ATESX vs. FAMRX

Last updated Jun 24, 2026

ATESX (Anchor Risk Managed Equity Strategies Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - ATESX is a Long-Short fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 5 years, ATESX returned 5.16%/yr vs 9.75%/yr for FAMRX. A 0.58 correlation means they provide meaningful diversification when combined. ATESX charges 2.10%/yr vs 0.70%/yr for FAMRX.

Performance

ATESX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anchor Risk Managed Equity Strategies Fund (ATESX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATESX achieves a 8.26% return, which is significantly lower than FAMRX's 14.17% return.

ATESX

• 1D: -0.30%
• 1M: -0.77%
• YTD: 8.26%
• 6M: 7.01%
• 1Y: 14.83%
• 3Y*: 7.42%
• 5Y*: 5.16%
• 10Y*: —

FAMRX

• 1D: -0.06%
• 1M: 2.43%
• YTD: 14.17%
• 6M: 13.73%
• 1Y: 29.75%
• 3Y*: 18.98%
• 5Y*: 9.75%
• 10Y*: 12.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATESX vs. FAMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATESX Anchor Risk Managed Equity Strategies Fund	8.26%	5.56%	7.21%	8.12%	-9.25%	11.06%	18.02%	20.31%	3.72%	16.12%
FAMRX Fidelity Asset Manager 85% Fund	14.17%	20.87%	12.60%	18.98%	-18.55%	17.10%	19.37%	26.26%	-9.21%	21.08%

Correlation

The correlation between ATESX and FAMRX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.58

The correlation between ATESX and FAMRX shifts across timeframes, from 0.54 (5 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ATESX vs. FAMRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATESX

ATESX Risk / Return Rank: 21
ATESX Sharpe Ratio Rank: 24
ATESX Sortino Ratio Rank: 19
ATESX Omega Ratio Rank: 27
ATESX Calmar Ratio Rank: 24
ATESX Martin Ratio Rank: 12

FAMRX

FAMRX Risk / Return Rank: 77
FAMRX Sharpe Ratio Rank: 77
FAMRX Sortino Ratio Rank: 71
FAMRX Omega Ratio Rank: 74
FAMRX Calmar Ratio Rank: 77
FAMRX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATESX vs. FAMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Equity Strategies Fund (ATESX) and Fidelity Asset Manager 85% Fund (FAMRX). 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.

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.

	ATESX	FAMRX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	2.36	-1.07
Sortino ratio: Return per unit of downside risk	1.71	3.20	-1.49
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.18
Calmar ratio: Return relative to maximum drawdown	1.69	3.31	-1.62
Martin ratio: Return relative to average drawdown	3.23	14.35	-11.13

ATESX vs. FAMRX - Sharpe Ratio Comparison

The current ATESX Sharpe Ratio is 1.29, which is lower than the FAMRX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of ATESX and FAMRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATESX vs. FAMRX - Drawdown Comparison

The maximum ATESX drawdown since its inception was -12.87%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for ATESX and FAMRX.

Drawdown Indicators

	ATESX	FAMRX	Difference
Max Drawdown Largest peak-to-trough decline	-12.87%	-58.65%	+45.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-9.33%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-10.73%	-15.35%	+4.62%
Max Drawdown (5Y) Largest decline over 5 years	-12.87%	-26.00%	+13.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.96%	—
Current Drawdown Current decline from peak	-3.76%	-0.06%	-3.70%
Average Drawdown Average peak-to-trough decline	-3.69%	-12.30%	+8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	2.15%	+2.51%

Volatility

ATESX vs. FAMRX - Volatility Comparison

Anchor Risk Managed Equity Strategies Fund (ATESX) has a higher volatility of 6.02% compared to Fidelity Asset Manager 85% Fund (FAMRX) at 5.36%. This indicates that ATESX's price experiences larger fluctuations and is considered to be riskier than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATESX	FAMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	5.36%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	10.97%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	13.13%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.67%	14.78%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.09%	15.33%	-4.24%

ATESX vs. FAMRX - Expense Ratio Comparison

ATESX has a 2.10% expense ratio, which is higher than FAMRX's 0.70% expense ratio.

Dividends

ATESX vs. FAMRX - Dividend Comparison

ATESX has not paid dividends to shareholders, while FAMRX's dividend yield for the trailing twelve months is around 4.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATESX Anchor Risk Managed Equity Strategies Fund	0.00%	0.00%	0.00%	1.30%	7.45%	0.00%	0.00%	11.78%	7.70%	6.02%	0.00%	0.00%
FAMRX Fidelity Asset Manager 85% Fund	4.87%	5.56%	3.44%	1.33%	5.07%	3.15%	1.99%	5.52%	5.62%	2.31%	0.28%	4.83%

Frequently Asked Questions

Can I hold both ATESX and FAMRX in my portfolio?

ATESX and FAMRX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATESX or FAMRX?

ATESX has higher volatility (6.02%) compared to FAMRX (5.36%). In terms of maximum drawdown, ATESX dropped -12.87% vs FAMRX's -58.65%.

Which has better risk-adjusted returns?

FAMRX currently has the higher Sharpe Ratio (2.36 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.