PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Fidelity Advisor High Income Fund Class C (FGSMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks a high level of current income; growth of capital may also be considered. 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 FGSMX? The mutual funds below have the lowest correlation with FGSMX — 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 FGSMX.

Best Diversifiers for FGSMX

3 mutual funds have low correlation with FGSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.070.100.11
100
High Yield BondsFGSMX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.100.060.05
100
High Yield BondsFGSMX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.220.220.28
100
High Yield BondsFGSMX vs RPHIX
PRFRX
T. Rowe Price Floating Rate Fund0.390.470.53
97
High Yield BondsFGSMX vs PRFRX
RSIIX
RiverPark Strategic Income Fund0.410.370.41
76
High Yield BondsFGSMX vs RSIIX
See all 32 diversifiers for FGSMX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements FGSMX

Add FGSMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with FGSMX