Fidelity Multi-Asset Income Fund (FMSDX) Alternatives

Fidelity Multi-Asset Income Fund (FMSDX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FMSDX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to FMSDX

FMSDX charges 0.78% annually. Among mutual funds in the Diversified Portfolio category, these options have the lowest expense ratios among FMSDX alternatives.

Symbol	Name	Expense Ratio	Inception
FRGAX	Fidelity 70% Allocation Fund	0.02%	Jan 1, 2022	FMSDX vs FRGAX
PALDX	PGIM 60/40 Allocation Fund	0.03%	Sep 12, 2017	FMSDX vs PALDX
TSAIX	TIAA-CREF Lifestyle Aggressive Growth Fund	0.04%	Dec 8, 2011	FMSDX vs TSAIX
BWBIX	Baron WealthBuilder Fund	0.05%	Dec 28, 2017	FMSDX vs BWBIX
MAANX	Mutual of America Aggressive Allocation Fund	0.05%	Nov 29, 2021	FMSDX vs MAANX

Best Risk-Adjusted Alternatives to FMSDX

Among mutual funds in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	99	Nov 16, 2003	FMSDX vs STDAX
TIBIX	Thornburg Investment Income Builder Fund Class I	98	Dec 24, 2002	FMSDX vs TIBIX
BERIX	Chartwell Income Fund	96	Sep 2, 1987	FMSDX vs BERIX
NWQIX	Nuveen Flexible Income Fund	95	Dec 8, 2009	FMSDX vs NWQIX
PMAIX	Pioneer Multi-Asset Income Fund A	93	Dec 22, 2011	FMSDX vs PMAIX

Top Performing FMSDX Alternatives (YTD)

FMSDX alternatives from the Diversified Portfolio category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
SIFAX	SEI Institutional Managed Trust Multi-Asset Inflat...	9.34%	Apr 8, 2012	FMSDX vs SIFAX
PUDZX	PGIM Real Assets Fund	9.23%	Dec 29, 2010	FMSDX vs PUDZX
IOEZX	ICON Equity Income Fund	8.64%	May 9, 2004	FMSDX vs IOEZX
AAAAX	DWS RREEF Real Assets Fund - Class A	8.59%	Jul 30, 2007	FMSDX vs AAAAX
CONWX	Concorde Wealth Management Fund	8.18%	Dec 3, 1987	FMSDX vs CONWX

Lowest Volatility Alternatives to FMSDX

FMSDX alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	0.93%	Nov 16, 2003	FMSDX vs STDAX
SCLAX	SEI Institutional Managed Trust Multi-Asset Capita...	2.64%	Apr 8, 2012	FMSDX vs SCLAX
AVEFX	Ave Maria Bond Fund	3.44%	Apr 30, 2003	FMSDX vs AVEFX
CSTAX	American Funds College 2027 Fund	3.47%	Sep 13, 2012	FMSDX vs CSTAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	3.66%	Nov 16, 2003	FMSDX vs SICIX

Lowest Drawdown Alternatives to FMSDX

FMSDX alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	-0.59%	Nov 16, 2003	FMSDX vs STDAX
SCLAX	SEI Institutional Managed Trust Multi-Asset Capita...	-2.32%	Apr 8, 2012	FMSDX vs SCLAX
AVEFX	Ave Maria Bond Fund	-2.52%	Apr 30, 2003	FMSDX vs AVEFX
CSTAX	American Funds College 2027 Fund	-2.72%	Sep 13, 2012	FMSDX vs CSTAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	-2.73%	Nov 16, 2003	FMSDX vs SICIX

Other Mutual Funds from Fidelity

Most popular Fidelity mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FXAIX	Fidelity 500 Index Fund	S&P 500	46	-7.05%	Feb 17, 1988	FMSDX vs FXAIX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	46	-6.77%	—	FMSDX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	28	-13.03%	—	FMSDX vs FSPGX
FSELX	Fidelity Select Semiconductors Portfolio	Technology Equities	94	0.00%	Jul 29, 1985	FMSDX vs FSELX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	45	-6.77%	—	FMSDX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	54	-11.15%	Dec 31, 1987	FMSDX vs FBGRX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	45	-7.30%	—	FMSDX vs FNILX
FCNTX	Fidelity Contrafund Fund	Large Cap Growth Equities	44	-8.57%	May 17, 1967	FMSDX vs FCNTX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	64	-1.94%	Nov 5, 1997	FMSDX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	79	-1.15%	Jun 7, 2016	FMSDX vs FTIHX

Often Compared With FMSDX

What investors most often compare with FMSDX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FAGIX	Fidelity Capital & Income Fund	High Yield Bonds	91	-0.85%	Nov 1, 1977	FMSDX vs FAGIX
FBALX	Fidelity Balanced Fund	Diversified Portfolio	73	-3.70%	Nov 6, 1986	FMSDX vs FBALX
VBINX	Vanguard Balanced Index Fund	Diversified Portfolio	58	-4.20%	Nov 9, 1992	FMSDX vs VBINX
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	52	12.79%	Oct 20, 2011	FMSDX vs SCHD
BAICX	BlackRock Multi-Asset Income Portfolio	Diversified Portfolio	72	-1.72%	Apr 7, 2008	FMSDX vs BAICX
FSRRX	Fidelity Strategic Real Return Fund	Diversified Portfolio	92	5.76%	Sep 7, 2005	FMSDX vs FSRRX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	49	6.93%	Dec 31, 2009	FMSDX vs FOCIX
DFQTX	DFA US Core Equity 2 Portfolio I	Large Cap Blend Equities	50	-4.02%	—	FMSDX vs DFQTX
FSMSX	FS Multi-Strategy Alternatives Fund	Multistrategy	80	0.90%	May 15, 2017	FMSDX vs FSMSX
GSBFX	Goldman Sachs Income Builder Fund	Diversified Portfolio	67	-0.56%	Oct 11, 1994	FMSDX vs GSBFX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	92	-0.75%	Jul 3, 1995	FMSDX vs FAHCX
ETIMX	Eventide Multi-Asset Income Fund	Diversified Portfolio	49	1.81%	Jul 14, 2015	FMSDX vs ETIMX
PMFYX	Pioneer Multi-Asset Income Fund	Global Allocation	93	0.91%	Dec 21, 2011	FMSDX vs PMFYX
FBNDX	Fidelity Investment Grade Bond Fund	Total Bond Market	53	-0.50%	Aug 6, 1971	FMSDX vs FBNDX
BNDW	Vanguard Total World Bond ETF	Global Bonds	56	-0.03%	Sep 4, 2018	FMSDX vs BNDW
FPEIX	First Trust Preferred Securities and Income Fund	Preferred Stock/Convertible Bonds	80	-2.48%	Jan 10, 2011	FMSDX vs FPEIX
ETG	Eaton Vance Tax Advantaged Global Dividend Income ...	Global Equities	51	-11.37%	Jan 30, 2004	FMSDX vs ETG
GOVT	iShares U.S. Treasury Bond ETF	Government Bonds	45	0.08%	Feb 14, 2012	FMSDX vs GOVT
FFEM	Fidelity Fundamental Emerging Markets ETF	Emerging Markets Diversified	89	6.04%	—	FMSDX vs FFEM
FBND	Fidelity Total Bond ETF	Intermediate Core-Plus Bond, Actively Managed	63	0.14%	Oct 6, 2014	FMSDX vs FBND

Compare FMSDX with Any Fund or Stock

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

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Fidelity Multi-Asset Income Fund

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