BILPX vs. FFANX
BILPX (BlackRock Event Driven Equity Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - BILPX is a Event Driven fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BILPX returned 5.10%/yr vs 6.99%/yr for FFANX. A 0.70 correlation means they provide meaningful diversification when combined. BILPX charges 1.16%/yr vs 0.52%/yr for FFANX.
Performance
BILPX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, BILPX achieves a 2.21% return, which is significantly lower than FFANX's 7.45% return. Over the past 10 years, BILPX has underperformed FFANX with an annualized return of 5.10%, while FFANX has yielded a comparatively higher 6.99% annualized return.
BILPX
- 1D
- 0.09%
- 1M
- 0.28%
- YTD
- 2.21%
- 6M
- 2.21%
- 1Y
- 5.95%
- 3Y*
- 7.05%
- 5Y*
- 3.87%
- 10Y*
- 5.10%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
BILPX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 2.21% | 8.43% | 4.37% | 5.38% | 0.01% | 1.95% | 6.30% | 7.29% | 5.47% | 7.15% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between BILPX and FFANX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2007 | 0.70 |
Over the past year, the correlation between BILPX and FFANX has dropped to 0.50 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
BILPX vs. FFANX — Risk / Return Rank
BILPX
FFANX
BILPX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Event Driven Equity Fund (BILPX) and Fidelity Asset Manager 40% Fund (FFANX). 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.
| BILPX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.47 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 3.27 | +0.78 |
| Martin ratioReturn relative to average drawdown | 15.35 | 13.95 | +1.40 |
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Drawdowns
BILPX vs. FFANX - Drawdown Comparison
The maximum BILPX drawdown since its inception was -47.50%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for BILPX and FFANX.
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Drawdown Indicators
| BILPX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -31.69% | -15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -5.20% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.33% | -7.55% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -4.53% | -18.52% | +13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -11.58% | -18.52% | +6.94% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -3.79% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.22% | -0.82% |
Volatility
BILPX vs. FFANX - Volatility Comparison
The current volatility for BlackRock Event Driven Equity Fund (BILPX) is 0.76%, while Fidelity Asset Manager 40% Fund (FFANX) has a volatility of 2.94%. This indicates that BILPX experiences smaller price fluctuations and is considered to be less risky than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BILPX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.94% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 6.01% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.92% | 7.09% | -4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.10% | 7.94% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 7.74% | -3.10% |
BILPX vs. FFANX - Expense Ratio Comparison
BILPX has a 1.16% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
BILPX vs. FFANX - Dividend Comparison
BILPX's dividend yield for the trailing twelve months is around 4.10%, more than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILPX BlackRock Event Driven Equity Fund | 4.10% | 4.19% | 4.16% | 1.99% | 2.58% | 2.66% | 2.97% | 3.41% | 1.97% | 5.12% | 1.11% | 74.64% |
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
Frequently Asked Questions
BILPX and FFANX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFANX has higher volatility (2.94%) compared to BILPX (0.76%). In terms of maximum drawdown, BILPX dropped -47.50% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 2.12), 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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