FGZMX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to FGZMX

FGZMX charges 0.83% annually. There are 26 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	FGZMX vs PYELX
IMCDX	Voya Emerging Markets Corporate Debt Fund	0.10%	—	Aug 2012	FGZMX vs IMCDX
VEGBX	Vanguard Emerging Markets Bond Fund Admiral Shares	0.40%	—	Dec 2017	FGZMX vs VEGBX
SEDAX	SEI Institutional Investments Trust Emerging Marke...	0.41%	—	Dec 2005	FGZMX vs SEDAX
GMOQX	GMO Emerging Country Debt Fund Class VI	0.51%	—	Apr 1994	FGZMX vs GMOQX

Best Risk-Adjusted Alternatives to FGZMX

FGZMX has a PortfoliosLab risk / return rank of 94. There are 12 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
AGEYX	American Beacon Developing World Income Fund Class...	99	—	Feb 2014	FGZMX vs AGEYX
AGEPX	American Beacon Frontier Markets Income Fund	98	—	Feb 2014	FGZMX vs AGEPX
GMOQX	GMO Emerging Country Debt Fund Class VI	98	—	Apr 1994	FGZMX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	98	—	Apr 1994	FGZMX vs GMCDX
EIDOX	Eaton Vance Emerging Markets Debt Opportunities Fu...	98	—	Sep 2015	FGZMX vs EIDOX

Top Performing FGZMX Alternatives (YTD)

FGZMX is at 4.05% YTD. There are 22 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 17.95%.

Symbol	Name	YTD Return	AUM	Inception
EDF	Virtus Stone Harbor Emerging Markets Income Fund	17.95%	—	Dec 2010	FGZMX vs EDF
EDD	Morgan Stanley Emerging Markets Domestic Fund	14.01%	—	Apr 2007	FGZMX vs EDD
GMOQX	GMO Emerging Country Debt Fund Class VI	9.17%	—	Apr 1994	FGZMX vs GMOQX
GMCDX	GMO Emerging Country Debt Fund	9.14%	—	Apr 1994	FGZMX vs GMCDX
FEMDX	Franklin Emerging Market Debt Opportunities Fund	8.88%	—	May 2006	FGZMX vs FEMDX

Lowest Volatility Alternatives to FGZMX

FGZMX has 4.36% 1-year volatility. There are 26 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.17%.

Symbol	Name	Volatility 1Y	AUM	Inception
DBLLX	DoubleLine Low Duration Emerging Markets Fixed Inc...	1.17%	—	Apr 2014	FGZMX vs DBLLX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	1.95%	—	Apr 2010	FGZMX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	2.03%	—	May 2011	FGZMX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	2.03%	—	Nov 2013	FGZMX vs PYCEX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	2.08%	—	Apr 2010	FGZMX vs DBLEX

Lowest Drawdown Alternatives to FGZMX

FGZMX has a 1-year max drawdown of -3.85%. There are 23 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	FGZMX vs DBLLX
DBLEX	DoubleLine Emerging Markets Fixed Income Fund	-1.81%	—	Apr 2010	FGZMX vs DBLEX
DLENX	DoubleLine Emerging Markets Fixed Income Fund Clas...	-1.83%	—	Apr 2010	FGZMX vs DLENX
SHCDX	Virtus Stone Harbor Emerg Mkts Corp Dbt	-1.90%	—	May 2011	FGZMX vs SHCDX
PYCEX	Payden Emerging Markets Corporate Bond Fund	-2.37%	—	Nov 2013	FGZMX 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	63	11.06%	—	Feb 1988	FGZMX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	92	69.83%	—	Jul 1985	FGZMX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	64	11.89%	—	—	FGZMX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	63	11.88%	—	—	FGZMX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	19	5.06%	—	—	FGZMX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	61	16.81%	—	Dec 1987	FGZMX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	38	10.81%	176.32B	May 1967	FGZMX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	61	11.15%	—	—	FGZMX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	36	10.41%	—	Nov 1997	FGZMX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	55	13.57%	—	Jun 2016	FGZMX vs FTIHX

Often Compared With FGZMX

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EELDX	Eaton Vance Emerging Markets Debt Opportunities Fu...	Emerging Markets Bonds	98	8.49%	—	Feb 2013	FGZMX vs EELDX

Compare FGZMX with Any Fund or Stock

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

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Diversifiers

Pair FGZMX with funds that move differently

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

Explore FGZMX Diversifiers

Fidelity Advisor New Markets Income Fund Class I (FGZMX) Alternatives