Correlation
The correlation between BIAPX and FFNOX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BIAPX vs. FFNOX
Compare and contrast key facts about BlackRock 80/20 Target Allocation Fund (BIAPX) and Fidelity Multi-Asset Index Fund (FFNOX).
BIAPX is managed by Blackrock. It was launched on Dec 20, 2006. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAPX or FFNOX.
Performance
BIAPX vs. FFNOX - Performance Comparison
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Key characteristics
BIAPX:
0.61
FFNOX:
0.70
BIAPX:
0.88
FFNOX:
0.96
BIAPX:
1.12
FFNOX:
1.14
BIAPX:
0.58
FFNOX:
0.65
BIAPX:
2.35
FFNOX:
2.89
BIAPX:
3.65%
FFNOX:
3.19%
BIAPX:
15.75%
FFNOX:
14.98%
BIAPX:
-52.80%
FFNOX:
-49.77%
BIAPX:
-1.87%
FFNOX:
-1.52%
Returns By Period
In the year-to-date period, BIAPX achieves a 2.80% return, which is significantly lower than FFNOX's 4.19% return. Over the past 10 years, BIAPX has underperformed FFNOX with an annualized return of 8.17%, while FFNOX has yielded a comparatively higher 8.75% annualized return.
BIAPX
2.80%
4.98%
1.36%
8.88%
10.87%
11.57%
8.17%
FFNOX
4.19%
4.29%
2.39%
9.80%
11.82%
11.88%
8.75%
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BIAPX vs. FFNOX - Expense Ratio Comparison
BIAPX has a 0.10% expense ratio, which is lower than FFNOX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BIAPX vs. FFNOX — Risk-Adjusted Performance Rank
BIAPX
FFNOX
BIAPX vs. FFNOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 80/20 Target Allocation Fund (BIAPX) and Fidelity Multi-Asset Index Fund (FFNOX). 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.
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Dividends
BIAPX vs. FFNOX - Dividend Comparison
BIAPX's dividend yield for the trailing twelve months is around 8.55%, more than FFNOX's 6.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAPX BlackRock 80/20 Target Allocation Fund | 8.55% | 8.79% | 4.29% | 2.30% | 6.05% | 2.06% | 2.49% | 6.25% | 3.12% | 1.67% | 13.85% | 17.24% |
FFNOX Fidelity Multi-Asset Index Fund | 6.30% | 6.43% | 4.98% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 2.49% | 2.50% | 2.78% | 2.46% |
Drawdowns
BIAPX vs. FFNOX - Drawdown Comparison
The maximum BIAPX drawdown since its inception was -52.80%, which is greater than FFNOX's maximum drawdown of -49.77%. Use the drawdown chart below to compare losses from any high point for BIAPX and FFNOX.
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Volatility
BIAPX vs. FFNOX - Volatility Comparison
BlackRock 80/20 Target Allocation Fund (BIAPX) has a higher volatility of 3.07% compared to Fidelity Multi-Asset Index Fund (FFNOX) at 2.87%. This indicates that BIAPX's price experiences larger fluctuations and is considered to be riskier than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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