BIRDX vs. FFANX
BIRDX (iShares Developed Real Estate Index Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - BIRDX is a REIT fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BIRDX returned 4.01%/yr vs 6.91%/yr for FFANX. A 0.68 correlation means they provide meaningful diversification when combined. BIRDX charges 0.19%/yr vs 0.52%/yr for FFANX.
Performance
BIRDX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, BIRDX achieves a 9.99% return, which is significantly higher than FFANX's 6.66% return. Over the past 10 years, BIRDX has underperformed FFANX with an annualized return of 4.01%, while FFANX has yielded a comparatively higher 6.91% annualized return.
BIRDX
- 1D
- 0.45%
- 1M
- -0.22%
- YTD
- 9.99%
- 6M
- 9.59%
- 1Y
- 14.69%
- 3Y*
- 11.70%
- 5Y*
- 1.94%
- 10Y*
- 4.01%
FFANX
- 1D
- 0.27%
- 1M
- -0.07%
- YTD
- 6.66%
- 6M
- 6.30%
- 1Y
- 14.80%
- 3Y*
- 11.01%
- 5Y*
- 5.12%
- 10Y*
- 6.91%
BIRDX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 9.99% | 10.27% | 1.49% | 10.38% | -24.68% | 26.90% | -8.24% | 22.33% | -4.80% | 7.56% |
FFANX Fidelity Asset Manager 40% Fund | 6.66% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between BIRDX and FFANX is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.68 |
The correlation between BIRDX and FFANX shifts across timeframes, from 0.51 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BIRDX vs. FFANX — Risk / Return Rank
BIRDX
FFANX
BIRDX vs. FFANX - 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 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.
| BIRDX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.86 | -1.59 |
| Martin ratioReturn relative to average drawdown | 4.66 | 12.15 | -7.50 |
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Drawdowns
BIRDX vs. FFANX - Drawdown Comparison
The maximum BIRDX drawdown since its inception was -43.03%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for BIRDX and FFANX.
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Drawdown Indicators
| BIRDX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.03% | -31.69% | -11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -5.20% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -27.40% | -7.55% | -19.85% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -18.52% | -14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -43.03% | -18.52% | -24.51% |
Current DrawdownCurrent decline from peak | -3.94% | -0.86% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -3.79% | -7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.22% | +1.51% |
Volatility
BIRDX vs. FFANX - Volatility Comparison
iShares Developed Real Estate Index Fund (BIRDX) has a higher volatility of 4.19% compared to Fidelity Asset Manager 40% Fund (FFANX) at 3.13%. This indicates that BIRDX's price experiences larger fluctuations and is considered to be riskier 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
| BIRDX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.13% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 6.09% | +3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 7.14% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.29% | 7.95% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 7.72% | +11.37% |
BIRDX vs. FFANX - Expense Ratio Comparison
BIRDX has a 0.19% expense ratio, which is lower than FFANX's 0.52% expense ratio.
Dividends
BIRDX vs. FFANX - Dividend Comparison
BIRDX's dividend yield for the trailing twelve months is around 6.46%, more than FFANX's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.46% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% | 0.00% |
FFANX Fidelity Asset Manager 40% Fund | 3.68% | 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
BIRDX and FFANX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIRDX has higher volatility (4.19%) compared to FFANX (3.13%). In terms of maximum drawdown, BIRDX dropped -43.03% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.09 vs 1.04), 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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