FIQSX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to FIQSX

FIQSX charges 0.62% annually. There are 35 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	FIQSX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	25.70B	Nov 2001	FIQSX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	FIQSX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	25.70B	Dec 1978	FIQSX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	FIQSX vs CRDOX

Best Risk-Adjusted Alternatives to FIQSX

FIQSX has a PortfoliosLab risk / return rank of 94. There are 24 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	FIQSX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	FIQSX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	FIQSX vs RPHIX
FSHNX	Fidelity Series High Income Fund	97	—	Mar 2011	FIQSX vs FSHNX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	97	—	Feb 2011	FIQSX vs SHOYX

Top Performing FIQSX Alternatives (YTD)

FIQSX is at 2.07% YTD. There are 53 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	7.97%	—	Dec 2014	FIQSX vs XILSX
FAGIX	Fidelity Capital & Income Fund	7.96%	—	Nov 1977	FIQSX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.29%	—	Oct 2018	FIQSX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.16%	—	Jul 1995	FIQSX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.04%	—	Jan 1987	FIQSX vs FAHYX

Lowest Volatility Alternatives to FIQSX

FIQSX has 2.25% 1-year volatility. There are 11 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	FIQSX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	FIQSX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	FIQSX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	FIQSX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	FIQSX vs OSTIX

Lowest Drawdown Alternatives to FIQSX

FIQSX has a 1-year max drawdown of -1.19%. There are 9 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	FIQSX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	FIQSX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	FIQSX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FIQSX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FIQSX vs SCFIX

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	75	11.56%	—	Feb 1988	FIQSX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	74.49%	—	Jul 1985	FIQSX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	11.76%	—	—	FIQSX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	33	9.01%	—	—	FIQSX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	11.81%	—	—	FIQSX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	17.66%	—	Dec 1987	FIQSX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	39	8.01%	176.32B	May 1967	FIQSX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.27%	—	—	FIQSX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.06%	—	Nov 1997	FIQSX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	59	14.72%	—	Jun 2016	FIQSX vs FTIHX

Often Compared With FIQSX

Investors most often compare FIQSX with FFRHX, RPIFX, TFLR. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FFRHX	Fidelity Floating Rate High Income Fund	High Yield Bonds	93	2.16%	—	Aug 2000	FIQSX vs FFRHX
RPIFX	T. Rowe Price Institutional Floating Rate Fund	Bank Loan	89	1.48%	—	Jan 2008	FIQSX vs RPIFX
TFLR	T. Rowe Price Floating Rate ETF	Bank Loan	78	1.45%	613.40M	Nov 2022	FIQSX vs TFLR
SAMBX	Virtus Seix Floating Rate High Income Fund	Bank Loan	97	2.69%	—	Feb 2006	FIQSX vs SAMBX
FHAIX	Franklin High Income Fund	High Yield Bonds	41	0.95%	—	Dec 1969	FIQSX vs FHAIX
BKLN	Invesco Senior Loan ETF	High Yield Bonds	50	0.21%	7.15B	Mar 2011	FIQSX vs BKLN
PFFD	Global X U.S. Preferred ETF	Preferred Stock/Convertible Bonds	31	2.89%	2.17B	Sep 2017	FIQSX vs PFFD
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	74	12.01%	2.20T	May 2001	FIQSX vs VTI
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	27	0.01%	44.59B	May 2020	FIQSX vs JEPI
HBLYX	The Hartford Balanced Income Fund	Diversified Portfolio	34	2.50%	—	Jul 2006	FIQSX vs HBLYX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	1.96%	—	Jul 2011	FIQSX vs PRFRX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	58	2.54%	—	Jan 2017	FIQSX vs RCRYX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	68	1.81%	—	Sep 2013	FIQSX vs RSIIX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	93	3.43%	—	Jun 2019	FIQSX vs FQTIX
CPMPX	Changing Parameters Fund	High Yield Bonds	88	0.85%	—	Oct 2006	FIQSX vs CPMPX
THHYX	Toews Tactical Income Fund	High Yield Bonds	47	0.38%	—	Jun 2010	FIQSX vs THHYX
PSHNX	Penn Capital Short Duration High Income Fund	High Yield Bonds	96	1.63%	—	Jul 2017	FIQSX vs PSHNX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	34	6.37%	—	Dec 2009	FIQSX vs FOCIX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	95	2.38%	—	Apr 2014	FIQSX vs PRCPX
JGH	Nuveen Global High Income Fund	High Yield Bonds	15	5.56%	—	Nov 2014	FIQSX vs JGH

Compare FIQSX with Any Fund or Stock

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

Symbol name

Diversifiers

Pair FIQSX with funds that move differently

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

Explore FIQSX Diversifiers

Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) Alternatives