BRACX vs. FFANX
BRACX (BlackRock Allocation Target Shares Series C Portfolio) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - BRACX is a Corporate Bonds fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, BRACX returned 2.16%/yr vs 6.99%/yr for FFANX. At a 0.11 correlation, their price movements are largely independent. BRACX charges 0.00%/yr vs 0.52%/yr for FFANX.
Performance
BRACX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, BRACX achieves a 0.28% return, which is significantly lower than FFANX's 7.45% return. Over the past 10 years, BRACX has underperformed FFANX with an annualized return of 2.16%, while FFANX has yielded a comparatively higher 6.99% annualized return.
BRACX
- 1D
- -0.33%
- 1M
- 0.56%
- YTD
- 0.28%
- 6M
- 0.73%
- 1Y
- 5.25%
- 3Y*
- 4.56%
- 5Y*
- -0.06%
- 10Y*
- 2.16%
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%
BRACX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRACX BlackRock Allocation Target Shares Series C Portfolio | 0.28% | 7.97% | 1.02% | 8.05% | -15.97% | -1.94% | 11.21% | 14.28% | -2.44% | 5.11% |
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 BRACX and FFANX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.11 |
Over the past year, BRACX and FFANX have become more correlated (0.54) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
BRACX vs. FFANX — Risk / Return Rank
BRACX
FFANX
BRACX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series C Portfolio (BRACX) 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.
| BRACX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.27 | -1.62 |
| Martin ratioReturn relative to average drawdown | 5.34 | 13.95 | -8.61 |
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Drawdowns
BRACX vs. FFANX - Drawdown Comparison
The maximum BRACX drawdown since its inception was -22.49%, smaller than the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for BRACX and FFANX.
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Drawdown Indicators
| BRACX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -31.69% | +9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -5.20% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -7.55% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -22.41% | -18.52% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -18.52% | -3.97% |
Current DrawdownCurrent decline from peak | -2.62% | -0.13% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.79% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.22% | -0.21% |
Volatility
BRACX vs. FFANX - Volatility Comparison
The current volatility for BlackRock Allocation Target Shares Series C Portfolio (BRACX) is 1.20%, while Fidelity Asset Manager 40% Fund (FFANX) has a volatility of 2.94%. This indicates that BRACX experiences smaller price fluctuations and is considered to be less risky 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
| BRACX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 2.94% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 6.01% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 7.09% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 7.94% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 7.74% | -1.79% |
BRACX vs. FFANX - Expense Ratio Comparison
BRACX has a 0.00% expense ratio, which is lower than FFANX's 0.52% expense ratio.
Dividends
BRACX vs. FFANX - Dividend Comparison
BRACX's dividend yield for the trailing twelve months is around 5.29%, more than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRACX BlackRock Allocation Target Shares Series C Portfolio | 5.29% | 5.29% | 3.95% | 3.09% | 2.63% | 3.46% | 6.38% | 4.15% | 3.67% | 2.85% | 0.20% | 0.86% |
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
BRACX and FFANX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFANX has higher volatility (2.94%) compared to BRACX (1.20%). In terms of maximum drawdown, BRACX dropped -22.49% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 1.28), 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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