FVIAX Alternatives & Similar Mutual Funds

Fidelity Advisor Government Income Fund Class A (FVIAX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FVIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FVIAX

FVIAX charges 0.77% annually. There are 81 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	FVIAX vs GUSTX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	—	FVIAX vs FUAMX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FVIAX vs FNBGX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FVIAX vs FUMBX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	FVIAX vs FUTBX

Best Risk-Adjusted Alternatives to FVIAX

FVIAX has a PortfoliosLab risk / return rank of 16. There are 66 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	FVIAX vs FEUGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	FVIAX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	88	—	Aug 2010	FVIAX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	86	33.50B	Dec 2009	FVIAX vs VSBSX
MDSIX	Integrity Short Term Government Fund	84	—	Jun 2011	FVIAX vs MDSIX

Top Performing FVIAX Alternatives (YTD)

FVIAX is at 0.19% YTD. There are 47 mutual funds in the Government Bonds category with higher YTD returns, going as high as 1.82%.

Symbol	Name	YTD Return	AUM	Inception
FEUGX	Federated Hermes Adjustable Rate Fund	1.82%	—	Dec 1985	FVIAX vs FEUGX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	1.70%	6.50B	Feb 2015	FVIAX vs VGIVX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	1.65%	6.50B	May 2013	FVIAX vs VGAVX
MDSIX	Integrity Short Term Government Fund	1.65%	—	Jun 2011	FVIAX vs MDSIX
GUSTX	GMO U.S. Treasury Fund	1.46%	—	Mar 2009	FVIAX vs GUSTX

Lowest Volatility Alternatives to FVIAX

FVIAX has 3.78% 1-year volatility. There are 36 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 1.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	1.21%	—	May 1987	FVIAX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.22%	—	Mar 2009	FVIAX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.27%	—	Aug 2010	FVIAX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.28%	33.50B	Dec 2009	FVIAX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.41%	—	Dec 1985	FVIAX vs FEUGX

Lowest Drawdown Alternatives to FVIAX

FVIAX has a 1-year max drawdown of -3.00%. There are 41 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	FVIAX vs GUSTX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	FVIAX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	FVIAX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	FVIAX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	-0.84%	33.50B	Dec 2009	FVIAX vs VSBSX

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	73	11.71%	—	Feb 1988	FVIAX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	85.56%	—	Jul 1985	FVIAX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	12.01%	—	—	FVIAX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	32	8.60%	—	—	FVIAX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	12.08%	—	—	FVIAX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	18.56%	—	Dec 1987	FVIAX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	35	7.76%	176.32B	May 1967	FVIAX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.56%	—	—	FVIAX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.51%	—	Nov 1997	FVIAX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	58	15.53%	—	Jun 2016	FVIAX vs FTIHX

Often Compared With FVIAX

Investors most often compare FVIAX with IVNQX, VFIAX, VIGAX. These 19 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IVNQX	Invesco Nasdaq 100 Index Fund	Large Cap Growth Equities	76	21.57%	—	Oct 2020	FVIAX vs IVNQX
VFIAX	Vanguard 500 Index Fund Admiral Shares	S&P 500, Large Cap Blend Equities	73	11.69%	1.60T	Nov 2000	FVIAX vs VFIAX
VIGAX	Vanguard Growth Index Fund Admiral Shares	Large Cap Growth Equities	34	10.82%	365.00B	Nov 2000	FVIAX vs VIGAX
FFRHX	Fidelity Floating Rate High Income Fund	High Yield Bonds	92	2.05%	—	Aug 2000	FVIAX vs FFRHX
MTUM	iShares MSCI USA Momentum Factor ETF	Momentum, Large Cap Blend Equities	67	31.75%	26.66B	Apr 2013	FVIAX vs MTUM
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	FVIAX vs QQQ
VUG	Vanguard Growth ETF	Large Cap Growth Equities	43	9.49%	365.00B	Jan 2004	FVIAX vs VUG
FADTX	Fidelity Advisor Technology Fund Class A	Technology Equities	—	—	—	Sep 1996	FVIAX vs FADTX
LTUSX	Thornburg Limited Term U.S. Government Fund	Government Bonds	27	0.47%	—	Nov 1987	FVIAX vs LTUSX
VPMCX	Vanguard PRIMECAP Fund Investor Shares	Large Cap Growth Equities	94	25.40%	82.00B	Nov 1984	FVIAX vs VPMCX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	44	0.93%	—	Nov 1985	FVIAX vs PRGMX
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	FVIAX vs VOO
SGINX	DWS GNMA Fund	Government Bonds	31	0.21%	—	Jul 2000	FVIAX vs SGINX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	Government Bonds	6	-0.08%	—	Oct 2015	FVIAX vs FBLTX
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	33	1.23%	—	Jul 1997	FVIAX vs PDMIX
BGNMX	American Century Ginnie Mae Fund	Government Bonds	29	0.74%	343.63M	Sep 1985	FVIAX vs BGNMX
FGMNX	Fidelity GNMA Fund	Government Bonds	41	1.09%	—	Nov 1985	FVIAX vs FGMNX
VFIJX	Vanguard GNMA Fund Admiral Shares	Government Bonds	34	0.83%	11.00B	Feb 2001	FVIAX vs VFIJX
PEDIX	PIMCO Extended Duration Fund	Government Bonds	6	0.05%	—	Aug 2006	FVIAX vs PEDIX

Compare FVIAX with Any Fund or Stock

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

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Diversifiers

Pair FVIAX with funds that move differently

Fidelity Advisor Government Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FVIAX.

Explore FVIAX Diversifiers

Fidelity Advisor Government Income Fund Class A (FVIAX) Alternatives