FVIIX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to FVIIX

FVIIX charges 0.49% annually. There are 49 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	FVIIX vs GUSTX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FVIIX vs FUMBX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	FVIIX vs FUTBX
FBLTX	Fidelity SAI Long-Term Treasury Bond Index Fund	0.03%	—	Oct 2015	FVIIX vs FBLTX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	—	FVIIX vs FUAMX

Best Risk-Adjusted Alternatives to FVIIX

FVIIX has a PortfoliosLab risk / return rank of 16. There are 59 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	FVIIX vs FEUGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	FVIIX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	87	—	Aug 2010	FVIIX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	86	33.50B	Dec 2009	FVIIX vs VSBSX
MDSIX	Integrity Short Term Government Fund	83	—	Jun 2011	FVIIX vs MDSIX

Top Performing FVIIX Alternatives (YTD)

FVIIX is at 0.31% YTD. There are 37 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	FVIIX vs FEUGX
MDSIX	Integrity Short Term Government Fund	1.54%	—	Jun 2011	FVIIX vs MDSIX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	1.47%	6.50B	Feb 2015	FVIIX vs VGIVX
GUSTX	GMO U.S. Treasury Fund	1.46%	—	Mar 2009	FVIIX vs GUSTX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	1.41%	6.50B	May 2013	FVIIX vs VGAVX

Lowest Volatility Alternatives to FVIIX

FVIIX has 3.78% 1-year volatility. There are 34 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	FVIIX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.22%	—	Mar 2009	FVIIX vs GUSTX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.27%	—	Aug 2010	FVIIX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.28%	33.50B	Dec 2009	FVIIX vs VSBSX
FEUGX	Federated Hermes Adjustable Rate Fund	1.42%	—	Dec 1985	FVIIX vs FEUGX

Lowest Drawdown Alternatives to FVIIX

FVIIX has a 1-year max drawdown of -2.95%. There are 38 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	FVIIX vs GUSTX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	FVIIX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	FVIIX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	FVIIX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	-0.84%	33.50B	Dec 2009	FVIIX 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	75	11.56%	—	Feb 1988	FVIIX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	97	74.49%	—	Jul 1985	FVIIX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	72	11.76%	—	—	FVIIX vs FZROX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	33	9.01%	—	—	FVIIX vs FSPGX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	71	11.81%	—	—	FVIIX vs FSKAX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	75	17.66%	—	Dec 1987	FVIIX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	39	8.01%	176.32B	May 1967	FVIIX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	71	11.27%	—	—	FVIIX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	27	9.06%	—	Nov 1997	FVIIX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	59	14.72%	—	Jun 2016	FVIIX vs FTIHX

Often Compared With FVIIX

Investors most often compare FVIIX with FGOVX, LTUSX, PRGMX. These 11 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FGOVX	Fidelity Government Income Fund	Government Bonds	16	0.22%	—	Apr 1979	FVIIX vs FGOVX
LTUSX	Thornburg Limited Term U.S. Government Fund	Government Bonds	26	0.47%	—	Nov 1987	FVIIX vs LTUSX
PRGMX	T. Rowe Price GNMA Fund	Government Bonds	45	1.25%	—	Nov 1985	FVIIX vs PRGMX
DBLDX	DoubleLine Long Duration Total Return Bond Fund	Government Bonds	7	-0.03%	—	Dec 2014	FVIIX vs DBLDX
BGNMX	American Century Ginnie Mae Fund	Government Bonds	29	0.74%	343.63M	Sep 1985	FVIIX vs BGNMX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	Government Bonds	6	-0.19%	—	Dec 2005	FVIIX vs FNBGX
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	34	1.23%	—	Jul 1997	FVIIX vs PDMIX
SGINX	DWS GNMA Fund	Government Bonds	30	0.13%	—	Jul 2000	FVIIX vs SGINX
VFIJX	Vanguard GNMA Fund Admiral Shares	Government Bonds	32	0.83%	11.00B	Feb 2001	FVIIX vs VFIJX
FGMNX	Fidelity GNMA Fund	Government Bonds	39	1.09%	—	Nov 1985	FVIIX vs FGMNX
PEDIX	PIMCO Extended Duration Fund	Government Bonds	5	-0.27%	—	Aug 2006	FVIIX vs PEDIX

Compare FVIIX with Any Fund or Stock

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

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Diversifiers

Pair FVIIX with funds that move differently

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

Explore FVIIX Diversifiers

Fidelity Advisor Government Income Fund Class I (FVIIX) Alternatives