John Hancock Financial Industries Fund (FIDAX) belongs to the Financials Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FIDAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FIDAX
FIDAX charges 1.24% annually. There are 14 mutual funds in the Financials Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Financials Index Fund Admiral Shares | 0.09% | 13.50B | Feb 2004 | FIDAX vs VFAIX | |
| Fidelity Advisor Financial Services Fund Class Z | 0.64% | — | Oct 2018 | FIDAX vs FIKBX | |
| Fidelity Select Financial Services Portfolio | 0.73% | — | Dec 1981 | FIDAX vs FIDSX | |
| Fidelity Select Banking Portfolio | 0.73% | — | Jun 1986 | FIDAX vs FSRBX | |
| Fidelity Select Brokerage & Invmt Mgmt Portfolio | 0.75% | — | Jul 1985 | FIDAX vs FSLBX |
Best Risk-Adjusted Alternatives to FIDAX
FIDAX has a PortfoliosLab risk / return rank of 11. There are 17 mutual funds in the Financials Equities category with higher risk-adjusted ranks, going as high as 73.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Global Financial Services Fund | 73 | — | Oct 2018 | FIDAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 71 | — | Oct 2018 | FIDAX vs GAFSX | |
| RMB Mendon Financial Services Fund | 59 | — | Jun 1999 | FIDAX vs RMBKX | |
| Hennessy Small Cap Financial Fund | 38 | — | Jan 1997 | FIDAX vs HSFNX | |
| Rydex Banking Fund | 36 | — | Apr 1998 | FIDAX vs RYKIX |
Top Performing FIDAX Alternatives (YTD)
FIDAX is at 2.64% YTD. There are 13 mutual funds in the Financials Equities category with higher YTD returns, going as high as 13.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund | 13.40% | — | Jun 1999 | FIDAX vs RMBKX | |
| John Hancock Regional Bank Fund | 12.63% | — | Jan 1992 | FIDAX vs FRBAX | |
| John Hancock Financial Opportunities Fund | 12.49% | — | Aug 1994 | FIDAX vs BTO | |
| Hennessy Small Cap Financial Fund | 11.31% | — | Jan 1997 | FIDAX vs HSFNX | |
| Fidelity Select Banking Portfolio | 10.54% | — | Jun 1986 | FIDAX vs FSRBX |
Lowest Volatility Alternatives to FIDAX
FIDAX has 16.15% 1-year volatility. There are 16 mutual funds in the Financials Equities category with lower 1-year volatility, going as low as 7.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Flaherty & Crumrine Total Return Fund Inc | 7.22% | — | Aug 2003 | FIDAX vs FLC | |
| Saratoga Financial Service Fund | 9.55% | — | Aug 2000 | FIDAX vs SFPAX | |
| Gabelli Global Financial Services Fund | 12.78% | — | Oct 2018 | FIDAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 12.82% | — | Oct 2018 | FIDAX vs GAFSX | |
| ICON Consumer Select Fund | 14.09% | — | Jul 1997 | FIDAX vs ICFSX |
Lowest Drawdown Alternatives to FIDAX
FIDAX has a 1-year max drawdown of -13.82%. There are 15 mutual funds in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -4.86%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Saratoga Financial Service Fund | -4.86% | — | Aug 2000 | FIDAX vs SFPAX | |
| Flaherty & Crumrine Total Return Fund Inc | -8.34% | — | Aug 2003 | FIDAX vs FLC | |
| Gabelli Global Financial Services Fund | -9.42% | — | Oct 2018 | FIDAX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | -9.47% | — | Oct 2018 | FIDAX vs GAFSX | |
| RMB Mendon Financial Services Fund | -9.48% | — | Jun 1999 | FIDAX vs RMBKX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 30 | 11.26% | — | Sep 2021 | FIDAX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 9.77% | — | Jul 1993 | FIDAX vs WFSPX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 96 | 13.03% | — | Dec 2012 | FIDAX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 12.39% | — | May 2011 | FIDAX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.90% | — | Dec 1991 | FIDAX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 28 | 1.80% | — | Aug 2005 | FIDAX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 64 | 11.89% | — | Jul 2010 | FIDAX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 69 | 43.67% | — | Apr 2000 | FIDAX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 79 | 7.45% | — | Oct 2007 | FIDAX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 77 | 14.17% | — | Sep 1999 | FIDAX vs FAMRX |
Often Compared With FIDAX
Investors most often compare FIDAX with QQQ, NASDX, FMUSX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FIDAX with Any Fund or Stock
Compare FIDAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FIDAX with funds that move differently
John Hancock Financial Industries Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FIDAX.
Explore FIDAX Diversifiers