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Fidelity Advisor High Income Fund Class A (FGQMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It potentially invests in non-income producing securities, including defaulted securities and common stocks. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers.

Looking to diversify beyond FGQMX? The mutual funds below have the lowest correlation with FGQMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FGQMX.

Best Diversifiers for FGQMX

3 mutual funds have low correlation with FGQMX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund0.090.070.06
100
High Yield BondsFGQMX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.120.090.11
100
High Yield BondsFGQMX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.250.210.28
100
High Yield BondsFGQMX vs RPHIX
RSIIX
RiverPark Strategic Income Fund0.430.380.42
74
High Yield BondsFGQMX vs RSIIX
PRFRX
T. Rowe Price Floating Rate Fund0.460.480.54
91
High Yield BondsFGQMX vs PRFRX
See all 33 diversifiers for FGQMX

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Diversification Analysis

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