FSFHX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to FSFHX

FSFHX charges 0.75% annually. There are 71 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	FSFHX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	25.70B	Nov 2001	FSFHX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	FSFHX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	25.70B	Dec 1978	FSFHX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	FSFHX vs CRDOX

Best Risk-Adjusted Alternatives to FSFHX

FSFHX has a PortfoliosLab risk / return rank of 96. There are 10 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	FSFHX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	FSFHX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	FSFHX vs RPHIX
FSHNX	Fidelity Series High Income Fund	97	—	Mar 2011	FSFHX vs FSHNX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	97	—	Feb 2011	FSFHX vs SHOYX

Top Performing FSFHX Alternatives (YTD)

FSFHX is at 3.07% YTD. There are 22 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	7.97%	—	Dec 2014	FSFHX vs XILSX
FAGIX	Fidelity Capital & Income Fund	7.96%	—	Nov 1977	FSFHX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.29%	—	Oct 2018	FSFHX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.16%	—	Jul 1995	FSFHX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.04%	—	Jan 1987	FSFHX vs FAHYX

Lowest Volatility Alternatives to FSFHX

FSFHX has 2.90% 1-year volatility. There are 55 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
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	FSFHX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	FSFHX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	FSFHX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	FSFHX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	FSFHX vs OSTIX

Lowest Drawdown Alternatives to FSFHX

FSFHX has a 1-year max drawdown of -1.67%. There are 21 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	FSFHX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	FSFHX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	FSFHX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FSFHX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FSFHX 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	75	11.56%	—	Feb 1988	FSFHX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	74.49%	—	Jul 1985	FSFHX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	11.76%	—	—	FSFHX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	33	9.01%	—	—	FSFHX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	11.81%	—	—	FSFHX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	17.66%	—	Dec 1987	FSFHX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	39	8.01%	176.32B	May 1967	FSFHX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.27%	—	—	FSFHX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.06%	—	Nov 1997	FSFHX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	59	14.72%	—	Jun 2016	FSFHX vs FTIHX

Often Compared With FSFHX

Investors most often compare FSFHX with PRFRX, FOCIX, PSHNX. 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	1.96%	—	Jul 2011	FSFHX vs PRFRX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	34	6.37%	—	Dec 2009	FSFHX vs FOCIX
PSHNX	Penn Capital Short Duration High Income Fund	High Yield Bonds	96	1.63%	—	Jul 2017	FSFHX vs PSHNX
PYHRX	Payden High Income Fund	High Yield Bonds	96	2.28%	—	Dec 1997	FSFHX vs PYHRX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	97	2.13%	—	Feb 2011	FSFHX vs SHYPX

Compare FSFHX with Any Fund or Stock

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

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Diversifiers

Pair FSFHX with funds that move differently

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

Explore FSFHX Diversifiers

Fidelity Advisor Short Duration High Income Fund Class I (FSFHX) Alternatives