AMFAX vs. FASGX
Compare and contrast key facts about AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and Fidelity Asset Manager 70% Fund (FASGX).
AMFAX is managed by BlackRock. It was launched on Jul 30, 2010. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.
Performance
AMFAX vs. FASGX - Performance Comparison
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AMFAX vs. FASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 6.69% | -9.75% | -3.56% | -10.59% | 35.38% | 3.28% | 13.29% | 8.03% | -12.87% | 6.54% |
FASGX Fidelity Asset Manager 70% Fund | -0.70% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Returns By Period
In the year-to-date period, AMFAX achieves a 6.69% return, which is significantly higher than FASGX's -0.70% return. Over the past 10 years, AMFAX has underperformed FASGX with an annualized return of 1.57%, while FASGX has yielded a comparatively higher 8.96% annualized return.
AMFAX
- 1D
- 0.25%
- 1M
- -0.85%
- YTD
- 6.69%
- 6M
- 10.56%
- 1Y
- 3.12%
- 3Y*
- -3.09%
- 5Y*
- 2.04%
- 10Y*
- 1.57%
FASGX
- 1D
- 2.36%
- 1M
- -4.75%
- YTD
- -0.70%
- 6M
- 1.92%
- 1Y
- 17.75%
- 3Y*
- 12.59%
- 5Y*
- 6.64%
- 10Y*
- 8.96%
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AMFAX vs. FASGX - Expense Ratio Comparison
AMFAX has a 1.72% expense ratio, which is higher than FASGX's 0.67% expense ratio.
Return for Risk
AMFAX vs. FASGX — Risk / Return Rank
AMFAX
FASGX
AMFAX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and Fidelity Asset Manager 70% Fund (FASGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AMFAX | FASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 1.41 | -1.15 |
Sortino ratioReturn per unit of downside risk | 0.40 | 2.01 | -1.61 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.30 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.16 | 2.00 | -1.84 |
Martin ratioReturn relative to average drawdown | 0.27 | 8.74 | -8.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMFAX | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.41 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.55 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.71 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.60 | -0.32 |
Correlation
The correlation between AMFAX and FASGX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AMFAX vs. FASGX - Dividend Comparison
AMFAX's dividend yield for the trailing twelve months is around 1.72%, less than FASGX's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 1.72% | 1.84% | 1.28% | 0.30% | 32.70% | 5.74% | 3.14% | 4.71% | 1.31% | 0.00% | 0.00% | 4.92% |
FASGX Fidelity Asset Manager 70% Fund | 7.39% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
Drawdowns
AMFAX vs. FASGX - Drawdown Comparison
The maximum AMFAX drawdown since its inception was -36.84%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for AMFAX and FASGX.
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Drawdown Indicators
| AMFAX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.84% | -47.35% | +10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -9.07% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -36.84% | -23.54% | -13.30% |
Max Drawdown (10Y)Largest decline over 10 years | -36.84% | -27.20% | -9.64% |
Current DrawdownCurrent decline from peak | -24.86% | -5.77% | -19.09% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -6.74% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 2.07% | +6.26% |
Volatility
AMFAX vs. FASGX - Volatility Comparison
The current volatility for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) is 3.91%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 5.30%. This indicates that AMFAX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMFAX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 5.30% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 8.12% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 13.00% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 12.18% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 12.58% | +0.09% |