Fidelity Advisor New Markets Income Fund Class A (FGVMX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FGVMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGVMX
FGVMX charges 1.13% annually. There are 60 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | FGVMX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | FGVMX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | FGVMX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | FGVMX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | FGVMX vs GMOQX |
Best Risk-Adjusted Alternatives to FGVMX
FGVMX has a PortfoliosLab risk / return rank of 93. There are 15 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | FGVMX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 98 | — | Feb 2014 | FGVMX vs AGEPX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | FGVMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | FGVMX vs GMCDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Sep 2015 | FGVMX vs EIDOX |
Top Performing FGVMX Alternatives (YTD)
FGVMX is at 3.83% YTD. There are 25 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 20.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 20.35% | — | Dec 2010 | FGVMX vs EDF | |
| Morgan Stanley Emerging Markets Domestic Fund | 15.98% | — | Apr 2007 | FGVMX vs EDD | |
| GMO Emerging Country Debt Fund Class VI | 9.26% | — | Apr 1994 | FGVMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 9.23% | — | Apr 1994 | FGVMX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 8.24% | — | May 2006 | FGVMX vs FEMDX |
Lowest Volatility Alternatives to FGVMX
FGVMX has 4.40% 1-year volatility. There are 26 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.15% | — | Apr 2014 | FGVMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.94% | — | Apr 2010 | FGVMX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | FGVMX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | FGVMX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.09% | — | Apr 2010 | FGVMX vs DBLEX |
Lowest Drawdown Alternatives to FGVMX
FGVMX has a 1-year max drawdown of -3.80%. There are 20 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | FGVMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | FGVMX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | FGVMX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | FGVMX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | FGVMX vs PYCEX |
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 | 60 | 9.32% | — | Feb 1988 | FGVMX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 93 | 74.56% | — | Jul 1985 | FGVMX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 10.19% | — | — | FGVMX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 62 | 10.23% | — | — | FGVMX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 3.44% | — | — | FGVMX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 60 | 15.38% | — | Dec 1987 | FGVMX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.20% | 176.32B | May 1967 | FGVMX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 56 | 9.14% | — | — | FGVMX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 34 | 9.70% | — | Nov 1997 | FGVMX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 56 | 13.39% | — | Jun 2016 | FGVMX vs FTIHX |
Often Compared With FGVMX
Investors most often compare FGVMX with EELDX. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 98 | 7.73% | — | Feb 2013 | FGVMX vs EELDX |
Compare FGVMX with Any Fund or Stock
Compare FGVMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGVMX with funds that move differently
Fidelity Advisor New Markets Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGVMX.
Explore FGVMX Diversifiers