Fidelity Advisor New Markets Income Fund Class M (FGWMX) 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 FGWMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FGWMX
FGWMX 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 | FGWMX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | FGWMX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.40% | — | Dec 2017 | FGWMX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | FGWMX vs SEDAX | |
| GMO Emerging Country Debt Fund Class VI | 0.51% | — | Apr 1994 | FGWMX vs GMOQX |
Best Risk-Adjusted Alternatives to FGWMX
FGWMX 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 Frontier Markets Income Fund | 98 | — | Feb 2014 | FGWMX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 98 | — | Feb 2014 | FGWMX vs AGEYX | |
| GMO Emerging Country Debt Fund Class VI | 98 | — | Apr 1994 | FGWMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 98 | — | Apr 1994 | FGWMX vs GMCDX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 98 | — | Apr 2014 | FGWMX vs DBLLX |
Top Performing FGWMX Alternatives (YTD)
FGWMX is at 3.83% YTD. There are 22 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 14.37% | — | Dec 2010 | FGWMX vs EDF | |
| GMO Emerging Country Debt Fund Class VI | 8.73% | — | Apr 1994 | FGWMX vs GMOQX | |
| GMO Emerging Country Debt Fund | 8.70% | — | Apr 1994 | FGWMX vs GMCDX | |
| Franklin Emerging Market Debt Opportunities Fund | 7.92% | — | May 2006 | FGWMX vs FEMDX | |
| American Beacon Frontier Markets Income Fund | 6.76% | — | Feb 2014 | FGWMX vs AGEPX |
Lowest Volatility Alternatives to FGWMX
FGWMX has 4.36% 1-year volatility. There are 23 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 | FGWMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.92% | — | Apr 2010 | FGWMX vs DLENX | |
| Payden Emerging Markets Corporate Bond Fund | 2.03% | — | Nov 2013 | FGWMX vs PYCEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.04% | — | May 2011 | FGWMX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.06% | — | Apr 2010 | FGWMX vs DBLEX |
Lowest Drawdown Alternatives to FGWMX
FGWMX 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 | FGWMX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | FGWMX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | FGWMX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | FGWMX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | FGWMX 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 | 73 | 11.71% | — | Feb 1988 | FGWMX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 85.56% | — | Jul 1985 | FGWMX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 12.01% | — | — | FGWMX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.60% | — | — | FGWMX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 12.08% | — | — | FGWMX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 18.56% | — | Dec 1987 | FGWMX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 7.76% | 176.32B | May 1967 | FGWMX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.56% | — | — | FGWMX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.51% | — | Nov 1997 | FGWMX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 58 | 15.53% | — | Jun 2016 | FGWMX vs FTIHX |
Often Compared With FGWMX
Investors most often compare FGWMX with FNDE, IEMG, VWO. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Schwab Fundamental Emerging Markets Large Company ... | Emerging Markets Equities | 72 | 15.56% | 9.61B | Aug 2013 | FGWMX vs FNDE | |
| iShares Core MSCI Emerging Markets ETF | Emerging Markets Diversified | 79 | 26.21% | 162.03B | Oct 2012 | FGWMX vs IEMG | |
| Vanguard FTSE Emerging Markets ETF | Emerging Markets Equities | 56 | 12.22% | 159.90B | Mar 2005 | FGWMX vs VWO | |
| Schwab Emerging Markets Equity ETF | Emerging Markets Equities | 54 | 11.88% | 12.74B | Jan 2010 | FGWMX vs SCHE | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.66% | — | Feb 2013 | FGWMX vs EELDX | |
| Amana Participation Fund | Emerging Markets Bonds | 45 | 0.26% | — | Sep 2015 | FGWMX vs AMAPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | Emerging Markets Bonds | 97 | 6.75% | — | Sep 2015 | FGWMX vs EIDOX | |
| Morgan Stanley Emerging Markets Domestic Fund | Emerging Markets Bonds | 15 | 3.21% | — | Apr 2007 | FGWMX vs EDD | |
| Delaware Emerging Markets Debt Corporate Fund | Emerging Markets Bonds | 90 | 1.26% | — | Sep 2013 | FGWMX vs DEDIX |
Compare FGWMX with Any Fund or Stock
Compare FGWMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FGWMX with funds that move differently
Fidelity Advisor New Markets Income Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGWMX.
Explore FGWMX Diversifiers