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Fidelity Advisor High Income Fund Class I (FGTMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 3, 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 FGTMX? The mutual funds below have the lowest correlation with FGTMX — 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 FGTMX.

Best Diversifiers for FGTMX

4 mutual funds have low correlation with FGTMX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.04, down from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FOCIX
Fairholme Focused Income Fund-0.040.210.32
50
High Yield BondsFGTMX vs FOCIX
CCLFX
Cliffwater Corporate Lending Fund0.080.100.12
100
High Yield BondsFGTMX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.100.060.05
100
High Yield BondsFGTMX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.200.200.28
100
High Yield BondsFGTMX vs RPHIX
RSIIX
RiverPark Strategic Income Fund0.400.360.41
67
High Yield BondsFGTMX vs RSIIX
See all 32 diversifiers for FGTMX

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