BIREX vs. FFANX
BIREX (BlackRock Real Estate Securities Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - BIREX is a REIT fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BIREX returned 6.43%/yr vs 6.99%/yr for FFANX. A 0.59 correlation means they provide meaningful diversification when combined. BIREX charges 0.75%/yr vs 0.52%/yr for FFANX.
Performance
BIREX vs. FFANX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIREX achieves a 14.21% return, which is significantly higher than FFANX's 7.45% return. Over the past 10 years, BIREX has underperformed FFANX with an annualized return of 6.43%, while FFANX has yielded a comparatively higher 6.99% annualized return.
BIREX
- 1D
- 1.08%
- 1M
- -0.47%
- YTD
- 14.21%
- 6M
- 14.60%
- 1Y
- 13.80%
- 3Y*
- 11.90%
- 5Y*
- 3.34%
- 10Y*
- 6.43%
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%
BIREX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 14.21% | 3.08% | 3.75% | 13.57% | -27.58% | 46.24% | -4.17% | 27.75% | -2.95% | 6.19% |
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 BIREX and FFANX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.59 |
Over the past year, the correlation between BIREX and FFANX has dropped to 0.38 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIREX vs. FFANX — Risk / Return Rank
BIREX
FFANX
BIREX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Real Estate Securities Fund (BIREX) 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.
| BIREX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.27 | -1.38 |
| Martin ratioReturn relative to average drawdown | 6.18 | 13.95 | -7.77 |
Loading charts...
Drawdowns
BIREX vs. FFANX - Drawdown Comparison
The maximum BIREX drawdown since its inception was -41.92%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for BIREX and FFANX.
Loading charts...
Drawdown Indicators
| BIREX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.92% | -31.69% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -5.20% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -7.55% | -10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -34.76% | -18.52% | -16.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.92% | -18.52% | -23.40% |
Current DrawdownCurrent decline from peak | -1.75% | -0.13% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -3.79% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.22% | +1.27% |
Volatility
BIREX vs. FFANX - Volatility Comparison
BlackRock Real Estate Securities Fund (BIREX) has a higher volatility of 4.66% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that BIREX'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.
Loading charts...
Volatility by Period
| BIREX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 2.94% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 6.01% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 7.09% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 7.94% | +10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 7.74% | +13.19% |
BIREX vs. FFANX - Expense Ratio Comparison
BIREX has a 0.75% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
BIREX vs. FFANX - Dividend Comparison
BIREX's dividend yield for the trailing twelve months is around 2.67%, less than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIREX BlackRock Real Estate Securities Fund | 2.67% | 2.98% | 2.88% | 2.87% | 4.36% | 1.63% | 2.16% | 1.93% | 3.07% | 9.88% | 6.72% | 6.75% |
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
BIREX and FFANX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIREX has higher volatility (4.66%) compared to FFANX (2.94%). In terms of maximum drawdown, BIREX dropped -41.92% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 1.14), 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.
Find the right allocation for BIREX and FFANX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer