Fidelity Advisor New Markets Income Fund Class Z (FGBMX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FGBMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGBMX
FGBMX charges 0.73% annually. There are 14 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | FGBMX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | FGBMX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | FGBMX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | FGBMX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | FGBMX vs GMOQX |
Best Risk-Adjusted Alternatives to FGBMX
FGBMX has a PortfoliosLab risk / return rank of 94. There are 11 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | FGBMX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | FGBMX vs AGEPX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | FGBMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | FGBMX vs GMCDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Sep 2015 | FGBMX vs EIDOX |
Top Performing FGBMX Alternatives (YTD)
FGBMX is at 3.99% YTD. There are 22 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 20.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 20.35% | — | Dec 2010 | FGBMX vs EDF | |
| Morgan Stanley Emerging Markets Domestic Fund | 15.98% | — | Apr 2007 | FGBMX vs EDD | |
| GMO Emerging Country Debt Fund Class VI | 9.26% | — | Apr 1994 | FGBMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.23% | — | Apr 1994 | FGBMX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.24% | — | May 2006 | FGBMX vs FEMDX |
Lowest Volatility Alternatives to FGBMX
FGBMX has 4.40% 1-year volatility. There are 26 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | FGBMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.94% | — | Apr 2010 | FGBMX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | FGBMX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | FGBMX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.09% | — | Apr 2010 | FGBMX vs DBLEX |
Lowest Drawdown Alternatives to FGBMX
FGBMX has a 1-year max drawdown of -3.85%. There are 23 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | FGBMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | FGBMX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | FGBMX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | FGBMX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | FGBMX vs PYCEX |
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 | 60 | 9.32% | — | Feb 1988 | FGBMX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 93 | 74.56% | — | Jul 1985 | FGBMX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 10.19% | — | — | FGBMX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 62 | 10.23% | — | — | FGBMX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 3.44% | — | — | FGBMX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 60 | 15.38% | — | Dec 1987 | FGBMX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.20% | 176.32B | May 1967 | FGBMX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 56 | 9.14% | — | — | FGBMX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 34 | 9.70% | — | Nov 1997 | FGBMX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 13.39% | — | Jun 2016 | FGBMX vs FTIHX |
Compare FGBMX with Any Fund or Stock
Compare FGBMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGBMX with funds that move differently
Fidelity Advisor New Markets Income Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGBMX.
Explore FGBMX Diversifiers