Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) 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 FFRAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFRAX
FFRAX charges 0.98% annually. There are 124 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 | FFRAX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FFRAX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FFRAX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FFRAX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FFRAX vs CRDOX |
Best Risk-Adjusted Alternatives to FFRAX
FFRAX has a PortfoliosLab risk / return rank of 89. There are 34 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 | FFRAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FFRAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FFRAX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | FFRAX vs PRFRX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | FFRAX vs SHOYX |
Top Performing FFRAX Alternatives (YTD)
FFRAX is at 1.14% YTD. There are 137 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 | FFRAX vs XILSX | |
| Fidelity Capital & Income Fund | 7.39% | — | Nov 1977 | FFRAX vs FAGIX | |
| Fairholme Focused Income Fund | 7.06% | — | Dec 2009 | FFRAX vs FOCIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.77% | — | Oct 2018 | FFRAX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.64% | — | Jul 1995 | FFRAX vs FAHCX |
Lowest Volatility Alternatives to FFRAX
FFRAX has 2.40% 1-year volatility. There are 15 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 | FFRAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | FFRAX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | FFRAX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | FFRAX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FFRAX vs OSTIX |
Lowest Drawdown Alternatives to FFRAX
FFRAX has a 1-year max drawdown of -1.21%. There are 10 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 | FFRAX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FFRAX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FFRAX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FFRAX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FFRAX 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 | FFRAX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 94 | 74.97% | — | Jul 1985 | FFRAX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 56 | 8.84% | — | — | FFRAX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 55 | 8.88% | — | — | FFRAX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 1.40% | — | — | FFRAX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 58 | 13.72% | — | Dec 1987 | FFRAX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 31 | 7.31% | 176.32B | May 1967 | FFRAX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 51 | 7.91% | — | — | FFRAX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 32 | 8.29% | — | Nov 1997 | FFRAX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 52 | 12.53% | — | Jun 2016 | FFRAX vs FTIHX |
Often Compared With FFRAX
Investors most often compare FFRAX with FFRHX, FFHCX, AGZD. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FFRAX with Any Fund or Stock
Compare FFRAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFRAX with funds that move differently
Fidelity Advisor Floating Rate High Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFRAX.
Explore FFRAX Diversifiers