FSEHX Alternatives & Similar Mutual Funds

Fidelity Advisor Short Duration High Income Fund Class M (FSEHX) 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 FSEHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FSEHX

FSEHX charges 1.00% annually. There are 132 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	FSEHX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	FSEHX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	FSEHX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	FSEHX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	FSEHX vs CRDOX

Best Risk-Adjusted Alternatives to FSEHX

FSEHX has a PortfoliosLab risk / return rank of 95. There are 13 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
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	FSEHX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	FSEHX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	FSEHX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	FSEHX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	FSEHX vs PSHNX

Top Performing FSEHX Alternatives (YTD)

FSEHX is at 2.84% YTD. There are 26 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.52%	—	Nov 1977	FSEHX vs FAGIX
XILSX	Pioneer ILS Interval Fund	8.28%	—	Dec 2014	FSEHX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.73%	—	Oct 2018	FSEHX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.68%	—	Jul 1995	FSEHX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.52%	—	Jan 1987	FSEHX vs FAHYX

Lowest Volatility Alternatives to FSEHX

FSEHX has 2.87% 1-year volatility. There are 48 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	FSEHX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	FSEHX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	FSEHX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	FSEHX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	FSEHX vs OSTIX

Lowest Drawdown Alternatives to FSEHX

FSEHX has a 1-year max drawdown of -1.72%. There are 24 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
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	FSEHX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	FSEHX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	FSEHX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FSEHX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FSEHX 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
FXAIX	Fidelity 500 Index Fund	S&P 500	66	10.19%	—	Feb 1988	FSEHX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	96	87.43%	—	Jul 1985	FSEHX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	66	10.74%	—	—	FSEHX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	65	10.81%	—	—	FSEHX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	22	4.50%	—	—	FSEHX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	73	19.05%	—	Dec 1987	FSEHX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	42	10.97%	176.32B	May 1967	FSEHX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	63	10.04%	—	—	FSEHX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	36	10.54%	—	Nov 1997	FSEHX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	62	15.59%	—	Jun 2016	FSEHX vs FTIHX

Often Compared With FSEHX

Investors most often compare FSEHX with PRFRX, SHOYX, FOCIX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	0.95%	—	Jul 2011	FSEHX vs PRFRX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	2.06%	—	Feb 2011	FSEHX vs SHOYX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	38	6.44%	—	Dec 2009	FSEHX vs FOCIX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	1.91%	—	Feb 2011	FSEHX vs SHYPX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	96	3.22%	—	Mar 2011	FSEHX vs FSHNX

Compare FSEHX with Any Fund or Stock

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

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Diversifiers

Pair FSEHX with funds that move differently

Fidelity Advisor Short Duration High Income Fund Class M alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSEHX.

Explore FSEHX Diversifiers

Fidelity Advisor Short Duration High Income Fund Class M (FSEHX) Alternatives