BGCIX vs. FAMRX
BGCIX (BlackRock Global Long/Short Credit Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - BGCIX is a Nontraditional Bonds fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BGCIX returned 4.24%/yr vs 12.13%/yr for FAMRX. At a 0.21 correlation, their price movements are largely independent. BGCIX charges 1.12%/yr vs 0.70%/yr for FAMRX.
Performance
BGCIX vs. FAMRX - Performance Comparison
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Returns By Period
In the year-to-date period, BGCIX achieves a 1.44% return, which is significantly lower than FAMRX's 14.17% return. Over the past 10 years, BGCIX has underperformed FAMRX with an annualized return of 4.24%, while FAMRX has yielded a comparatively higher 12.13% annualized return.
BGCIX
- 1D
- -0.11%
- 1M
- 0.44%
- YTD
- 1.44%
- 6M
- 1.66%
- 1Y
- 4.36%
- 3Y*
- 7.14%
- 5Y*
- 3.23%
- 10Y*
- 4.24%
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%
BGCIX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGCIX BlackRock Global Long/Short Credit Fund | 1.44% | 6.55% | 8.47% | 8.87% | -8.02% | 3.48% | 10.71% | 7.43% | -1.78% | 3.46% |
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 BGCIX and FAMRX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2011 | 0.21 |
The correlation between BGCIX and FAMRX shifts across timeframes, from 0.21 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BGCIX vs. FAMRX — Risk / Return Rank
BGCIX
FAMRX
BGCIX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Long/Short Credit Fund (BGCIX) 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.
| BGCIX | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 1.44 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 3.31 | +1.34 |
| Martin ratioReturn relative to average drawdown | 19.56 | 14.35 | +5.20 |
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Drawdowns
BGCIX vs. FAMRX - Drawdown Comparison
The maximum BGCIX drawdown since its inception was -10.37%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for BGCIX and FAMRX.
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Drawdown Indicators
| BGCIX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.37% | -58.65% | +48.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.99% | -9.33% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -2.18% | -15.35% | +13.17% |
Max Drawdown (5Y)Largest decline over 5 years | -9.78% | -26.00% | +16.22% |
Max Drawdown (10Y)Largest decline over 10 years | -10.37% | -30.96% | +20.59% |
Current DrawdownCurrent decline from peak | -0.11% | -0.06% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -12.30% | +11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 2.15% | -1.91% |
Volatility
BGCIX vs. FAMRX - Volatility Comparison
The current volatility for BlackRock Global Long/Short Credit Fund (BGCIX) is 0.42%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.36%. This indicates that BGCIX 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
| BGCIX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 5.36% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 10.97% | -9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 13.13% | -11.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 14.78% | -12.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 15.33% | -12.18% |
BGCIX vs. FAMRX - Expense Ratio Comparison
BGCIX has a 1.12% expense ratio, which is higher than FAMRX's 0.70% expense ratio.
Dividends
BGCIX vs. FAMRX - Dividend Comparison
BGCIX's dividend yield for the trailing twelve months is around 5.74%, more than FAMRX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGCIX BlackRock Global Long/Short Credit Fund | 5.74% | 5.83% | 7.13% | 3.33% | 8.25% | 3.57% | 9.87% | 3.75% | 6.01% | 1.16% | 0.00% | 5.11% |
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
BGCIX and FAMRX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (5.36%) compared to BGCIX (0.42%). In terms of maximum drawdown, BGCIX dropped -10.37% vs FAMRX's -58.65%.
BGCIX currently has the higher Sharpe Ratio (3.34 vs 2.36), 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.
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