Strategic Advisers Alternatives Fund (FSLTX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FSLTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FSLTX
FSLTX charges 1.56% annually. There are 35 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | FSLTX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | FSLTX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | FSLTX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | FSLTX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | FSLTX vs JAAAX |
Best Risk-Adjusted Alternatives to FSLTX
FSLTX has a PortfoliosLab risk / return rank of 99. There are 2 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | FSLTX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | FSLTX vs ARBIX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | FSLTX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | FSLTX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | FSLTX vs ADANX |
Top Performing FSLTX Alternatives (YTD)
FSLTX is at 5.28% YTD. There are 37 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | FSLTX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | FSLTX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | FSLTX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | FSLTX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | FSLTX vs QSPRX |
Lowest Volatility Alternatives to FSLTX
FSLTX has 2.25% 1-year volatility. There are 3 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | FSLTX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | FSLTX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | FSLTX vs ADAIX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | FSLTX vs MSTVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.35% | — | Feb 2013 | FSLTX vs SHRIX |
Lowest Drawdown Alternatives to FSLTX
FSLTX has a 1-year max drawdown of -0.86%. There are 4 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | FSLTX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | FSLTX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | FSLTX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | FSLTX vs ADANX | |
| FS Credit Income Fund Class I | -0.90% | — | Nov 2017 | FSLTX vs FCRIX |
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 | FSLTX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 80 | 48.22% | — | Jul 1985 | FSLTX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 64 | 9.94% | — | — | FSLTX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 63 | 9.87% | — | — | FSLTX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 11 | -0.52% | — | — | FSLTX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 40 | 10.15% | — | Dec 1987 | FSLTX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 28 | 5.62% | 176.32B | May 1967 | FSLTX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 59 | 9.06% | — | — | FSLTX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 70 | 12.57% | — | Nov 1997 | FSLTX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 73 | 12.99% | — | Jun 2016 | FSLTX vs FTIHX |
Often Compared With FSLTX
Investors most often compare FSLTX with ATRFX, FABZX, GSRTX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare FSLTX with Any Fund or Stock
Compare FSLTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FSLTX with funds that move differently
Strategic Advisers Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSLTX.
Explore FSLTX Diversifiers