Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) 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 FIQTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FIQTX
FIQTX charges 0.64% annually. There are 38 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 | FIQTX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FIQTX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FIQTX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FIQTX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FIQTX vs CRDOX |
Best Risk-Adjusted Alternatives to FIQTX
FIQTX has a PortfoliosLab risk / return rank of 83. There are 53 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 | FIQTX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FIQTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FIQTX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FIQTX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | FIQTX vs PSHNX |
Top Performing FIQTX Alternatives (YTD)
FIQTX is at 6.24% YTD. There are 3 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fairholme Focused Income Fund | 10.25% | — | Dec 2009 | FIQTX vs FOCIX | |
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | FIQTX vs XILSX | |
| Fidelity Capital & Income Fund | 6.80% | — | Nov 1977 | FIQTX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.18% | — | Jul 1995 | FIQTX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 5.98% | — | Jan 1987 | FIQTX vs FAHYX |
Lowest Volatility Alternatives to FIQTX
FIQTX has 6.19% 1-year volatility. There are 175 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | FIQTX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | FIQTX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | FIQTX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FIQTX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FIQTX vs OSTIX |
Lowest Drawdown Alternatives to FIQTX
FIQTX has a 1-year max drawdown of -3.12%. There are 161 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | FIQTX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FIQTX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FIQTX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FIQTX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FIQTX 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 | 60 | 10.18% | — | Feb 1988 | FIQTX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 89 | 60.71% | — | Jul 1985 | FIQTX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.00% | — | — | FIQTX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 10.98% | — | — | FIQTX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 3.03% | — | — | FIQTX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 52 | 14.20% | — | Dec 1987 | FIQTX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 9.37% | 176.32B | May 1967 | FIQTX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 58 | 10.25% | — | — | FIQTX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 9.38% | — | Nov 1997 | FIQTX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 50 | 11.66% | — | Jun 2016 | FIQTX vs FTIHX |
Often Compared With FIQTX
Investors most often compare FIQTX with FTKFX, BPRIX, FBIIX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FIQTX with Any Fund or Stock
Compare FIQTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FIQTX with funds that move differently
Fidelity Advisor High Income Advantage Fund Class Z alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FIQTX.
Explore FIQTX Diversifiers