- ISIN
- US31638R7668
- Issuer
- Fidelity
- Inception Date
- Sep 9, 2015
- Category
- Diversified Portfolio
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FWATX Performance Chart
Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) is up 7.1% since the beginning of the year. FWATX is currently trading at $16 per share. Investors who bought $1,000 worth of FWATX shares 5 years ago would now be looking at an investment worth $1,349.
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Returns By Period
Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) has returned 7.08% so far this year and 18.33% over the past 12 months. Over the last ten years, FWATX has returned 8.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Advisor Multi-Asset Income Fund Class A
- 1D
- 0.80%
- 1M
- -0.56%
- YTD
- 7.08%
- 6M
- 6.57%
- 1Y
- 18.33%
- 3Y*
- 11.76%
- 5Y*
- 6.17%
- 10Y*
- 8.79%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FWATX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, FWATX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +8.5%, while the worst month was Apr 2022 at -6.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FWATX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +4.5%, while the worst single day was Mar 16, 2020 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.36% | 3.35% | -4.50% | 5.30% | 1.02% | -1.33% | 7.08% | ||||||
| 2025 | 2.47% | -1.25% | -3.17% | 0.20% | 3.32% | 4.32% | 1.95% | 1.39% | 4.19% | 2.39% | -1.66% | -0.79% | 13.85% |
| 2024 | 0.49% | 0.86% | 3.14% | -2.73% | 3.86% | -0.14% | 1.39% | 0.79% | 1.98% | -1.24% | 5.37% | -4.42% | 9.33% |
| 2023 | 5.91% | -0.19% | 0.53% | -0.56% | -1.29% | 2.59% | 1.61% | -1.34% | -2.75% | -1.86% | 4.79% | 3.88% | 11.46% |
| 2022 | -2.66% | -0.39% | 1.41% | -6.86% | -1.86% | -6.13% | 4.51% | -1.18% | -5.25% | 2.01% | 4.29% | -1.94% | -13.86% |
| 2021 | 0.92% | 3.21% | 2.41% | 3.33% | 1.76% | 0.40% | 0.32% | 0.99% | -1.85% | 3.98% | -1.38% | 1.99% | 17.12% |
Benchmark Metrics
Fidelity Advisor Multi-Asset Income Fund Class A has an annualized alpha of 2.32%, beta of 0.48, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 55.67% of S&P 500 Index downside but only 53.46% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.32% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.48 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.32%
- Beta
- 0.48
- R²
- 0.77
- Upside Capture
- 53.46%
- Downside Capture
- 55.67%
Expense Ratio
FWATX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FWATX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FWATX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.78 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.13 | 12.44 | -3.30 |
Dividends
Dividend History
Fidelity Advisor Multi-Asset Income Fund Class A provided a 3.23% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.55 | $0.46 | $0.53 | $0.44 | $0.41 | $0.42 | $0.31 | $0.27 | $0.32 | $0.81 |
Dividend yield | 3.23% | 3.53% | 3.28% | 3.97% | 3.52% | 2.73% | 3.18% | 2.60% | 2.71% | 3.09% | 8.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Multi-Asset Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.05 | $0.05 | $0.03 | $0.05 | $0.00 | $0.20 | ||||||
| 2025 | $0.03 | $0.04 | $0.05 | $0.04 | $0.06 | $0.05 | $0.04 | $0.05 | $0.06 | $0.04 | $0.04 | $0.05 | $0.55 |
| 2024 | $0.04 | $0.05 | $0.04 | $0.03 | $0.05 | $0.00 | $0.03 | $0.05 | $0.04 | $0.03 | $0.05 | $0.06 | $0.46 |
| 2023 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.53 |
| 2022 | $0.02 | $0.13 | $0.03 | $0.02 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.05 | $0.05 | $0.04 | $0.44 |
| 2021 | $0.02 | $0.04 | $0.04 | $0.02 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.02 | $0.04 | $0.03 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Multi-Asset Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Multi-Asset Income Fund Class A was 21.66%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.
The current Fidelity Advisor Multi-Asset Income Fund Class A drawdown is 1.81%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.66%Mar 2020 | 1mo 1d | 2mo 17d | 3mo 18dFeb 2020 - Jun 2020 |
Bear market2022 | -18.29%Oct 2022 | 11mo 8d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
2025 selloff2025 | -13.25%Apr 2025 | 4mo | 2mo 23d | 6mo 23dDec 2024 - Jun 2025 |
Rate-hike selloffLate 2018 | -8.95%Dec 2018 | 10mo 29d | 1mo 23d | 1y 17dJan 2018 - Feb 2019 |
2026 pullback2026 | -6.48%Mar 2026 | 27d | 18d | 1mo 15dMar 2026 - Apr 2026 |
Drawdown Indicators
| FWATX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.66% | -56.78% | +35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -9.10% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -18.90% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | -25.43% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -21.66% | -33.92% | +12.26% |
Current DrawdownCurrent decline from peak | -1.81% | -1.80% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -10.71% | +7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.03% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with FWATX
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