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BATVX vs. FAMRX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BATVX vs. FAMRX

Last updated Jun 26, 2026

BATVX (BlackRock Allocation Target Shares) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - BATVX is a Municipal Bonds fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 5 years, BATVX returned 1.51%/yr vs 9.12%/yr for FAMRX. At a correlation of -0.02, they often move in opposite directions. BATVX charges 0.00%/yr vs 0.70%/yr for FAMRX.

Performance

BATVX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Allocation Target Shares (BATVX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BATVX achieves a 0.97% return, which is significantly lower than FAMRX's 11.96% return.

BATVX

1D
0.00%
1M
0.20%
YTD
0.97%
6M
1.22%
1Y
2.58%
3Y*
2.47%
5Y*
1.51%
10Y*
—

FAMRX

1D
0.12%
1M
-0.82%
YTD
11.96%
6M
11.28%
1Y
25.89%
3Y*
18.20%
5Y*
9.12%
10Y*
11.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BATVX vs. FAMRX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BATVX
BlackRock Allocation Target Shares		0.97%2.80%2.48%1.41%-0.10%0.00%
FAMRX
Fidelity Asset Manager 85% Fund		11.96%20.87%12.60%18.98%-18.55%7.20%

Correlation

The correlation between BATVX and FAMRX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

-0.02

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

-0.02

Compare stocks, funds, or ETFs

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BlackRock Allocation Target Shares

Fidelity Asset Manager 85% Fund

Often compared with BATVX:
BATVX vs. CBTAXBATVX vs. FOHFXBATVX vs. COLTXBATVX vs. SEPAXBATVX vs. VPALXBATVX vs. PTEAXBATVX vs. NMTRX
Often compared with FAMRX:
FAMRX vs. FXAIXFAMRX vs. FIPFXFAMRX vs. FBALXFAMRX vs. SPYFAMRX vs. GOIIXFAMRX vs. FTRNXFAMRX vs. FNILX

Return for Risk

BATVX vs. FAMRX — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FAMRX
FAMRX Risk / Return Rank: 6767
Overall Rank
FAMRX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FAMRX Sortino Ratio Rank: 6060
Sortino Ratio Rank
FAMRX Omega Ratio Rank: 6464
Omega Ratio Rank
FAMRX Calmar Ratio Rank: 6969
Calmar Ratio Rank
FAMRX Martin Ratio Rank: 7676
Martin Ratio Rank
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.

BATVX vs. FAMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares (BATVX) 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.

BATVXFAMRXDifference
Sharpe ratioReturn per unit of total volatility
3.57
1.96

+1.61

Sortino ratioReturn per unit of downside risk

—

2.68

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

2.77

—

Martin ratioReturn relative to average drawdown

—

11.97

—

BATVX vs. FAMRX - Sharpe Ratio Comparison

The current BATVX Sharpe Ratio is 3.57, which is higher than the FAMRX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BATVX 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.

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Drawdowns

BATVX vs. FAMRX - Drawdown Comparison

The maximum BATVX drawdown since its inception was -0.20%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for BATVX and FAMRX.

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Drawdown Indicators

BATVXFAMRXDifference

Max Drawdown

Largest peak-to-trough decline

-0.20%

-58.65%

+58.45%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-9.33%

+9.33%

Max Drawdown (3Y)

Largest decline over 3 years

-0.10%

-15.35%

+15.25%

Max Drawdown (5Y)

Largest decline over 5 years

-0.20%

-26.00%

+25.80%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.96%

—

Current Drawdown

Current decline from peak

0.00%

-2.00%

+2.00%

Average Drawdown

Average peak-to-trough decline

-0.02%

-12.30%

+12.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

2.16%

-2.16%

Volatility

BATVX vs. FAMRX - Volatility Comparison

The current volatility for BlackRock Allocation Target Shares (BATVX) is 0.20%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.78%. This indicates that BATVX 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.

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Volatility by Period

BATVXFAMRXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.20%

5.78%

-5.58%

Volatility (6M)

Calculated over the trailing 6-month period

0.49%

11.15%

-10.66%

Volatility (1Y)

Calculated over the trailing 1-year period

0.73%

13.26%

-12.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.64%

14.81%

-14.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.63%

15.29%

-14.66%

BATVX vs. FAMRX - Expense Ratio Comparison

BATVX has a 0.00% expense ratio, which is lower than FAMRX's 0.70% expense ratio.

Dividends

BATVX vs. FAMRX - Dividend Comparison

BATVX's dividend yield for the trailing twelve months is around 2.55%, less than FAMRX's 4.97% yield.

PositionTTM20252024202320222021202020192018201720162015
BATVX
BlackRock Allocation Target Shares		2.55%2.76%2.44%1.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FAMRX
Fidelity Asset Manager 85% Fund		4.97%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

BATVX and FAMRX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FAMRX has higher volatility (5.78%) compared to BATVX (0.20%). In terms of maximum drawdown, BATVX dropped -0.20% vs FAMRX's -58.65%.

BATVX currently has the higher Sharpe Ratio (3.57 vs 1.96), 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.

Portfolio Optimizer

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