Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FWATX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FWATX
FWATX charges 1.05% annually. There are 435 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | — | Jan 2022 | FWATX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | FWATX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | FWATX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FWATX vs VTMFX | |
| Baron WealthBuilder Fund | 0.05% | — | Dec 2017 | FWATX vs BWBIX |
Best Risk-Adjusted Alternatives to FWATX
FWATX has a PortfoliosLab risk / return rank of 44. There are 398 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | FWATX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | FWATX vs TIBIX | |
| Nuveen Flexible Income Fund | 96 | — | Dec 2009 | FWATX vs NWQIX | |
| Pioneer Balanced ESG Fund | 95 | — | Dec 1991 | FWATX vs AYBLX | |
| Victory Pioneer Balanced Fund Class A | 94 | — | Dec 1991 | FWATX vs AOBLX |
Top Performing FWATX Alternatives (YTD)
FWATX is at 6.69% YTD. There are 231 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 34.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 34.11% | — | Jan 1998 | FWATX vs EKBAX | |
| MH Elite Small Cap Fund of Funds Fund | 20.86% | — | Aug 1998 | FWATX vs MHELX | |
| Greenspring Fund | 20.56% | — | Jun 1983 | FWATX vs GRSPX | |
| Thornburg Investment Income Builder Fund Class I | 16.73% | — | Dec 2002 | FWATX vs TIBIX | |
| Sound Mind Investing Fund | 15.84% | — | Dec 2005 | FWATX vs SMIFX |
Lowest Volatility Alternatives to FWATX
FWATX has 10.50% 1-year volatility. There are 399 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | FWATX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.84% | — | Apr 2012 | FWATX vs SCLAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.85% | — | Nov 2003 | FWATX vs SICIX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | FWATX vs AVEFX | |
| American Funds College 2027 Fund | 3.14% | — | Sep 2012 | FWATX vs CSTAX |
Lowest Drawdown Alternatives to FWATX
FWATX has a 1-year max drawdown of -6.48%. There are 296 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | FWATX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | FWATX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | FWATX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | FWATX vs SICIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | -2.70% | — | Sep 2005 | FWATX vs FSIRX |
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 | 52 | 8.21% | — | Feb 1988 | FWATX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 94 | 75.83% | — | Jul 1985 | FWATX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 52 | 8.88% | — | — | FWATX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 52 | 8.93% | — | — | FWATX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 16 | 1.51% | — | — | FWATX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 54 | 13.83% | — | Dec 1987 | FWATX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 30 | 7.14% | 176.32B | May 1967 | FWATX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 49 | 8.03% | — | — | FWATX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 31 | 8.45% | — | Nov 1997 | FWATX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 49 | 12.47% | — | Jun 2016 | FWATX vs FTIHX |
Often Compared With FWATX
Investors most often compare FWATX with CAPAX, AMRMX, IDIVX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare FWATX with Any Fund or Stock
Compare FWATX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FWATX with funds that move differently
Fidelity Advisor Multi-Asset Income Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FWATX.
Explore FWATX Diversifiers