Fidelity Mortgage Securities Fund (FMSFX) 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 FMSFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FMSFX
FMSFX charges 0.45% annually. There are 51 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% | — | — | FMSFX vs VTBNX | |
| Vanguard Total Bond Market Index Fund Institutiona... | 0.03% | 394.40B | Sep 1995 | FMSFX vs VBTIX | |
| Fidelity U.S. Bond Index Fund | 0.03% | — | Mar 1990 | FMSFX vs FXNAX | |
| Fidelity Short-Term Bond Index Fund | 0.03% | — | Oct 2017 | FMSFX vs FNSOX | |
| Vanguard Total Bond Market Index Fund Institutiona... | 0.03% | 394.40B | Feb 2010 | FMSFX vs VBMPX |
Best Risk-Adjusted Alternatives to FMSFX
FMSFX has a PortfoliosLab risk / return rank of 34. There are 38 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 | FMSFX vs VUSFX | |
| Fidelity Flex Conservative Income Bond Fund | 100 | — | May 2018 | FMSFX vs FJTDX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 99 | 15.70B | Feb 2015 | FMSFX vs VUBFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 99 | — | Oct 2008 | FMSFX vs JSOSX | |
| Fidelity Series Short-Term Credit Fund | 87 | — | Mar 2015 | FMSFX vs FYBTX |
Top Performing FMSFX Alternatives (YTD)
FMSFX is at 0.60% YTD. There are 31 mutual funds in the Total Bond Market category with higher YTD returns, going as high as 2.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Strategic Income Fund Class Z | 2.97% | — | Oct 2018 | FMSFX vs FIWDX | |
| Fidelity Advisor Strategic Income Fund Class I | 2.83% | — | Jul 1995 | FMSFX vs FSRIX | |
| Fidelity Advisor Strategic Income Fund Class M | 2.81% | — | Oct 1994 | FMSFX vs FSIAX | |
| Fidelity Advisor Strategic Income Fund Class A | 2.80% | — | Sep 1996 | FMSFX vs FSTAX | |
| Fidelity Advisor Strategic Income Fund Class C | 2.34% | — | Nov 1997 | FMSFX vs FSRCX |
Lowest Volatility Alternatives to FMSFX
FMSFX has 3.88% 1-year volatility. There are 64 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 | FMSFX vs VUSFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.68% | — | Oct 2008 | FMSFX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.80% | 15.70B | Feb 2015 | FMSFX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 1.25% | — | May 2018 | FMSFX vs FJTDX | |
| Fidelity Advisor Short-Term Bond Fund Class C | 1.81% | — | Jul 2016 | FMSFX vs FANCX |
Lowest Drawdown Alternatives to FMSFX
FMSFX has a 1-year max drawdown of -2.81%. There are 39 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 | FMSFX vs FJTDX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | -0.25% | — | Feb 2015 | FMSFX vs VUSFX | |
| JPMorgan Strategic Income Opportunities Fund Class... | -0.26% | — | Oct 2008 | FMSFX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | -0.30% | 15.70B | Feb 2015 | FMSFX vs VUBFX | |
| Fidelity Short-Term Bond Fund | -1.17% | — | Sep 1986 | FMSFX vs FSHBX |
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 | 63 | 11.06% | — | Feb 1988 | FMSFX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 92 | 69.83% | — | Jul 1985 | FMSFX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 11.89% | — | — | FMSFX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 11.88% | — | — | FMSFX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 19 | 5.06% | — | — | FMSFX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 61 | 16.81% | — | Dec 1987 | FMSFX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.81% | 176.32B | May 1967 | FMSFX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 61 | 11.15% | — | — | FMSFX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 10.41% | — | Nov 1997 | FMSFX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 55 | 13.57% | — | Jun 2016 | FMSFX vs FTIHX |
Often Compared With FMSFX
Investors most often compare FMSFX with VMBS, BND, ZROZ. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FMSFX with Any Fund or Stock
Compare FMSFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FMSFX with funds that move differently
Fidelity Mortgage Securities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FMSFX.
Explore FMSFX Diversifiers