Strategic Advisers Income Opportunities Fund (FPIOX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FPIOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FPIOX
FPIOX charges 0.49% annually. There are 12 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | FPIOX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | FPIOX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FPIOX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | FPIOX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FPIOX vs CRDOX |
Best Risk-Adjusted Alternatives to FPIOX
FPIOX has a PortfoliosLab risk / return rank of 75. There are 93 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FPIOX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FPIOX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FPIOX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FPIOX vs CWFIX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | FPIOX vs SHOYX |
Top Performing FPIOX Alternatives (YTD)
FPIOX is at 1.48% YTD. There are 128 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | FPIOX vs XILSX | |
| Fairholme Focused Income Fund | 9.27% | — | Dec 2009 | FPIOX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.17% | — | Nov 1977 | FPIOX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.58% | — | Oct 2018 | FPIOX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.53% | — | Jul 1995 | FPIOX vs FAHCX |
Lowest Volatility Alternatives to FPIOX
FPIOX has 3.47% 1-year volatility. There are 137 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | FPIOX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | FPIOX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | FPIOX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FPIOX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FPIOX vs OSTIX |
Lowest Drawdown Alternatives to FPIOX
FPIOX has a 1-year max drawdown of -2.66%. There are 127 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | FPIOX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FPIOX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FPIOX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FPIOX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FPIOX vs SCFIX |
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 | 66 | 10.88% | — | Feb 1988 | FPIOX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 91 | 64.98% | — | Jul 1985 | FPIOX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 66 | 11.42% | — | — | FPIOX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 64 | 11.41% | — | — | FPIOX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 18 | 4.46% | — | — | FPIOX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 58 | 15.62% | — | Dec 1987 | FPIOX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 36 | 9.99% | 176.32B | May 1967 | FPIOX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 62 | 10.70% | — | — | FPIOX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 40 | 10.13% | — | Nov 1997 | FPIOX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 57 | 12.70% | — | Jun 2016 | FPIOX vs FTIHX |
Often Compared With FPIOX
Investors most often compare FPIOX with RCRYX, EMO, VYM. These 17 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare FPIOX with Any Fund or Stock
Compare FPIOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FPIOX with funds that move differently
Strategic Advisers Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPIOX.
Explore FPIOX Diversifiers