Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) 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 FFRTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFRTX
FFRTX 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 | FFRTX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | FFRTX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FFRTX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | FFRTX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FFRTX vs CRDOX |
Best Risk-Adjusted Alternatives to FFRTX
FFRTX has a PortfoliosLab risk / return rank of 91. There are 40 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 | FFRTX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FFRTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FFRTX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | FFRTX vs FSHNX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | FFRTX vs SHOYX |
Top Performing FFRTX Alternatives (YTD)
FFRTX is at 1.93% YTD. There are 61 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | FFRTX vs XILSX | |
| Fidelity Capital & Income Fund | 7.96% | — | Nov 1977 | FFRTX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.29% | — | Oct 2018 | FFRTX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.16% | — | Jul 1995 | FFRTX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.04% | — | Jan 1987 | FFRTX vs FAHYX |
Lowest Volatility Alternatives to FFRTX
FFRTX has 2.31% 1-year volatility. There are 14 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 | FFRTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | FFRTX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | FFRTX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FFRTX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FFRTX vs OSTIX |
Lowest Drawdown Alternatives to FFRTX
FFRTX has a 1-year max drawdown of -1.22%. There are 13 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 | FFRTX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FFRTX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FFRTX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FFRTX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FFRTX 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 | 75 | 11.56% | — | Feb 1988 | FFRTX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 74.49% | — | Jul 1985 | FFRTX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 11.76% | — | — | FFRTX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 33 | 9.01% | — | — | FFRTX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 11.81% | — | — | FFRTX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 17.66% | — | Dec 1987 | FFRTX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 39 | 8.01% | 176.32B | May 1967 | FFRTX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.27% | — | — | FFRTX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.06% | — | Nov 1997 | FFRTX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 59 | 14.72% | — | Jun 2016 | FFRTX vs FTIHX |
Often Compared With FFRTX
Investors most often compare FFRTX with VFSUX, FTHRX, RSIIX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FFRTX with Any Fund or Stock
Compare FFRTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFRTX with funds that move differently
Fidelity Advisor Floating Rate High Income Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFRTX.
Explore FFRTX Diversifiers