BAICX vs. FMSDX
BAICX (BlackRock Multi-Asset Income Portfolio) and FMSDX (Fidelity Multi-Asset Income Fund) are both Diversified Portfolio funds. Over the past 5 years, BAICX returned 3.65%/yr vs 5.52%/yr for FMSDX. Their correlation of 0.81 means they have usually moved in the same direction. BAICX charges 0.81%/yr vs 0.83%/yr for FMSDX.
Performance
BAICX vs. FMSDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAICX achieves a 3.68% return, which is significantly lower than FMSDX's 4.14% return.
BAICX
- 1D
- 0.66%
- 1M
- -0.47%
- 6M
- 2.15%
- YTD
- 3.68%
- 1Y
- 8.52%
- 3Y*
- 8.77%
- 5Y*
- 3.65%
- 10Y*
- 4.96%
- ALL TIME*
- 5.12%
FMSDX
- 1D
- 1.08%
- 1M
- -1.37%
- 6M
- 0.73%
- YTD
- 4.14%
- 1Y
- 10.85%
- 3Y*
- 10.27%
- 5Y*
- 5.52%
- 10Y*
- —
- ALL TIME*
- 9.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BAICX vs. FMSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BAICX BlackRock Multi-Asset Income Portfolio | 3.68% | 11.53% | 7.19% | 9.24% | -12.42% | 6.61% | 6.34% | 13.61% | -3.12% |
FMSDX Fidelity Multi-Asset Income Fund | 4.14% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
Correlation
The correlation between BAICX and FMSDX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018 | 0.81 |
The correlation between BAICX and FMSDX has been stable across timeframes, ranging from 0.72 to 0.82 - 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
BAICX vs. FMSDX — Risk / Return Rank
BAICX
FMSDX
BAICX vs. FMSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Asset Income Portfolio (BAICX) and Fidelity Multi-Asset Income Fund (FMSDX). 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.
| BAICX | FMSDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.61 | +0.16 |
| Martin ratioReturn relative to average drawdown | 7.54 | 4.40 | +3.14 |
Loading charts...
Drawdowns
BAICX vs. FMSDX - Drawdown Comparison
The maximum BAICX drawdown since its inception was -33.29%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for BAICX and FMSDX.
Loading charts...
Drawdown Indicators
| BAICX | FMSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -21.64% | -11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -6.47% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -13.17% | +7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -18.12% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -19.76% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -4.65% | +3.90% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -3.80% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.37% | -1.20% |
Volatility
BAICX vs. FMSDX - Volatility Comparison
The current volatility for BlackRock Multi-Asset Income Portfolio (BAICX) is 1.48%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 3.32%. This indicates that BAICX experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAICX | FMSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 3.32% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.78% | 8.63% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.62% | 10.98% | -5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 10.00% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 10.66% | -4.60% |
BAICX vs. FMSDX - Expense Ratio Comparison
BAICX has a 0.81% expense ratio, which is lower than FMSDX's 0.83% expense ratio.
Dividends
BAICX vs. FMSDX - Dividend Comparison
BAICX's dividend yield for the trailing twelve months is around 5.96%, more than FMSDX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAICX BlackRock Multi-Asset Income Portfolio | 5.96% | 6.26% | 5.85% | 4.20% | 4.21% | 4.90% | 4.07% | 4.69% | 5.28% | 4.60% | 4.71% | 5.34% |
FMSDX Fidelity Multi-Asset Income Fund | 3.51% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BAICX and FMSDX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMSDX has higher volatility (3.32%) compared to BAICX (1.48%). In terms of maximum drawdown, BAICX dropped -33.29% vs FMSDX's -21.64%.
BAICX currently has the higher Sharpe Ratio (1.58 vs 0.95), 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 BAICX and FMSDX
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