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 36 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | FIQSX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FIQSX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FIQSX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FIQSX vs VWEHX | |
| 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 10 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FIQSX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | FIQSX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | FIQSX vs RPHIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | FIQSX vs PSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FIQSX vs CWFIX |
Top Performing FIQSX Alternatives (YTD)
FIQSX is at 2.17% YTD. There are 35 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.56% | — | Dec 2014 | FIQSX vs XILSX | |
| Fairholme Focused Income Fund | 10.04% | — | Dec 2009 | FIQSX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.94% | — | Nov 1977 | FIQSX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 5.45% | — | Oct 2018 | FIQSX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 5.40% | — | Jul 1995 | FIQSX vs FAHCX |
Lowest Volatility Alternatives to FIQSX
FIQSX has 2.28% 1-year volatility. There are 12 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | FIQSX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | FIQSX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | FIQSX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.69% | — | Oct 2012 | FIQSX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | FIQSX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | FIQSX vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.21% | — | Sep 2010 | FIQSX vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FIQSX vs MDHVX | |
| 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 | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 59 | 10.13% | — | Feb 1988 | FIQSX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 49.63% | — | Jul 1985 | FIQSX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 59 | 10.58% | — | — | FIQSX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 58 | 10.51% | — | — | FIQSX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 10 | 0.30% | — | — | FIQSX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 35 | 11.25% | — | Dec 1987 | FIQSX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 23 | 6.89% | 176.32B | May 1967 | FIQSX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 54 | 9.84% | — | — | FIQSX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 11.79% | — | Nov 1997 | FIQSX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 70 | 12.93% | — | Jun 2016 | FIQSX vs FTIHX |
Often Compared With FIQSX
Investors most often compare FIQSX with RPIFX, TFLR, FFRHX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FIQSX with Any Fund or Stock
Compare FIQSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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