Fidelity Advisor Mortgage Securities Fund Class M (FMSAX) 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 FMSAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMSAX
FMSAX charges 0.79% annually. There are 76 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 Index Fund Institutiona... | 0.02% | 398.10B | Feb 2010 | FMSAX vs VBMPX | |
| Vanguard Total Bond Market II Index Fund | 0.02% | — | — | FMSAX vs VTBNX | |
| Vanguard Total Bond Market Index Fund Institutiona... | 0.03% | 398.10B | Sep 1995 | FMSAX vs VBTIX | |
| Fidelity U.S. Bond Index Fund | 0.03% | — | Mar 1990 | FMSAX vs FXNAX | |
| Fidelity Short-Term Bond Index Fund | 0.03% | — | Oct 2017 | FMSAX vs FNSOX |
Best Risk-Adjusted Alternatives to FMSAX
FMSAX has a PortfoliosLab risk / return rank of 30. There are 43 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 | FMSAX vs VUSFX | |
| Fidelity Flex Conservative Income Bond Fund | 100 | — | May 2018 | FMSAX vs FJTDX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 99 | 15.70B | Feb 2015 | FMSAX vs VUBFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 99 | — | Oct 2008 | FMSAX vs JSOSX | |
| Fidelity Series Short-Term Credit Fund | 90 | — | Mar 2015 | FMSAX vs FYBTX |
Top Performing FMSAX Alternatives (YTD)
FMSAX is at -0.20% YTD. There are 45 mutual funds in the Total Bond Market category with higher YTD returns, going as high as 1.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 1.99% | — | Feb 2015 | FMSAX vs VUSFX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 1.93% | 15.70B | Feb 2015 | FMSAX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 1.93% | — | May 2018 | FMSAX vs FJTDX | |
| Fidelity Advisor Strategic Income Fund Class Z | 1.79% | — | Oct 2018 | FMSAX vs FIWDX | |
| Fidelity Advisor Strategic Income Fund Class I | 1.74% | — | Jul 1995 | FMSAX vs FSRIX |
Lowest Volatility Alternatives to FMSAX
FMSAX has 3.86% 1-year volatility. There are 62 mutual funds in the Total Bond Market category with lower 1-year volatility, going as low as 0.60%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.60% | — | Feb 2015 | FMSAX vs VUSFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.73% | — | Oct 2008 | FMSAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.83% | 15.70B | Feb 2015 | FMSAX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 1.27% | — | May 2018 | FMSAX vs FJTDX | |
| Fidelity Advisor Short-Term Bond Fund Class C | 1.82% | — | Jul 2016 | FMSAX vs FANCX |
Lowest Drawdown Alternatives to FMSAX
FMSAX has a 1-year max drawdown of -2.88%. There are 47 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 Flex Conservative Income Bond Fund | -0.10% | — | May 2018 | FMSAX vs FJTDX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | -0.25% | — | Feb 2015 | FMSAX vs VUSFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | -0.26% | — | Oct 2008 | FMSAX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | -0.30% | 15.70B | Feb 2015 | FMSAX vs VUBFX | |
| Fidelity Advisor Short-Term Bond Fund Class C | -1.18% | — | Jul 2016 | FMSAX vs FANCX |
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 | 64 | 9.35% | — | Feb 1988 | FMSAX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 48.22% | — | Jul 1985 | FMSAX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 9.94% | — | — | FMSAX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 9.87% | — | — | FMSAX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 11 | -0.52% | — | — | FMSAX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 40 | 10.15% | — | Dec 1987 | FMSAX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 28 | 5.62% | 176.32B | May 1967 | FMSAX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 59 | 9.06% | — | — | FMSAX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 70 | 12.57% | — | Nov 1997 | FMSAX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 73 | 12.99% | — | Jun 2016 | FMSAX vs FTIHX |
Often Compared With FMSAX
Investors most often compare FMSAX with FSTAX, FADMX, FSIAX. These 7 comparison targets span 7 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Strategic Income Fund Class A | Total Bond Market | 64 | 1.61% | — | Sep 1996 | FMSAX vs FSTAX | |
| Fidelity Strategic Income Fund | Multisector Bonds | 72 | 1.76% | — | Oct 1994 | FMSAX vs FADMX | |
| Fidelity Advisor Strategic Income Fund Class M | Total Bond Market | 62 | 1.61% | — | Oct 1994 | FMSAX vs FSIAX | |
| Fidelity Conservative Income Bond Institutional Cl... | Ultrashort Bond | 100 | 1.82% | — | Mar 2011 | FMSAX vs FCNVX | |
| Fidelity Small Cap Index Fund | Small Cap Blend Equities | 79 | 19.50% | — | Sep 2011 | FMSAX vs FSSNX | |
| Fidelity Short-Term Bond Fund | Short-Term Bond, Investment Grade Bonds, Actively Managed | 84 | 0.65% | — | Sep 1986 | FMSAX vs FSHBX | |
| Fidelity Advisor Strategic Income Fund Class C | Total Bond Market | 45 | 1.23% | — | Nov 1997 | FMSAX vs FSRCX |
Compare FMSAX with Any Fund or Stock
Compare FMSAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMSAX with funds that move differently
Fidelity Advisor Mortgage Securities Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMSAX.
Explore FMSAX Diversifiers