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BIDAX vs. FASGX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BIDAX vs. FASGX

Last updated Jun 4, 2026

BIDAX (iShares Municipal Bond Index Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - BIDAX is a Municipal Bonds fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by BlackRock. Over the past 5 years, BIDAX returned 0.69%/yr vs 8.47%/yr for FASGX. At a 0.11 correlation, their price movements are largely independent. BIDAX charges 0.50%/yr vs 0.67%/yr for FASGX.

Performance

BIDAX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Municipal Bond Index Fund (BIDAX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BIDAX achieves a 1.41% return, which is significantly lower than FASGX's 11.93% return.

BIDAX

1D
0.18%
1M
0.72%
YTD
1.41%
6M
1.76%
1Y
6.97%
3Y*
3.69%
5Y*
0.69%
10Y*
—

FASGX

1D
0.51%
1M
4.40%
YTD
11.93%
6M
12.90%
1Y
26.54%
3Y*
16.47%
5Y*
8.47%
10Y*
10.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BIDAX vs. FASGX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BIDAX
iShares Municipal Bond Index Fund		1.41%4.52%1.44%5.74%-9.41%1.38%4.70%7.56%1.44%
FASGX
Fidelity Asset Manager 70% Fund		11.93%18.23%10.81%16.45%-16.83%13.98%17.19%22.81%-5.23%

Correlation

The correlation between BIDAX and FASGX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.23

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

0.19

Correlation (All Time)
Calculated using the full available price history since Nov 19, 2018

0.11

The correlation between BIDAX and FASGX shifts across timeframes, from 0.11 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

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iShares Municipal Bond Index Fund

Fidelity Asset Manager 70% Fund

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Return for Risk

BIDAX vs. FASGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BIDAX
BIDAX Risk / Return Rank: 6767
Overall Rank
BIDAX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
BIDAX Sortino Ratio Rank: 8686
Sortino Ratio Rank
BIDAX Omega Ratio Rank: 9090
Omega Ratio Rank
BIDAX Calmar Ratio Rank: 3939
Calmar Ratio Rank
BIDAX Martin Ratio Rank: 3636
Martin Ratio Rank
FASGX
FASGX Risk / Return Rank: 7777
Overall Rank
FASGX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
FASGX Sortino Ratio Rank: 7676
Sortino Ratio Rank
FASGX Omega Ratio Rank: 7474
Omega Ratio Rank
FASGX Calmar Ratio Rank: 7575
Calmar Ratio Rank
FASGX Martin Ratio Rank: 8080
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.

BIDAX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Municipal Bond Index Fund (BIDAX) and Fidelity Asset Manager 70% Fund (FASGX). 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.

BIDAXFASGXDifference
Sharpe ratioReturn per unit of total volatility
2.63
2.61

+0.02

Sortino ratioReturn per unit of downside risk
4.14
3.64

+0.50

Omega ratioGain probability vs. loss probability

1.66

1.49

+0.17

Calmar ratioReturn relative to maximum drawdown

2.37

3.39

-1.02

Martin ratioReturn relative to average drawdown

8.02

14.98

-6.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIDAX vs. FASGX - Sharpe Ratio Comparison

The current BIDAX Sharpe Ratio is 2.63, which is comparable to the FASGX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of BIDAX and FASGX, 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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Sharpe Ratios by Period

BIDAXFASGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.63

2.61

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.17

0.69

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.63

-0.09

Drawdowns

BIDAX vs. FASGX - Drawdown Comparison

The maximum BIDAX drawdown since its inception was -14.39%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for BIDAX and FASGX.

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Drawdown Indicators

BIDAXFASGXDifference

Max Drawdown

Largest peak-to-trough decline

-14.39%

-47.35%

+32.96%

Max Drawdown (1Y)

Largest decline over 1 year

-2.95%

-7.95%

+5.00%

Max Drawdown (3Y)

Largest decline over 3 years

-6.07%

-12.80%

+6.73%

Max Drawdown (5Y)

Largest decline over 5 years

-14.39%

-23.54%

+9.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.20%

—

Current Drawdown

Current decline from peak

-0.65%

0.00%

-0.65%

Average Drawdown

Average peak-to-trough decline

-3.52%

-6.71%

+3.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.87%

1.79%

-0.92%

Volatility

BIDAX vs. FASGX - Volatility Comparison

The current volatility for iShares Municipal Bond Index Fund (BIDAX) is 1.06%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.30%. This indicates that BIDAX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BIDAXFASGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.06%

3.30%

-2.24%

Volatility (6M)

Calculated over the trailing 6-month period

2.06%

8.39%

-6.33%

Volatility (1Y)

Calculated over the trailing 1-year period

2.68%

10.34%

-7.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.08%

12.27%

-8.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.44%

12.65%

-8.21%

BIDAX vs. FASGX - Expense Ratio Comparison

BIDAX has a 0.50% expense ratio, which is lower than FASGX's 0.67% expense ratio.

Dividends

BIDAX vs. FASGX - Dividend Comparison

BIDAX's dividend yield for the trailing twelve months is around 3.11%, less than FASGX's 6.55% yield.

PositionTTM20252024202320222021202020192018201720162015
BIDAX
iShares Municipal Bond Index Fund		3.11%4.09%3.25%2.16%1.92%2.36%2.35%3.64%0.48%0.00%0.00%0.00%
FASGX
Fidelity Asset Manager 70% Fund		6.55%7.33%4.60%1.72%6.69%2.73%2.20%5.19%6.31%2.75%0.20%5.58%

Frequently Asked Questions

BIDAX and FASGX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FASGX has higher volatility (3.30%) compared to BIDAX (1.06%). In terms of maximum drawdown, BIDAX dropped -14.39% vs FASGX's -47.35%.

BIDAX currently has the higher Sharpe Ratio (2.63 vs 2.61), 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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