Fidelity Advisor Mortgage Securities Fund Class A (FMGAX) belongs to the Total Bond Market category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FMGAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMGAX
FMGAX charges 0.79% annually. There are 89 mutual funds in the Total Bond Market category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Total Bond Market II Index Fund | 0.02% | — | — | FMGAX vs VTBNX | |
| Fidelity U.S. Bond Index Fund | 0.03% | — | Mar 1990 | FMGAX vs FXNAX | |
| Vanguard Total Bond Market Index Fund Institutiona... | 0.03% | 389.80B | Feb 2010 | FMGAX vs VBMPX | |
| Fidelity Short-Term Bond Index Fund | 0.03% | — | Oct 2017 | FMGAX vs FNSOX | |
| Vanguard Total Bond Market Index Fund Institutiona... | 0.04% | 389.80B | Sep 1995 | FMGAX vs VBTIX |
Best Risk-Adjusted Alternatives to FMGAX
FMGAX has a PortfoliosLab risk / return rank of 34. There are 49 mutual funds in the Total Bond Market category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 100 | — | Feb 2015 | FMGAX vs VUSFX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 100 | 15.70B | Feb 2015 | FMGAX vs VUBFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 99 | — | Oct 2008 | FMGAX vs JSOSX | |
| Fidelity Conservative Income Bond Institutional Cl... | 99 | — | Mar 2011 | FMGAX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 99 | — | May 2018 | FMGAX vs FJTDX |
Top Performing FMGAX Alternatives (YTD)
FMGAX is at 0.70% YTD. There are 38 mutual funds in the Total Bond Market category with higher YTD returns, going as high as 3.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Strategic Income Fund Class Z | 3.40% | — | Oct 2018 | FMGAX vs FIWDX | |
| Fidelity Strategic Income Fund | 3.29% | — | Oct 1994 | FMGAX vs FADMX | |
| Fidelity Advisor Strategic Income Fund Class M | 3.28% | — | Oct 1994 | FMGAX vs FSIAX | |
| Fidelity Advisor Strategic Income Fund Class I | 3.27% | — | Jul 1995 | FMGAX vs FSRIX | |
| Fidelity Advisor Strategic Income Fund Class A | 3.19% | — | Sep 1996 | FMGAX vs FSTAX |
Lowest Volatility Alternatives to FMGAX
FMGAX has 3.98% 1-year volatility. There are 66 mutual funds in the Total Bond Market category with lower 1-year volatility, going as low as 0.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.59% | — | Feb 2015 | FMGAX vs VUSFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.68% | — | Oct 2008 | FMGAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.77% | 15.70B | Feb 2015 | FMGAX vs VUBFX | |
| Fidelity Conservative Income Bond Institutional Cl... | 1.19% | — | Mar 2011 | FMGAX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 1.28% | — | May 2018 | FMGAX vs FJTDX |
Lowest Drawdown Alternatives to FMGAX
FMGAX has a 1-year max drawdown of -2.88%. There are 53 mutual funds in the Total Bond Market category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | FMGAX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | -0.10% | — | May 2018 | FMGAX vs FJTDX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | -0.25% | — | Feb 2015 | FMGAX vs VUSFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | -0.26% | — | Oct 2008 | FMGAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | -0.30% | 15.70B | Feb 2015 | FMGAX vs VUBFX |
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 | 73 | 11.71% | — | Feb 1988 | FMGAX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 85.56% | — | Jul 1985 | FMGAX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 12.01% | — | — | FMGAX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.60% | — | — | FMGAX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 12.08% | — | — | FMGAX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 18.56% | — | Dec 1987 | FMGAX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 7.76% | 176.32B | May 1967 | FMGAX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.56% | — | — | FMGAX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.51% | — | Nov 1997 | FMGAX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 58 | 15.53% | — | Jun 2016 | FMGAX vs FTIHX |
Often Compared With FMGAX
Investors most often compare FMGAX with FMGKX, SCHG, FMSFX. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Magellan Fund Class K | Large Cap Growth Equities | 12 | 8.72% | — | May 2008 | FMGAX vs FMGKX | |
| Schwab U.S. Large-Cap Growth ETF | Large Cap Growth Equities | 39 | 6.42% | 61.08B | Dec 2009 | FMGAX vs SCHG | |
| Fidelity Mortgage Securities Fund | Total Bond Market | 39 | 0.97% | — | Dec 1984 | FMGAX vs FMSFX | |
| T. Rowe Price QM U.S. Bond Index Fund | Total Bond Market | 33 | 0.20% | — | — | FMGAX vs PBDIX | |
| Vanguard GNMA Fund Investor Shares | Total Bond Market | 32 | 0.79% | 11.00B | Jun 1980 | FMGAX vs VFIIX | |
| Fidelity Series Investment Grade Securitized Fund | Total Bond Market | 43 | 1.04% | — | Aug 2018 | FMGAX vs FHPFX | |
| Vanguard Mortgage-Backed Securities Index Fund Adm... | Total Bond Market | 42 | 0.81% | 16.80B | Dec 2009 | FMGAX vs VMBSX | |
| Fidelity Select Communication Services Portfolio | Communications Equities | 44 | 9.44% | — | Jun 1986 | FMGAX vs FBMPX | |
| Fidelity Advisor Strategic Income Fund Class C | Total Bond Market | 79 | 2.88% | — | Nov 1997 | FMGAX vs FSRCX |
Compare FMGAX with Any Fund or Stock
Compare FMGAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMGAX with funds that move differently
Fidelity Advisor Mortgage Securities Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMGAX.
Explore FMGAX Diversifiers