Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to FWATX
FWATX charges 1.05% annually. Among mutual funds in the Diversified Portfolio category, these options have the lowest expense ratios among FWATX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Fidelity 70% Allocation Fund | 0.02% | Jan 1, 2022 | FWATX vs FRGAX | |
| PGIM 60/40 Allocation Fund | 0.03% | Sep 12, 2017 | FWATX vs PALDX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | Dec 8, 2011 | FWATX vs TSAIX | |
| Baron WealthBuilder Fund | 0.05% | Dec 28, 2017 | FWATX vs BWBIX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | Feb 9, 2022 | FWATX vs FYMIX |
Best Risk-Adjusted Alternatives to FWATX
Among mutual funds in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | Nov 16, 2003 | FWATX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | Dec 24, 2002 | FWATX vs TIBIX | |
| Chartwell Income Fund | 96 | Sep 2, 1987 | FWATX vs BERIX | |
| Nuveen Flexible Income Fund | 95 | Dec 8, 2009 | FWATX vs NWQIX | |
| Pioneer Multi-Asset Income Fund A | 93 | Dec 22, 2011 | FWATX vs PMAIX |
Top Performing FWATX Alternatives (YTD)
FWATX alternatives from the Diversified Portfolio category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 9.34% | Apr 8, 2012 | FWATX vs SIFAX | |
| PGIM Real Assets Fund | 9.23% | Dec 29, 2010 | FWATX vs PUDZX | |
| ICON Equity Income Fund | 8.64% | May 9, 2004 | FWATX vs IOEZX | |
| DWS RREEF Real Assets Fund - Class A | 8.59% | Jul 30, 2007 | FWATX vs AAAAX | |
| Concorde Wealth Management Fund | 8.18% | Dec 3, 1987 | FWATX vs CONWX |
Lowest Volatility Alternatives to FWATX
FWATX alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.93% | Nov 16, 2003 | FWATX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.64% | Apr 8, 2012 | FWATX vs SCLAX | |
| Ave Maria Bond Fund | 3.44% | Apr 30, 2003 | FWATX vs AVEFX | |
| American Funds College 2027 Fund | 3.47% | Sep 13, 2012 | FWATX vs CSTAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 3.66% | Nov 16, 2003 | FWATX vs SICIX |
Lowest Drawdown Alternatives to FWATX
FWATX alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.59% | Nov 16, 2003 | FWATX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | Apr 8, 2012 | FWATX vs SCLAX | |
| Ave Maria Bond Fund | -2.52% | Apr 30, 2003 | FWATX vs AVEFX | |
| American Funds College 2027 Fund | -2.72% | Sep 13, 2012 | FWATX vs CSTAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.73% | Nov 16, 2003 | FWATX vs SICIX |
Other Mutual Funds from Fidelity
Most popular Fidelity mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 46 | -7.05% | Feb 17, 1988 | FWATX vs FXAIX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 46 | -6.77% | — | FWATX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 28 | -13.03% | — | FWATX vs FSPGX | |
| Fidelity Select Semiconductors Portfolio | Technology Equities | 94 | 0.00% | Jul 29, 1985 | FWATX vs FSELX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 45 | -6.77% | — | FWATX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 54 | -11.15% | Dec 31, 1987 | FWATX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 45 | -7.30% | — | FWATX vs FNILX | |
| Fidelity Contrafund Fund | Large Cap Growth Equities | 44 | -8.57% | May 17, 1967 | FWATX vs FCNTX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | -1.94% | Nov 5, 1997 | FWATX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 79 | -1.15% | Jun 7, 2016 | FWATX vs FTIHX |
Often Compared With FWATX
What investors most often compare with FWATX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Federated Hermes Capital Income Fund | Diversified Portfolio | 69 | -2.93% | May 26, 1988 | FWATX vs CAPAX | |
| American Funds American Mutual Fund Class A | Large Cap Blend Equities | 37 | -3.14% | Feb 21, 1950 | FWATX vs AMRMX | |
| Integrity Dividend Harvest Fund | Large Cap Value Equities | 80 | 4.46% | May 1, 2012 | FWATX vs IDIVX | |
| American Funds Conservative Growth and Income Port... | Diversified Portfolio | 74 | -1.32% | May 18, 2012 | FWATX vs INPFX |
Compare FWATX with Any Fund or Stock
Compare FWATX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.