Fidelity New Markets Income Fund (FNMIX) belongs to the Emerging Markets Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FNMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FNMIX
FNMIX charges 0.80% annually. There are 24 mutual funds in the Emerging Markets Bonds category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Emerging Markets Local Bond Fund | 0.09% | — | Nov 2011 | FNMIX vs PYELX | |
| Voya Emerging Markets Corporate Debt Fund | 0.10% | — | Aug 2012 | FNMIX vs IMCDX | |
| Vanguard Emerging Markets Bond Fund Admiral Shares | 0.35% | — | Dec 2017 | FNMIX vs VEGBX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.41% | — | Dec 2005 | FNMIX vs SEDAX | |
| Vanguard Emerging Markets Bond Fund Investor Share... | 0.50% | 5.90B | Mar 2016 | FNMIX vs VEMBX |
Best Risk-Adjusted Alternatives to FNMIX
FNMIX has a PortfoliosLab risk / return rank of 90. There are 11 mutual funds in the Emerging Markets Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| American Beacon Developing World Income Fund Class... | 99 | — | Feb 2014 | FNMIX vs AGEYX | |
| American Beacon Frontier Markets Income Fund | 99 | — | Feb 2014 | FNMIX vs AGEPX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Sep 2015 | FNMIX vs EIDOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 98 | — | Feb 2013 | FNMIX vs EELDX | |
| Artisan Emerging Markets Debt Opportunities Fund | 98 | — | Apr 2022 | FNMIX vs APFOX |
Top Performing FNMIX Alternatives (YTD)
FNMIX is at 2.66% YTD. There are 27 mutual funds in the Emerging Markets Bonds category with higher YTD returns, going as high as 14.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Emerging Markets Domestic Fund | 14.80% | — | Apr 2007 | FNMIX vs EDD | |
| Virtus Stone Harbor Emerging Markets Income Fund | 13.38% | — | Dec 2010 | FNMIX vs EDF | |
| Franklin Emerging Market Debt Opportunities Fund | 8.72% | — | May 2006 | FNMIX vs FEMDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 8.53% | — | Sep 2015 | FNMIX vs EIDOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 8.44% | — | Feb 2013 | FNMIX vs EELDX |
Lowest Volatility Alternatives to FNMIX
FNMIX has 4.46% 1-year volatility. There are 30 mutual funds in the Emerging Markets Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 1.17% | — | Apr 2014 | FNMIX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | 1.98% | — | Apr 2010 | FNMIX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 2.05% | — | May 2011 | FNMIX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | 2.05% | — | Nov 2013 | FNMIX vs PYCEX | |
| DoubleLine Emerging Markets Fixed Income Fund | 2.12% | — | Apr 2010 | FNMIX vs DBLEX |
Lowest Drawdown Alternatives to FNMIX
FNMIX has a 1-year max drawdown of -3.85%. There are 23 mutual funds in the Emerging Markets Bonds category with shallower 1-year drawdowns, going as shallow as -0.92%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | -0.92% | — | Apr 2014 | FNMIX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | -1.81% | — | Apr 2010 | FNMIX vs DBLEX | |
| DoubleLine Emerging Markets Fixed Income Fund Clas... | -1.83% | — | Apr 2010 | FNMIX vs DLENX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | -1.90% | — | May 2011 | FNMIX vs SHCDX | |
| Payden Emerging Markets Corporate Bond Fund | -2.37% | — | Nov 2013 | FNMIX vs PYCEX |
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 | FNMIX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 48.22% | — | Jul 1985 | FNMIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 9.94% | — | — | FNMIX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 9.87% | — | — | FNMIX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 11 | -0.52% | — | — | FNMIX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 40 | 10.15% | — | Dec 1987 | FNMIX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 28 | 5.62% | 176.32B | May 1967 | FNMIX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 59 | 9.06% | — | — | FNMIX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 70 | 12.57% | — | Nov 1997 | FNMIX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 73 | 12.99% | — | Jun 2016 | FNMIX vs FTIHX |
Often Compared With FNMIX
Investors most often compare FNMIX with VWOB, AAPL, FAGIX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare FNMIX with Any Fund or Stock
Compare FNMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FNMIX with funds that move differently
Fidelity New Markets Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FNMIX.
Explore FNMIX Diversifiers