Fidelity Series Treasury Bill Index Fund (FHQFX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FHQFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FHQFX
FHQFX charges 0.00% annually. No mutual funds in the Ultrashort Bond category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | FHQFX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | FHQFX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | FHQFX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | FHQFX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | FHQFX vs DFYGX |
Best Risk-Adjusted Alternatives to FHQFX
FHQFX has a PortfoliosLab risk / return rank of 100. There are 4 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | FHQFX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | FHQFX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | FHQFX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | FHQFX vs PAIPX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | FHQFX vs BUBIX |
Top Performing FHQFX Alternatives (YTD)
FHQFX is at 1.41% YTD. There are 26 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | FHQFX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | FHQFX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | FHQFX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | FHQFX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | FHQFX vs TSDUX |
Lowest Volatility Alternatives to FHQFX
FHQFX has 1.14% 1-year volatility. There are 18 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | FHQFX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | FHQFX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | FHQFX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | FHQFX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | FHQFX vs BUBIX |
Lowest Drawdown Alternatives to FHQFX
FHQFX has a 1-year max drawdown of -0.10%. There is 1 mutual fund in the Ultrashort Bond category with a shallower 1-year drawdown, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | FHQFX vs UGSDX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | FHQFX vs NUSIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | FHQFX vs BUBSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | FHQFX vs MUIIX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | FHQFX vs TMPFX |
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 | 65 | 9.79% | — | Feb 1988 | FHQFX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 96 | 89.12% | — | Jul 1985 | FHQFX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 65 | 10.41% | — | — | FHQFX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 10.43% | — | — | FHQFX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 21 | 3.18% | — | — | FHQFX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 68 | 16.84% | — | Dec 1987 | FHQFX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 37 | 8.62% | 176.32B | May 1967 | FHQFX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 62 | 9.63% | — | — | FHQFX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 39 | 10.74% | — | Nov 1997 | FHQFX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 66 | 15.70% | — | Jun 2016 | FHQFX vs FTIHX |
Often Compared With FHQFX
Investors most often compare FHQFX with SGOV, FZOLX, HYSA. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FHQFX with Any Fund or Stock
Compare FHQFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FHQFX with funds that move differently
Fidelity Series Treasury Bill Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHQFX.
Explore FHQFX Diversifiers