Fidelity Advisor High Income Fund Class Z (FGUMX) 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 FGUMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGUMX
FGUMX charges 0.64% annually. There are 38 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 | FGUMX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | FGUMX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FGUMX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | FGUMX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FGUMX vs CRDOX |
Best Risk-Adjusted Alternatives to FGUMX
FGUMX has a PortfoliosLab risk / return rank of 95. There are 16 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 | FGUMX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FGUMX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FGUMX vs RPHIX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | FGUMX vs SHOYX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | FGUMX vs FSHNX |
Top Performing FGUMX Alternatives (YTD)
FGUMX is at 3.73% YTD. There are 11 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.43% | — | Nov 1977 | FGUMX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | FGUMX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | FGUMX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | FGUMX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | FGUMX vs FAHYX |
Lowest Volatility Alternatives to FGUMX
FGUMX has 3.54% 1-year volatility. There are 142 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 | FGUMX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | FGUMX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | FGUMX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FGUMX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FGUMX vs OSTIX |
Lowest Drawdown Alternatives to FGUMX
FGUMX has a 1-year max drawdown of -2.21%. There are 57 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 | FGUMX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FGUMX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FGUMX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FGUMX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FGUMX 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 | 73 | 11.71% | — | Feb 1988 | FGUMX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 85.56% | — | Jul 1985 | FGUMX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 12.01% | — | — | FGUMX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.60% | — | — | FGUMX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 12.08% | — | — | FGUMX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 18.56% | — | Dec 1987 | FGUMX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 7.76% | 176.32B | May 1967 | FGUMX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.56% | — | — | FGUMX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.51% | — | Nov 1997 | FGUMX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 58 | 15.53% | — | Jun 2016 | FGUMX vs FTIHX |
Often Compared With FGUMX
Investors most often compare FGUMX with NWXHX, FQTIX, RSIIX. These 12 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FGUMX with Any Fund or Stock
Compare FGUMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGUMX with funds that move differently
Fidelity Advisor High Income Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGUMX.
Explore FGUMX Diversifiers