Fidelity Advisor High Income Fund Class I (FGTMX) 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 FGTMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGTMX
FGTMX charges 0.72% annually. There are 64 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | FGTMX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | FGTMX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FGTMX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | FGTMX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FGTMX vs CRDOX |
Best Risk-Adjusted Alternatives to FGTMX
FGTMX has a PortfoliosLab risk / return rank of 93. There are 19 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FGTMX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FGTMX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | FGTMX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 96 | — | Jul 2014 | FGTMX vs CWFIX | |
| American Beacon SiM High Yield Opportunities Fund ... | 96 | — | Feb 2011 | FGTMX vs SHOYX |
Top Performing FGTMX Alternatives (YTD)
FGTMX is at 3.43% YTD. There are 13 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.24% | — | Nov 1977 | FGTMX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | FGTMX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.38% | — | Oct 2018 | FGTMX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.33% | — | Jul 1995 | FGTMX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.20% | — | Jan 1987 | FGTMX vs FAHYX |
Lowest Volatility Alternatives to FGTMX
FGTMX has 3.45% 1-year volatility. There are 126 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | FGTMX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | FGTMX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | FGTMX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FGTMX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FGTMX vs OSTIX |
Lowest Drawdown Alternatives to FGTMX
FGTMX has a 1-year max drawdown of -2.33%. There are 75 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | FGTMX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FGTMX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FGTMX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FGTMX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FGTMX 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 | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 66 | 10.89% | — | Feb 1988 | FGTMX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 86.42% | — | Jul 1985 | FGTMX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.17% | — | — | FGTMX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 27 | 7.15% | — | — | FGTMX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.22% | — | — | FGTMX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 71 | 18.19% | — | Dec 1987 | FGTMX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 37 | 8.62% | 176.32B | May 1967 | FGTMX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 63 | 10.70% | — | — | FGTMX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 8.67% | — | Nov 1997 | FGTMX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 14.49% | — | Jun 2016 | FGTMX vs FTIHX |
Often Compared With FGTMX
Investors most often compare FGTMX with QQQ, THHYX, PRCPX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FGTMX with Any Fund or Stock
Compare FGTMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGTMX with funds that move differently
Fidelity Advisor High Income Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGTMX.
Explore FGTMX Diversifiers