FGBMX Alternatives & Similar Mutual Funds

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
PYELX	Payden Emerging Markets Local Bond Fund	0.09%	—	Nov 2011	FGBMX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	FGBMX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.35%	—	Dec 2017	FGBMX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	FGBMX vs SEDAX
VEMBX	Vanguard Emerging Markets Bond Fund Investor Share...	0.50%	5.90B	Mar 2016	FGBMX vs VEMBX

Best Risk-Adjusted Alternatives to FGBMX

FGBMX has a PortfoliosLab risk / return rank of 90. There are 13 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
AGEYX	American Beacon Developing World Income Fund Class...	99	—	Feb 2014	FGBMX vs AGEYX
AGEPX	American Beacon Frontier Markets Income Fund	99	—	Feb 2014	FGBMX vs AGEPX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	—	Sep 2015	FGBMX vs EIDOX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	—	Feb 2013	FGBMX vs EELDX
APFOX	Artisan Emerging Markets Debt Opportunities Fund	98	—	Apr 2022	FGBMX vs APFOX

Top Performing FGBMX Alternatives (YTD)

FGBMX is at 2.62% YTD. There are 29 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.80%.

Symbol	Name	YTD Return	AUM	Inception
EDD	Morgan Stanley Emerging Markets Domestic Fund	14.80%	—	Apr 2007	FGBMX vs EDD
EDF	Virtus Stone Harbor Emerging Markets Income Fund	13.38%	—	Dec 2010	FGBMX vs EDF
FEMDX	Franklin Emerging Market Debt Opportunities Fund	8.72%	—	May 2006	FGBMX vs FEMDX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	8.53%	—	Sep 2015	FGBMX vs EIDOX
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	8.44%	—	Feb 2013	FGBMX vs EELDX

Lowest Volatility Alternatives to FGBMX

FGBMX has 4.41% 1-year volatility. There are 28 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.17%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.17%	—	Apr 2014	FGBMX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.98%	—	Apr 2010	FGBMX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.05%	—	Nov 2013	FGBMX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.05%	—	May 2011	FGBMX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.12%	—	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
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-0.92%	—	Apr 2014	FGBMX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	FGBMX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	FGBMX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	FGBMX vs SHCDX
PYCEX	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
FXAIX	Fidelity 500 Index Fund	S&P 500	64	9.35%	—	Feb 1988	FGBMX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	80	48.22%	—	Jul 1985	FGBMX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	64	9.94%	—	—	FGBMX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	63	9.87%	—	—	FGBMX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	11	-0.52%	—	—	FGBMX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	40	10.15%	—	Dec 1987	FGBMX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	28	5.62%	176.32B	May 1967	FGBMX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	59	9.06%	—	—	FGBMX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	70	12.57%	—	Nov 1997	FGBMX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	73	12.99%	—	Jun 2016	FGBMX vs FTIHX

Often Compared With FGBMX

Investors most often compare FGBMX with GMOQX, GMCDX. These 2 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GMOQX	GMO Emerging Country Debt Fund Class VI	Emerging Markets Bonds	98	8.19%	—	Apr 1994	FGBMX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	Emerging Markets Bonds	98	8.12%	—	Apr 1994	FGBMX vs GMCDX

Compare FGBMX with Any Fund or Stock

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

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Diversifiers

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

Fidelity Advisor New Markets Income Fund Class Z (FGBMX) Alternatives