FGRMX Alternatives & Similar Mutual Funds

Fidelity Advisor High Income Fund Class M (FGRMX) 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 FGRMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FGRMX

FGRMX charges 1.00% annually. There are 132 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	FGRMX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	FGRMX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	FGRMX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	FGRMX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	FGRMX vs CRDOX

Best Risk-Adjusted Alternatives to FGRMX

FGRMX has a PortfoliosLab risk / return rank of 89. There are 30 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
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	FGRMX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	FGRMX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	FGRMX vs RPHIX
PRFRX	T. Rowe Price Floating Rate Fund	97	—	Jul 2011	FGRMX vs PRFRX
PSHNX	Penn Capital Short Duration High Income Fund	96	—	Jul 2017	FGRMX vs PSHNX

Top Performing FGRMX Alternatives (YTD)

FGRMX is at 3.42% YTD. There are 17 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.01%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	9.01%	—	Dec 2014	FGRMX vs XILSX
FOCIX	Fairholme Focused Income Fund	8.37%	—	Dec 2009	FGRMX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	7.84%	—	Nov 1977	FGRMX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.10%	—	Oct 2018	FGRMX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.05%	—	Jul 1995	FGRMX vs FAHCX

Lowest Volatility Alternatives to FGRMX

FGRMX has 3.37% 1-year volatility. There are 109 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.86%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.86%	—	Mar 2019	FGRMX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.86%	—	Sep 2010	FGRMX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	FGRMX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	FGRMX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.68%	—	Aug 2002	FGRMX vs OSTIX

Lowest Drawdown Alternatives to FGRMX

FGRMX has a 1-year max drawdown of -2.21%. There are 55 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
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	FGRMX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	FGRMX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	FGRMX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FGRMX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FGRMX 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
FXAIX	Fidelity 500 Index Fund	S&P 500	59	9.96%	—	Feb 1988	FGRMX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	93	71.48%	—	Jul 1985	FGRMX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	61	10.79%	—	—	FGRMX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	60	10.82%	—	—	FGRMX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	20	4.22%	—	—	FGRMX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	63	16.13%	—	Dec 1987	FGRMX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	38	10.07%	176.32B	May 1967	FGRMX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	55	9.80%	—	—	FGRMX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	31	8.82%	—	Nov 1997	FGRMX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	49	12.47%	—	Jun 2016	FGRMX vs FTIHX

Often Compared With FGRMX

Investors most often compare FGRMX with PYHRX, SHOYX, FAHYX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PYHRX	Payden High Income Fund	High Yield Bonds	93	2.44%	—	Dec 1997	FGRMX vs PYHRX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	2.58%	—	Feb 2011	FGRMX vs SHOYX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	86	6.86%	—	Jan 1987	FGRMX vs FAHYX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	2.40%	—	Feb 2011	FGRMX vs SHYPX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	94	3.42%	—	Mar 2011	FGRMX vs FSHNX
JGH	Nuveen Global High Income Fund	High Yield Bonds	11	5.25%	—	Nov 2014	FGRMX vs JGH

Compare FGRMX with Any Fund or Stock

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

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Diversifiers

Pair FGRMX with funds that move differently

Fidelity Advisor High Income Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGRMX.

Explore FGRMX Diversifiers

Fidelity Advisor High Income Fund Class M (FGRMX) Alternatives