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 80 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.01% | — | Mar 2009 | FVIAX vs GUSTX | |
| Fidelity Intermediate Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FVIAX vs FUAMX | |
| Fidelity SAI U.S. Treasury Bond Index Fund | 0.03% | — | Mar 2016 | FVIAX vs FUTBX | |
| Fidelity SAI Long-Term Treasury Bond Index Fund | 0.03% | — | Oct 2015 | FVIAX vs FBLTX | |
| Fidelity Short-Term Treasury Bond Index Fund | 0.03% | — | Dec 2005 | FVIAX vs FUMBX |
Best Risk-Adjusted Alternatives to FVIAX
FVIAX has a PortfoliosLab risk / return rank of 15. There are 63 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 99 | — | Dec 1985 | FVIAX vs FEUGX | |
| DFA Short-Term Government Portfolio | 99 | 1.81B | May 1987 | FVIAX vs DFFGX | |
| GMO U.S. Treasury Fund | 99 | — | Mar 2009 | FVIAX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 90 | — | Aug 2010 | FVIAX vs VSBIX | |
| Integrity Short Term Government Fund | 89 | — | Jun 2011 | FVIAX vs MDSIX |
Top Performing FVIAX Alternatives (YTD)
FVIAX is at -0.42% YTD. There are 51 mutual funds in the Government Bonds category with higher YTD returns, going as high as 2.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Adjustable Rate Fund | 2.05% | — | Dec 1985 | FVIAX vs FEUGX | |
| Integrity Short Term Government Fund | 1.86% | — | Jun 2011 | FVIAX vs MDSIX | |
| GMO U.S. Treasury Fund | 1.59% | — | Mar 2009 | FVIAX vs GUSTX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 1.50% | 6.60B | Feb 2015 | FVIAX vs VGIVX | |
| DFA Short-Term Government Portfolio | 1.48% | 1.81B | May 1987 | FVIAX vs DFFGX |
Lowest Volatility Alternatives to FVIAX
FVIAX has 3.60% 1-year volatility. There are 34 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.78%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Government Portfolio | 0.78% | 1.81B | May 1987 | FVIAX vs DFFGX | |
| GMO U.S. Treasury Fund | 1.27% | — | Mar 2009 | FVIAX vs GUSTX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | 1.30% | — | Aug 2010 | FVIAX vs VSBIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 1.31% | 33.90B | Dec 2009 | FVIAX vs VSBSX | |
| Federated Hermes Adjustable Rate Fund | 1.36% | — | 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 | |
|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | -0.20% | — | Mar 2009 | FVIAX vs GUSTX | |
| DFA Short-Term Government Portfolio | -0.30% | 1.81B | May 1987 | FVIAX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | -0.32% | — | Dec 1985 | FVIAX vs FEUGX | |
| Davis Government Bond Fund | -0.77% | — | Nov 1994 | FVIAX vs RFBAX | |
| Vanguard Short-Term Treasury Index Fund Institutio... | -0.81% | — | Aug 2010 | FVIAX vs VSBIX |
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 | 60 | 10.18% | — | Feb 1988 | FVIAX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 89 | 60.71% | — | Jul 1985 | FVIAX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 62 | 11.00% | — | — | FVIAX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 61 | 10.98% | — | — | FVIAX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 3.03% | — | — | FVIAX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 52 | 14.20% | — | Dec 1987 | FVIAX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 9.37% | 176.32B | May 1967 | FVIAX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 58 | 10.25% | — | — | FVIAX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 36 | 9.38% | — | Nov 1997 | FVIAX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 50 | 11.66% | — | Jun 2016 | FVIAX vs FTIHX |
Often Compared With FVIAX
Investors most often compare FVIAX with IVNQX, VFIAX, VIGAX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FVIAX with Any Fund or Stock
Compare FVIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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