	FCNVX vs BUBSX
DFIHX	DFA One Year Fixed Income Portfolio	100	—	Jul 1983	FCNVX vs DFIHX
PAIPX	PIMCO Short Asset Investment Fund	100	—	May 2012	FCNVX vs PAIPX

Top Performing FCNVX Alternatives (YTD)

FCNVX is at 1.82% YTD. There are 21 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.

Symbol	Name	YTD Return	AUM	Inception
SEMRX	Semper Short Duration Fund	2.62%	—	Dec 2010	FCNVX vs SEMRX
PTSHX	PIMCO Short Term Fund	2.39%	—	Oct 1987	FCNVX vs PTSHX
PAIPX	PIMCO Short Asset Investment Fund	2.23%	—	May 2012	FCNVX vs PAIPX
ENIAX	SEI Institutional Investments Trust Opportunistic ...	2.14%	—	Dec 2006	FCNVX vs ENIAX
TRBUX	T. Rowe Price Ultra Short-Term Bond Fund	2.12%	—	Dec 2012	FCNVX vs TRBUX

Lowest Volatility Alternatives to FCNVX

FCNVX has 1.18% 1-year volatility. There are 23 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.57%.

Symbol	Name	Volatility 1Y	AUM	Inception
TMPFX	Tactical Multi-Purpose Fund	0.57%	—	Mar 2017	FCNVX vs TMPFX
NUSIX	Navigator Ultra Short Term Bond Fund	0.61%	—	Mar 2019	FCNVX vs NUSIX
DFIHX	DFA One Year Fixed Income Portfolio	0.64%	—	Jul 1983	FCNVX vs DFIHX
BUBSX	Baird Ultra Short Bond Fund	0.65%	—	Dec 2013	FCNVX vs BUBSX
PRTBX	Permanent Portfolio Short-Term Treasury Portfolio	0.66%	—	Sep 1987	FCNVX vs PRTBX

Lowest Drawdown Alternatives to FCNVX

FCNVX has a 1-year max drawdown of -0.10%. No mutual funds in the Ultrashort Bond category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DFIHX	DFA One Year Fixed Income Portfolio	-0.10%	—	Jul 1983	FCNVX vs DFIHX
MUIIX	Morgan Stanley Institutional Fund Trust Ultra-Shor...	-0.10%	—	Apr 2016	FCNVX vs MUIIX
FHQFX	Fidelity Series Treasury Bill Index Fund	-0.10%	—	Aug 2018	FCNVX vs FHQFX
BUBSX	Baird Ultra Short Bond Fund	-0.10%	—	Dec 2013	FCNVX vs BUBSX
NUSIX	Navigator Ultra Short Term Bond Fund	-0.10%	—	Mar 2019	FCNVX 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
FXAIX	Fidelity 500 Index Fund	S&P 500	69	11.32%	—	Feb 1988	FCNVX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	89	62.20%	—	Jul 1985	FCNVX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	69	11.80%	—	—	FCNVX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	68	11.80%	—	—	FCNVX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	17	4.74%	—	—	FCNVX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	56	16.03%	—	Dec 1987	FCNVX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	38	10.69%	176.32B	May 1967	FCNVX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	65	11.11%	—	—	FCNVX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	45	10.82%	—	Nov 1997	FCNVX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	60	13.34%	—	Jun 2016	FCNVX vs FTIHX

Often Compared With FCNVX

Investors most often compare FCNVX with FLDR, FSHBX, FJTDX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FLDR	Fidelity Low Duration Bond Factor ETF	Short-Term Bond, Corporate Bonds	98	1.83%	1.91B	Jun 2018	FCNVX vs FLDR
FSHBX	Fidelity Short-Term Bond Fund	Total Bond Market	82	0.77%	—	Sep 1986	FCNVX vs FSHBX
FJTDX	Fidelity Flex Conservative Income Bond Fund	Total Bond Market	100	1.93%	—	May 2018	FCNVX vs FJTDX
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	27	0.14%	—	Mar 1990	FCNVX vs FXNAX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	Short-Term Bond, Government Bonds	51	0.35%	—	Dec 2005	FCNVX vs FUMBX
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	93	2.25%	—	Aug 2000	FCNVX vs FFRHX
WEFIX	Weitz Short Duration Income Fund	Short-Term Bond	95	1.50%	—	Dec 1988	FCNVX vs WEFIX
BND	Vanguard Total Bond Market ETF	Total Bond Market	36	0.26%	394.40B	Apr 2007	FCNVX vs BND
FIGB	Fidelity Investment Grade Bond ETF	Intermediate Core Bond	34	0.18%	507.01M	Mar 2021	FCNVX vs FIGB
FLTB	Fidelity Limited Term Bond ETF	Short-Term Bond	76	1.06%	407.87M	Oct 2014	FCNVX vs FLTB
FZOLX	Fidelity SAI Low Duration Income Fund	Ultrashort Bond	99	1.67%	—	Oct 2020	FCNVX vs FZOLX
BBBIX	BBH Limited Duration Fund	Ultrashort Bond	98	1.75%	—	Jul 2000	FCNVX vs BBBIX
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	Government Bonds, Ultrashort Bond	100	1.92%	46.75B	May 2007	FCNVX vs BIL
KO	The Coca-Cola Company		84	23.10%	—	—	FCNVX vs KO
FMSFX	Fidelity Mortgage Securities Fund	Total Bond Market	45	0.70%	—	Dec 1984	FCNVX vs FMSFX
FAPGX	Fidelity Sustainable Low Duration Bond	Ultrashort Bond	99	1.75%	—	Apr 2022	FCNVX vs FAPGX
PRWBX	T. Rowe Price Short-Term Bond Fund	Short-Term Bond	94	0.74%	—	Mar 1984	FCNVX vs PRWBX
BRCAX	Invesco Balanced-Risk Commodity Strategy Fund Clas...	Commodities	69	24.58%	—	Nov 2010	FCNVX vs BRCAX
FSHGX	Fidelity SAI High Income Fund	High Yield Bonds	92	3.46%	—	May 2021	FCNVX vs FSHGX
FTBFX	Fidelity Total Bond Fund	Intermediate Core-Plus Bond	31	0.28%	—	Oct 2002	FCNVX vs FTBFX

Compare FCNVX with Any Fund or Stock

Compare FCNVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FCNVX with funds that move differently

Fidelity Conservative Income Bond Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCNVX.

Explore FCNVX Diversifiers

Fidelity Conservative Income Bond Institutional Class (FCNVX) Alternatives