ATWYX vs. FAMRX
ATWYX (AB Tax-Managed Wealth Appreciation Strategy) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - ATWYX is a Global Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, ATWYX returned 12.55%/yr vs 12.17%/yr for FAMRX. With a 0.97 correlation, they move nearly in lockstep. ATWYX charges 0.38%/yr vs 0.70%/yr for FAMRX.
Performance
ATWYX vs. FAMRX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ATWYX achieves a 10.18% return, which is significantly lower than FAMRX's 12.52% return. Both investments have delivered pretty close results over the past 10 years, with ATWYX having a 12.55% annualized return and FAMRX not far behind at 12.17%.
ATWYX
- 1D
- 0.25%
- 1M
- -0.80%
- YTD
- 10.18%
- 6M
- 9.21%
- 1Y
- 22.82%
- 3Y*
- 20.15%
- 5Y*
- 10.61%
- 10Y*
- 12.55%
FAMRX
- 1D
- 0.50%
- 1M
- -0.26%
- YTD
- 12.52%
- 6M
- 11.73%
- 1Y
- 25.33%
- 3Y*
- 18.43%
- 5Y*
- 9.22%
- 10Y*
- 12.17%
ATWYX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 10.18% | 21.44% | 18.72% | 20.55% | -18.58% | 20.45% | 12.70% | 25.56% | -9.76% | 23.04% |
FAMRX Fidelity Asset Manager 85% Fund | 12.52% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between ATWYX and FAMRX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2003 | 0.97 |
The correlation between ATWYX and FAMRX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ATWYX vs. FAMRX — Risk / Return Rank
ATWYX
FAMRX
ATWYX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) 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.
| ATWYX | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.85 | -0.38 |
| Martin ratioReturn relative to average drawdown | 10.80 | 12.31 | -1.51 |
Loading charts...
Drawdowns
ATWYX vs. FAMRX - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -59.14%, roughly equal to the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for ATWYX and FAMRX.
Loading charts...
Drawdown Indicators
| ATWYX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.14% | -58.65% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -9.33% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -15.35% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -26.00% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -30.96% | -3.37% |
Current DrawdownCurrent decline from peak | -1.87% | -1.50% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -9.96% | -12.30% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.16% | +0.07% |
Volatility
ATWYX vs. FAMRX - Volatility Comparison
The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 5.04%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.66%. This indicates that ATWYX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ATWYX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 5.66% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 11.14% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 13.23% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 14.81% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.73% | 15.28% | +1.45% |
ATWYX vs. FAMRX - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is lower than FAMRX's 0.70% expense ratio.
Dividends
ATWYX vs. FAMRX - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 4.00%, less than FAMRX's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 4.00% | 4.41% | 2.49% | 1.84% | 5.88% | 5.81% | 1.23% | 4.93% | 5.57% | 12.93% | 3.16% | 7.84% |
FAMRX Fidelity Asset Manager 85% Fund | 4.94% | 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
With a correlation of 0.98, ATWYX and FAMRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FAMRX has higher volatility (5.66%) compared to ATWYX (5.04%). In terms of maximum drawdown, ATWYX dropped -59.14% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (2.01 vs 1.80), 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.
Find the right allocation for ATWYX and FAMRX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer