FIKPX Alternatives & Similar Mutual Funds

Fidelity Advisor Government Income Fund Class Z (FIKPX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FIKPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FIKPX

FIKPX charges 0.36% annually. There are 31 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	FIKPX vs GUSTX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	0.03%	—	Oct 2015	FIKPX vs FBLTX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FIKPX vs FUMBX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	FIKPX vs FUTBX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	Dec 2005	FIKPX vs FUAMX

Best Risk-Adjusted Alternatives to FIKPX

FIKPX has a PortfoliosLab risk / return rank of 18. There are 56 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	FIKPX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	99	1.81B	May 1987	FIKPX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	FIKPX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	90	—	Aug 2010	FIKPX vs VSBIX
MDSIX	Integrity Short Term Government Fund	90	—	Jun 2011	FIKPX vs MDSIX

Top Performing FIKPX Alternatives (YTD)

FIKPX is at 0.12% YTD. There are 37 mutual funds in the Government Bonds category with higher YTD returns, going as high as 2.16%.

Symbol	Name	YTD Return	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	2.16%	—	Dec 1985	FIKPX vs FEUGX
MDSIX	Integrity Short Term Government Fund	2.09%	—	Jun 2011	FIKPX vs MDSIX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	1.76%	6.60B	Feb 2015	FIKPX vs VGIVX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	1.70%	6.60B	May 2013	FIKPX vs VGAVX
GUSTX	GMO U.S. Treasury Fund	1.59%	—	Mar 2009	FIKPX vs GUSTX

Lowest Volatility Alternatives to FIKPX

FIKPX has 3.69% 1-year volatility. There are 38 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.77%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	0.77%	1.81B	May 1987	FIKPX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.27%	—	Mar 2009	FIKPX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.29%	—	Aug 2010	FIKPX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.30%	33.90B	Dec 2009	FIKPX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.36%	—	Dec 1985	FIKPX vs FEUGX

Lowest Drawdown Alternatives to FIKPX

FIKPX has a 1-year max drawdown of -2.93%. There are 37 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	FIKPX vs GUSTX
DFFGX	DFA Short-Term Government Portfolio	-0.30%	1.81B	May 1987	FIKPX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	FIKPX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	FIKPX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	FIKPX vs VSBIX

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	FIKPX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	92	69.83%	—	Jul 1985	FIKPX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	64	11.89%	—	—	FIKPX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	63	11.88%	—	—	FIKPX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	19	5.06%	—	—	FIKPX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	61	16.81%	—	Dec 1987	FIKPX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	38	10.81%	176.32B	May 1967	FIKPX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	61	11.15%	—	—	FIKPX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	36	10.41%	—	Nov 1997	FIKPX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	55	13.57%	—	Jun 2016	FIKPX vs FTIHX

Often Compared With FIKPX

Investors most often compare FIKPX with SGINX, DBLDX, FXNAX. These 11 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SGINX	DWS GNMA Fund	Government Bonds	27	0.46%	—	Jul 2000	FIKPX vs SGINX
DBLDX	DoubleLine Long Duration Total Return Bond Fund	Government Bonds	6	-0.75%	—	Dec 2014	FIKPX vs DBLDX
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	19	0.04%	—	Mar 1990	FIKPX vs FXNAX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	Government Bonds	5	-1.07%	—	Dec 2005	FIKPX vs FNBGX
FGMNX	Fidelity GNMA Fund	Government Bonds	38	0.90%	—	Nov 1985	FIKPX vs FGMNX
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	29	0.83%	—	Jul 1997	FIKPX vs PDMIX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	41	0.63%	—	Nov 1985	FIKPX vs PRGMX
BGNMX	American Century Ginnie Mae Fund	Government Bonds	25	0.50%	343.63M	Sep 1985	FIKPX vs BGNMX
VFIJX	Vanguard GNMA Fund Admiral Shares	Government Bonds	33	0.82%	11.00B	Feb 2001	FIKPX vs VFIJX
PEDIX	PIMCO Extended Duration Fund	Government Bonds	4	-1.82%	—	Aug 2006	FIKPX vs PEDIX
VEDTX	Vanguard Extended Duration Treasury Index Fund	Government Bonds	3	-2.19%	—	Nov 2007	FIKPX vs VEDTX

Compare FIKPX with Any Fund or Stock

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

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Diversifiers

Pair FIKPX with funds that move differently

Fidelity Advisor Government Income Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FIKPX.

Explore FIKPX Diversifiers

Fidelity Advisor Government Income Fund Class Z (FIKPX) Alternatives