SPHIX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to SPHIX

SPHIX charges 0.69% annually. There are 53 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	SPHIX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	SPHIX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	SPHIX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	SPHIX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	SPHIX vs CRDOX

Best Risk-Adjusted Alternatives to SPHIX

SPHIX has a PortfoliosLab risk / return rank of 90. There are 27 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	SPHIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	SPHIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	SPHIX vs RPHIX
ICMUX	Intrepid Income Fund	97	—	Aug 2010	SPHIX vs ICMUX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	SPHIX vs PSHNX

Top Performing SPHIX Alternatives (YTD)

SPHIX is at 2.43% YTD. There are 22 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.04%	—	Dec 2014	SPHIX vs XILSX
FOCIX	Fairholme Focused Income Fund	9.48%	—	Dec 2009	SPHIX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.47%	—	Nov 1977	SPHIX vs FAGIX
JGH	Nuveen Global High Income Fund	5.11%	—	Nov 2014	SPHIX vs JGH
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	4.93%	—	Oct 2018	SPHIX vs FIQTX

Lowest Volatility Alternatives to SPHIX

SPHIX has 3.35% 1-year volatility. There are 105 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.83%	—	Sep 2010	SPHIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	SPHIX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	SPHIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	SPHIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	SPHIX vs OSTIX

Lowest Drawdown Alternatives to SPHIX

SPHIX has a 1-year max drawdown of -2.33%. There are 75 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	SPHIX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	SPHIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	SPHIX vs CCLFX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	SPHIX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	SPHIX vs SCFIX

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	64	9.35%	—	Feb 1988	SPHIX vs FXAIX
FSELX	Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	80	48.22%	—	Jul 1985	SPHIX vs FSELX
FZROX	Fidelity ZERO Total Market Index Fund	Large Cap Blend Equities	64	9.94%	—	—	SPHIX vs FZROX
FSKAX	Fidelity Total Market Index Fund	Large Cap Blend Equities	63	9.87%	—	—	SPHIX vs FSKAX
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	11	-0.52%	—	—	SPHIX vs FSPGX
FBGRX	Fidelity Blue Chip Growth Fund	Large Cap Growth Equities	40	10.15%	—	Dec 1987	SPHIX vs FBGRX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	28	5.62%	176.32B	May 1967	SPHIX vs FCNTX
FNILX	Fidelity ZERO Large Cap Index Fund	Large Cap Blend Equities	59	9.06%	—	—	SPHIX vs FNILX
FSPSX	Fidelity International Index Fund	Foreign Large Cap Equities	70	12.57%	—	Nov 1997	SPHIX vs FSPSX
FTIHX	Fidelity Total International Index Fund	Foreign Large Cap Equities	73	12.99%	—	Jun 2016	SPHIX vs FTIHX

Often Compared With SPHIX

Investors most often compare SPHIX with AHITX, SGOV, FHIFX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AHITX	American Funds American High-Income Trust	High Yield Bonds	70	0.99%	—	Feb 1988	SPHIX vs AHITX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	2.11%	99.95B	May 2020	SPHIX vs SGOV
FHIFX	Fidelity Focused High Income Fund	High Yield Bonds	83	1.19%	—	Sep 2004	SPHIX vs FHIFX
BDJ	BlackRock Enhanced Equity Dividend Trust	Derivative Income	64	8.08%	—	Aug 2005	SPHIX vs BDJ
PRHYX	T. Rowe Price High Yield Fund	High Yield Bonds	67	1.10%	—	Dec 1984	SPHIX vs PRHYX
VOO	Vanguard S&P 500 ETF	S&P 500	68	10.16%	1.70T	Sep 2010	SPHIX vs VOO
FAHDX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	69	4.71%	—	Jan 1987	SPHIX vs FAHDX
VQNPX	Vanguard Growth and Income Fund Investor Shares	Large Cap Blend Equities	48	7.83%	18.50B	Dec 1986	SPHIX vs VQNPX
JANFX	Janus Henderson Flexible Bond Fund	Intermediate Core-Plus Bond	24	-0.65%	—	Jul 1987	SPHIX vs JANFX
IYW	iShares U.S. Technology ETF	Technology Equities	51	19.29%	23.58B	May 2000	SPHIX vs IYW
VLT	Invesco High Income Trust II		40	-5.14%	—	—	SPHIX vs VLT
JHTFX	John Hancock High Yield Municipal Bond Fund	High Yield Muni	80	1.83%	—	Dec 1993	SPHIX vs JHTFX
XLE	State Street Energy Select Sector SPDR ETF	Energy Equities	76	35.03%	38.64B	Dec 1998	SPHIX vs XLE
XLP	State Street Consumer Staples Select Sector SPDR E...	Consumer Staples Equities	27	10.87%	14.95B	Dec 1998	SPHIX vs XLP
FIWDX	Fidelity Advisor Strategic Income Fund Class Z	Total Bond Market	70	1.79%	—	Oct 2018	SPHIX vs FIWDX
FSAHX	Fidelity Short Duration High Income Fund	High Yield Bonds	94	2.42%	—	Nov 2013	SPHIX vs FSAHX
FAPGX	Fidelity Sustainable Low Duration Bond	Ultrashort Bond	99	1.75%	—	Apr 2022	SPHIX vs FAPGX
DGRO	iShares Core Dividend Growth ETF	Large Cap Growth Equities, Dividend	91	13.39%	42.77B	Jun 2014	SPHIX vs DGRO
THOPX	Thompson Bond Fund	Short-Term Bond	91	1.33%	—	Feb 1992	SPHIX vs THOPX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	1.93%	—	Feb 2011	SPHIX vs SHOYX

Compare SPHIX with Any Fund or Stock

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

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Diversifiers

Pair SPHIX with funds that move differently

Fidelity High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPHIX.

Explore SPHIX Diversifiers

Fidelity High Income Fund (SPHIX) Alternatives