BIRDX vs. FASGX
BIRDX (iShares Developed Real Estate Index Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - BIRDX is a REIT fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BIRDX returned 3.55%/yr vs 9.95%/yr for FASGX. A 0.67 correlation means they provide meaningful diversification when combined. BIRDX charges 0.19%/yr vs 0.67%/yr for FASGX.
Performance
BIRDX vs. FASGX - Performance Comparison
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Returns By Period
In the year-to-date period, BIRDX achieves a 6.90% return, which is significantly lower than FASGX's 11.27% return. Over the past 10 years, BIRDX has underperformed FASGX with an annualized return of 3.55%, while FASGX has yielded a comparatively higher 9.95% annualized return.
BIRDX
- 1D
- -0.35%
- 1M
- -2.37%
- YTD
- 6.90%
- 6M
- 7.13%
- 1Y
- 11.60%
- 3Y*
- 9.40%
- 5Y*
- 1.46%
- 10Y*
- 3.55%
FASGX
- 1D
- -0.59%
- 1M
- 2.98%
- YTD
- 11.27%
- 6M
- 12.13%
- 1Y
- 25.26%
- 3Y*
- 16.24%
- 5Y*
- 8.17%
- 10Y*
- 9.95%
BIRDX vs. FASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.90% | 10.27% | 1.49% | 10.38% | -24.68% | 26.90% | -8.24% | 22.33% | -4.80% | 7.56% |
FASGX Fidelity Asset Manager 70% Fund | 11.27% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Correlation
The correlation between BIRDX and FASGX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.67 |
The correlation between BIRDX and FASGX shifts across timeframes, from 0.52 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIRDX vs. FASGX — Risk / Return Rank
BIRDX
FASGX
BIRDX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Real Estate Index Fund (BIRDX) 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.
| BIRDX | FASGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.26 | -2.09 |
| Martin ratioReturn relative to average drawdown | 4.38 | 14.40 | -10.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIRDX | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.50 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.67 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.79 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.63 | -0.41 |
Drawdowns
BIRDX vs. FASGX - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for BIRDX and FASGX.
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Drawdown Indicators
| BIRDX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.03% | -47.35% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -7.95% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.40% | -12.80% | -14.60% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -23.54% | -9.00% |
Max Drawdown (10Y)Largest decline over 10 years | -43.03% | -27.20% | -15.83% |
Current DrawdownCurrent decline from peak | -6.64% | -0.59% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -6.71% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.79% | +0.89% |
Volatility
BIRDX vs. FASGX - Volatility Comparison
iShares Developed Real Estate Index Fund (BIRDX) has a higher volatility of 3.62% compared to Fidelity Asset Manager 70% Fund (FASGX) at 3.37%. This indicates that BIRDX's price experiences larger fluctuations and is considered to be riskier 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
| BIRDX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.37% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 8.40% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 10.35% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 12.27% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 12.65% | +6.44% |
BIRDX vs. FASGX - Expense Ratio Comparison
BIRDX has a 0.19% expense ratio, which is lower than FASGX's 0.67% expense ratio.
Dividends
BIRDX vs. FASGX - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 6.65%, which matches FASGX's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.65% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% | 0.00% |
FASGX Fidelity Asset Manager 70% Fund | 6.59% | 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
BIRDX and FASGX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIRDX has higher volatility (3.62%) compared to FASGX (3.37%). In terms of maximum drawdown, BIRDX dropped -43.03% vs FASGX's -47.35%.
FASGX currently has the higher Sharpe Ratio (2.50 vs 0.99), 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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