BLDIX vs. FAMRX
BLDIX (BlackRock Managed Income Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, BLDIX returned 4.24%/yr vs 12.13%/yr for FAMRX. At a 0.06 correlation, their price movements are largely independent. BLDIX charges 0.41%/yr vs 0.70%/yr for FAMRX.
Performance
BLDIX vs. FAMRX - Performance Comparison
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Returns By Period
In the year-to-date period, BLDIX achieves a 1.52% return, which is significantly lower than FAMRX's 14.17% return. Over the past 10 years, BLDIX has underperformed FAMRX with an annualized return of 4.24%, while FAMRX has yielded a comparatively higher 12.13% annualized return.
BLDIX
- 1D
- -0.31%
- 1M
- 0.47%
- YTD
- 1.52%
- 6M
- 1.95%
- 1Y
- 6.85%
- 3Y*
- 7.19%
- 5Y*
- 3.28%
- 10Y*
- 4.24%
FAMRX
- 1D
- -0.06%
- 1M
- 2.43%
- YTD
- 14.17%
- 6M
- 13.73%
- 1Y
- 29.75%
- 3Y*
- 18.98%
- 5Y*
- 9.75%
- 10Y*
- 12.13%
BLDIX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 1.52% | 9.87% | 5.19% | 8.69% | -9.88% | 5.26% | 5.81% | 9.78% | -0.64% | 5.32% |
FAMRX Fidelity Asset Manager 85% Fund | 14.17% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between BLDIX and FAMRX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2007 | 0.06 |
Over the past year, BLDIX and FAMRX have become more correlated (0.67) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
BLDIX vs. FAMRX — Risk / Return Rank
BLDIX
FAMRX
BLDIX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Managed Income Fund (BLDIX) 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.
| BLDIX | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.44 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.31 | -1.44 |
| Martin ratioReturn relative to average drawdown | 7.75 | 14.35 | -6.61 |
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Drawdowns
BLDIX vs. FAMRX - Drawdown Comparison
The maximum BLDIX drawdown since its inception was -14.47%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for BLDIX and FAMRX.
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Drawdown Indicators
| BLDIX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.47% | -58.65% | +44.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -9.33% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -15.35% | +10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -26.00% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -30.96% | +16.63% |
Current DrawdownCurrent decline from peak | -0.65% | -0.06% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -12.30% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.15% | -1.22% |
Volatility
BLDIX vs. FAMRX - Volatility Comparison
The current volatility for BlackRock Managed Income Fund (BLDIX) is 1.64%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.36%. This indicates that BLDIX 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
| BLDIX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 5.36% | -3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 10.97% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.45% | 13.13% | -8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 14.78% | -9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 15.33% | -9.73% |
BLDIX vs. FAMRX - Expense Ratio Comparison
BLDIX has a 0.41% expense ratio, which is lower than FAMRX's 0.70% expense ratio.
Dividends
BLDIX vs. FAMRX - Dividend Comparison
BLDIX's dividend yield for the trailing twelve months is around 5.48%, more than FAMRX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLDIX BlackRock Managed Income Fund | 5.48% | 5.46% | 5.76% | 3.55% | 3.86% | 4.87% | 3.53% | 3.87% | 4.27% | 4.48% | 4.15% | 2.87% |
FAMRX Fidelity Asset Manager 85% Fund | 4.87% | 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
BLDIX and FAMRX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (5.36%) compared to BLDIX (1.64%). In terms of maximum drawdown, BLDIX dropped -14.47% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (2.36 vs 1.62), 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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