CMIEX vs. FASGX

Last updated Apr 1, 2026

Compare and contrast key facts about Multi-Manager International Equity Strategies Fund (CMIEX) and Fidelity Asset Manager 70% Fund (FASGX).

CMIEX is managed by BlackRock. It was launched on May 17, 2018. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.

Performance

CMIEX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Multi-Manager International Equity Strategies Fund (CMIEX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

CMIEX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CMIEX Multi-Manager International Equity Strategies Fund	-5.23%	32.46%	3.96%	21.41%	-15.46%	6.89%	16.20%	23.87%	-16.02%
FASGX Fidelity Asset Manager 70% Fund	-2.99%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-9.31%

Returns By Period

In the year-to-date period, CMIEX achieves a -5.23% return, which is significantly lower than FASGX's -2.99% return.

CMIEX

• 1D: 0.08%
• 1M: -12.72%
• YTD: -5.23%
• 6M: -0.61%
• 1Y: 16.48%
• 3Y*: 12.44%
• 5Y*: 6.38%
• 10Y*: —

FASGX

• 1D: -0.24%
• 1M: -7.42%
• YTD: -2.99%
• 6M: -0.12%
• 1Y: 15.54%
• 3Y*: 11.72%
• 5Y*: 6.38%
• 10Y*: 8.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMIEX vs. FASGX - Expense Ratio Comparison

CMIEX has a 0.99% expense ratio, which is higher than FASGX's 0.67% expense ratio.

CMIEX

Multi-Manager International Equity Strategies Fund

FASGX

Fidelity Asset Manager 70% Fund

Return for Risk

CMIEX vs. FASGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMIEX

CMIEX Risk / Return Rank: 41
CMIEX Sharpe Ratio Rank: 44
CMIEX Sortino Ratio Rank: 41
CMIEX Omega Ratio Rank: 39
CMIEX Calmar Ratio Rank: 41
CMIEX Martin Ratio Rank: 41

FASGX

FASGX Risk / Return Rank: 70
FASGX Sharpe Ratio Rank: 70
FASGX Sortino Ratio Rank: 71
FASGX Omega Ratio Rank: 69
FASGX Calmar Ratio Rank: 69
FASGX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMIEX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Multi-Manager International Equity Strategies Fund (CMIEX) and Fidelity Asset Manager 70% Fund (FASGX). 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.

	CMIEX	FASGX	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.21	-0.32
Sortino ratio Return per unit of downside risk	1.28	1.73	-0.45
Omega ratio Gain probability vs. loss probability	1.18	1.26	-0.07
Calmar ratio Return relative to maximum drawdown	1.07	1.55	-0.48
Martin ratio Return relative to average drawdown	4.23	6.89	-2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMIEX vs. FASGX - Sharpe Ratio Comparison

The current CMIEX Sharpe Ratio is 0.89, which is comparable to the FASGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CMIEX and FASGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMIEX	FASGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.21	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.53	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.60	-0.20

Correlation

The correlation between CMIEX and FASGX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CMIEX vs. FASGX - Dividend Comparison

CMIEX's dividend yield for the trailing twelve months is around 9.42%, more than FASGX's 7.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMIEX Multi-Manager International Equity Strategies Fund	9.42%	8.92%	7.54%	2.26%	2.44%	3.21%	1.30%	2.47%	0.83%	0.00%	0.00%	0.00%
FASGX Fidelity Asset Manager 70% Fund	7.56%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%

Drawdowns

CMIEX vs. FASGX - Drawdown Comparison

The maximum CMIEX drawdown since its inception was -35.35%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for CMIEX and FASGX.

Drawdown Indicators

	CMIEX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-47.35%	+12.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-9.07%	-4.01%
Max Drawdown (5Y) Largest decline over 5 years	-32.43%	-23.54%	-8.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.20%	—
Current Drawdown Current decline from peak	-13.01%	-7.95%	-5.06%
Average Drawdown Average peak-to-trough decline	-6.86%	-6.74%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.04%	+1.26%

Volatility

CMIEX vs. FASGX - Volatility Comparison

Multi-Manager International Equity Strategies Fund (CMIEX) has a higher volatility of 7.18% compared to Fidelity Asset Manager 70% Fund (FASGX) at 4.57%. This indicates that CMIEX's price experiences larger fluctuations and is considered to be riskier than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMIEX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	4.57%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	7.78%	+3.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	12.82%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.28%	12.14%	+4.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	12.56%	+5.73%