FGYMX Alternatives & Similar Mutual Funds

Fidelity Advisor New Markets Income Fund Class C (FGYMX) 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 FGYMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FGYMX

FGYMX charges 1.86% annually. There are 74 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
PYELX	Payden Emerging Markets Local Bond Fund	0.09%	—	Nov 2011	FGYMX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	FGYMX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	—	Dec 2017	FGYMX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	FGYMX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	—	Apr 1994	FGYMX vs GMOQX

Best Risk-Adjusted Alternatives to FGYMX

FGYMX has a PortfoliosLab risk / return rank of 92. There are 19 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
AGEPX	American Beacon Frontier Markets Income Fund	98	—	Feb 2014	FGYMX vs AGEPX
AGEYX	American Beacon Developing World Income Fund Class...	98	—	Feb 2014	FGYMX vs AGEYX
GMOQX	GMO Emerging Country Debt Fund Class VI	98	—	Apr 1994	FGYMX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	98	—	Apr 1994	FGYMX vs GMCDX
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	98	—	Apr 2014	FGYMX vs DBLLX

Top Performing FGYMX Alternatives (YTD)

FGYMX is at 3.44% YTD. There are 26 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.37%.

Symbol	Name	YTD Return	AUM	Inception
EDF	Virtus Stone Harbor Emerging Markets Income Fund	14.37%	—	Dec 2010	FGYMX vs EDF
GMOQX	GMO Emerging Country Debt Fund Class VI	8.73%	—	Apr 1994	FGYMX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	8.70%	—	Apr 1994	FGYMX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	7.92%	—	May 2006	FGYMX vs FEMDX
AGEPX	American Beacon Frontier Markets Income Fund	6.76%	—	Feb 2014	FGYMX vs AGEPX

Lowest Volatility Alternatives to FGYMX

FGYMX has 4.38% 1-year volatility. There are 24 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
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.15%	—	Apr 2014	FGYMX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.92%	—	Apr 2010	FGYMX vs DLENX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.03%	—	Nov 2013	FGYMX vs PYCEX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.04%	—	May 2011	FGYMX vs SHCDX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.06%	—	Apr 2010	FGYMX vs DBLEX

Lowest Drawdown Alternatives to FGYMX

FGYMX has a 1-year max drawdown of -3.86%. There are 27 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
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	-0.92%	—	Apr 2014	FGYMX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	FGYMX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	FGYMX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	FGYMX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.37%	—	Nov 2013	FGYMX 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
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	FGYMX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	85.56%	—	Jul 1985	FGYMX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	12.01%	—	—	FGYMX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	32	8.60%	—	—	FGYMX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	12.08%	—	—	FGYMX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	18.56%	—	Dec 1987	FGYMX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	35	7.76%	176.32B	May 1967	FGYMX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.56%	—	—	FGYMX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.51%	—	Nov 1997	FGYMX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	58	15.53%	—	Jun 2016	FGYMX vs FTIHX

Often Compared With FGYMX

Investors most often compare FGYMX with EIDOX. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	97	6.75%	—	Sep 2015	FGYMX vs EIDOX

Compare FGYMX with Any Fund or Stock

Compare FGYMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FGYMX with funds that move differently

Fidelity Advisor New Markets Income Fund Class C alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FGYMX.

Explore FGYMX Diversifiers

Fidelity Advisor New Markets Income Fund Class C (FGYMX) Alternatives