FGMNX Alternatives & Similar Mutual Funds

Fidelity GNMA Fund (FGMNX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FGMNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FGMNX

FGMNX charges 0.45% annually. There are 35 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	FGMNX vs GUSTX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FGMNX vs FNBGX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	Dec 2005	FGMNX vs FUAMX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FGMNX vs FUMBX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	FGMNX vs FUTBX

Best Risk-Adjusted Alternatives to FGMNX

FGMNX has a PortfoliosLab risk / return rank of 30. There are 23 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	99	1.81B	May 1987	FGMNX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	FGMNX vs FEUGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	FGMNX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	93	—	Aug 2010	FGMNX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	92	33.80B	Dec 2009	FGMNX vs VSBSX

Top Performing FGMNX Alternatives (YTD)

FGMNX is at 0.02% YTD. There are 21 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.94%.

Symbol	Name	YTD Return	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	1.94%	—	Dec 1985	FGMNX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	1.79%	1.81B	May 1987	FGMNX vs DFFGX
MDSIX	Integrity Short Term Government Fund	1.60%	—	Jun 2011	FGMNX vs MDSIX
GUSTX	GMO U.S. Treasury Fund	1.59%	—	Mar 2009	FGMNX vs GUSTX
RFBAX	Davis Government Bond Fund	0.94%	—	Nov 1994	FGMNX vs RFBAX

Lowest Volatility Alternatives to FGMNX

FGMNX has 3.69% 1-year volatility. There are 42 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	0.81%	1.81B	May 1987	FGMNX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.27%	—	Mar 2009	FGMNX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.30%	—	Aug 2010	FGMNX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.30%	33.80B	Dec 2009	FGMNX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.37%	—	Dec 1985	FGMNX vs FEUGX

Lowest Drawdown Alternatives to FGMNX

FGMNX has a 1-year max drawdown of -2.54%. There are 31 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	FGMNX vs GUSTX
DFFGX	DFA Short-Term Government Portfolio	-0.30%	1.81B	May 1987	FGMNX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	FGMNX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	FGMNX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	FGMNX vs VSBIX

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	59	10.13%	—	Feb 1988	FGMNX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	80	49.63%	—	Jul 1985	FGMNX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	59	10.58%	—	—	FGMNX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	58	10.51%	—	—	FGMNX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	10	0.30%	—	—	FGMNX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	35	11.25%	—	Dec 1987	FGMNX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	23	6.89%	176.32B	May 1967	FGMNX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	54	9.84%	—	—	FGMNX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	64	11.79%	—	Nov 1997	FGMNX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	70	12.93%	—	Jun 2016	FGMNX vs FTIHX

Often Compared With FGMNX

Investors most often compare FGMNX with FSTGX, CLDAX, SHMMX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FSTGX	Fidelity Intermediate Government Income Fund	Government Bonds	19	-0.41%	—	May 1988	FGMNX vs FSTGX
CLDAX	Calvert Core Bond Fund	Intermediate Core Bond	11	-1.36%	—	Dec 2004	FGMNX vs CLDAX
SHMMX	Western Asset Managed Municipals Fund	Municipal Bonds	77	0.66%	—	Mar 1981	FGMNX vs SHMMX
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	14	-0.92%	—	Mar 1990	FGMNX vs FXNAX
FADMX	Fidelity Strategic Income Fund	Multisector Bonds	58	1.84%	—	Oct 1994	FGMNX vs FADMX
FTHRX	Fidelity Intermediate Bond Fund	Intermediate Core Bond, Actively Managed	21	-0.43%	—	May 1975	FGMNX vs FTHRX
VOO	Vanguard S&P 500 ETF	S&P 500	78	11.72%	1.70T	Sep 2010	FGMNX vs VOO
FGOVX	Fidelity Government Income Fund	Government Bonds	12	-0.91%	—	Apr 1979	FGMNX vs FGOVX
HLGAX	JPMorgan Government Bond Fund	Government Bonds	11	-1.30%	—	Feb 1993	FGMNX vs HLGAX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	29	-0.48%	—	Nov 1985	FGMNX vs PRGMX
LTUSX	Thornburg Limited Term U.S. Government Fund	Government Bonds	22	-0.14%	—	Nov 1987	FGMNX vs LTUSX
FTLTX	Fidelity Series Long-Term Treasury Bond Index Fund	Government Bonds	3	-3.70%	—	Jul 2016	FGMNX vs FTLTX
VLGIX	Vanguard Long-Term Treasury Index Fund Institution...	Government Bonds	4	-3.45%	—	Jul 2010	FGMNX vs VLGIX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	Government Bonds	3	-3.98%	—	Oct 2015	FGMNX vs FBLTX
SGINX	DWS GNMA Fund	Government Bonds	18	-0.99%	—	Jul 2000	FGMNX vs SGINX
SNGVX	SIT U.S. Government Securities Fund	Government Bonds	23	-0.22%	—	Jun 1987	FGMNX vs SNGVX
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	21	-0.46%	—	Jul 1997	FGMNX vs PDMIX
AMUSX	American Funds U.S. Government Securities Fund	Government Bonds	8	-1.86%	—	Oct 1985	FGMNX vs AMUSX
DPIGX	Dupree Intermediate Government Bond Series	Government Bonds	23	-0.43%	—	Jul 1992	FGMNX vs DPIGX
BIAZX	Brown Advisory Mortgage Securities Fund	Government Bonds	21	-0.85%	—	Dec 2013	FGMNX vs BIAZX

Compare FGMNX with Any Fund or Stock

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

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Diversifiers

Pair FGMNX with funds that move differently

Fidelity GNMA Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGMNX.

Explore FGMNX Diversifiers

Fidelity GNMA Fund (FGMNX) Alternatives