FSHNX Alternatives & Similar Mutual Funds

Fidelity Series High Income Fund (FSHNX) 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 FSHNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FSHNX

FSHNX charges 0.00% annually. No mutual funds in the High Yield Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.02%.

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

Best Risk-Adjusted Alternatives to FSHNX

FSHNX 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	FSHNX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	FSHNX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	FSHNX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	96	—	Jul 2014	FSHNX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	96	—	Jul 2017	FSHNX vs PSHNX

Top Performing FSHNX Alternatives (YTD)

FSHNX is at 3.22% YTD. There are 19 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.81%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.81%	—	Nov 1977	FSHNX vs FAGIX
XILSX	Pioneer ILS Interval Fund	8.39%	—	Dec 2014	FSHNX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.99%	—	Oct 2018	FSHNX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.94%	—	Jul 1995	FSHNX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.76%	—	Jan 1987	FSHNX vs FAHYX

Lowest Volatility Alternatives to FSHNX

FSHNX has 3.36% 1-year volatility. There are 103 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	FSHNX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	FSHNX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	FSHNX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	FSHNX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	FSHNX vs OSTIX

Lowest Drawdown Alternatives to FSHNX

FSHNX has a 1-year max drawdown of -2.13%. There are 49 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	FSHNX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	FSHNX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	FSHNX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FSHNX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FSHNX 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	65	9.79%	—	Feb 1988	FSHNX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	96	89.12%	—	Jul 1985	FSHNX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	65	10.41%	—	—	FSHNX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	64	10.43%	—	—	FSHNX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	21	3.18%	—	—	FSHNX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	68	16.84%	—	Dec 1987	FSHNX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	37	8.62%	176.32B	May 1967	FSHNX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	62	9.63%	—	—	FSHNX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	39	10.74%	—	Nov 1997	FSHNX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	66	15.70%	—	Jun 2016	FSHNX vs FTIHX

Often Compared With FSHNX

Investors most often compare FSHNX with SPHY, FSHGX, FDVV. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPHY	SPDR Portfolio High Yield Bond ETF	High Yield Bonds	60	1.85%	11.10B	Jun 2012	FSHNX vs SPHY
FSHGX	Fidelity SAI High Income Fund	High Yield Bonds	94	3.59%	—	May 2021	FSHNX vs FSHGX
FDVV	Fidelity High Dividend ETF	Large Cap Blend Equities, Dividend	64	8.39%	9.77B	Sep 2016	FSHNX vs FDVV
RMDFX	Aspiriant Defensive Allocation Fund	Multistrategy	95	6.31%	—	Dec 2015	FSHNX vs RMDFX
FEDCX	Fidelity Series Emerging Markets Debt Fund	Emerging Markets Bonds	93	4.03%	—	Mar 2011	FSHNX vs FEDCX
FLDR	Fidelity Low Duration Bond Factor ETF	Short-Term Bond, Corporate Bonds	98	1.70%	1.62B	Jun 2018	FSHNX vs FLDR
IVVM	iShares Large Cap Moderate Buffer ETF	Options Trading	68	5.35%	166.68M	Jun 2023	FSHNX vs IVVM
IVVB	iShares Large Cap Deep Buffer ETF	Options Trading	53	3.81%	123.00M	Jun 2023	FSHNX vs IVVB
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	92	1.71%	—	Aug 2000	FSHNX vs FFRHX
SPHIX	Fidelity High Income Fund	High Yield Bonds	94	3.45%	—	Aug 1990	FSHNX vs SPHIX
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	52	1.56%	16.56B	Apr 2007	FSHNX vs HYG
FLOT	iShares Floating Rate Bond ETF	Ultrashort Bond, Corporate Bonds	98	2.01%	9.85B	Jun 2011	FSHNX vs FLOT
NTHEX	Northeast Investors Trust	High Yield Bonds	80	1.44%	—	Mar 1950	FSHNX vs NTHEX
PHYZX	PGIM High Yield Fund Class Z	High Yield Bonds	67	1.59%	—	Jan 1990	FSHNX vs PHYZX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	36	6.37%	—	Dec 2009	FSHNX vs FOCIX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	1.95%	—	Feb 2011	FSHNX vs SHOYX
NHILX	Neuberger High Income Bond Fund Institutional Clas...	High Yield Bonds	57	1.10%	—	May 2009	FSHNX vs NHILX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	30	8.89%	—	Dec 1973	FSHNX vs RGAGX
JMSIX	JPMorgan Income Fund	Multisector Bonds	78	0.99%	—	Jun 2014	FSHNX vs JMSIX
FBALX	Fidelity Balanced Fund	Diversified Portfolio	85	9.80%	—	Nov 1986	FSHNX vs FBALX

Compare FSHNX with Any Fund or Stock

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

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Diversifiers

Pair FSHNX with funds that move differently

Fidelity Series High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSHNX.

Explore FSHNX Diversifiers

Fidelity Series High Income Fund (FSHNX) Alternatives