BKT vs. FAMRX
BKT (BlackRock Income Trust) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - BKT is a fund fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BKT returned 1.19%/yr vs 11.53%/yr for FAMRX. At a 0.09 correlation, their price movements are largely independent. BKT charges 2.06%/yr vs 0.70%/yr for FAMRX.
Performance
BKT vs. FAMRX - Performance Comparison
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Returns By Period
In the year-to-date period, BKT achieves a 0.35% return, which is significantly lower than FAMRX's 13.91% return. Over the past 10 years, BKT has underperformed FAMRX with an annualized return of 1.19%, while FAMRX has yielded a comparatively higher 11.53% annualized return.
BKT
- 1D
- -0.48%
- 1M
- 0.46%
- 6M
- -0.46%
- YTD
- 0.35%
- 1Y
- -0.18%
- 3Y*
- 4.32%
- 5Y*
- -3.03%
- 10Y*
- 1.19%
FAMRX
- 1D
- 0.44%
- 1M
- 0.32%
- 6M
- 10.80%
- YTD
- 13.91%
- 1Y
- 25.48%
- 3Y*
- 17.54%
- 5Y*
- 9.64%
- 10Y*
- 11.53%
BKT vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 0.35% | 5.92% | 3.33% | 7.69% | -21.51% | -0.44% | 7.36% | 14.91% | -2.59% | 2.58% |
FAMRX Fidelity Asset Manager 85% Fund | 13.91% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between BKT and FAMRX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999 | 0.09 |
Over the past year, BKT and FAMRX have become more correlated (0.35) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
BKT vs. FAMRX — Risk / Return Rank
BKT
FAMRX
BKT vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Income Trust (BKT) and Fidelity Asset Manager 85% Fund (FAMRX). 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.
| BKT | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.36 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.79 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.06 | 12.00 | -12.06 |
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Drawdowns
BKT vs. FAMRX - Drawdown Comparison
The maximum BKT drawdown since its inception was -48.86%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for BKT and FAMRX.
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Drawdown Indicators
| BKT | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -58.65% | +9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -9.33% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.89% | -15.35% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -35.70% | -26.00% | -9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.70% | -30.96% | -4.74% |
Current DrawdownCurrent decline from peak | -17.28% | -0.35% | -16.93% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -12.27% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.17% | +0.80% |
Volatility
BKT vs. FAMRX - Volatility Comparison
The current volatility for BlackRock Income Trust (BKT) is 2.66%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 4.18%. This indicates that BKT experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKT | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.18% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.38% | 11.34% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.03% | 13.39% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 14.84% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 15.26% | -5.51% |
BKT vs. FAMRX - Expense Ratio Comparison
BKT has a 2.06% expense ratio, which is higher than FAMRX's 0.70% expense ratio.
Dividends
BKT vs. FAMRX - Dividend Comparison
BKT's dividend yield for the trailing twelve months is around 10.11%, more than FAMRX's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKT BlackRock Income Trust | 10.11% | 9.53% | 9.19% | 8.69% | 8.35% | 7.31% | 6.80% | 6.82% | 6.48% | 5.15% | 5.09% | 5.89% |
FAMRX Fidelity Asset Manager 85% Fund | 4.88% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
Frequently Asked Questions
BKT and FAMRX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (4.18%) compared to BKT (2.66%). In terms of maximum drawdown, BKT dropped -48.86% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (1.95 vs -0.03), 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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