CONWX vs. FFANX
CONWX (Concorde Wealth Management Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, CONWX returned 8.39%/yr vs 6.99%/yr for FFANX. A 0.73 correlation means they provide meaningful diversification when combined. CONWX charges 1.41%/yr vs 0.52%/yr for FFANX.
Performance
CONWX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, CONWX achieves a 5.63% return, which is significantly lower than FFANX's 7.45% return. Over the past 10 years, CONWX has outperformed FFANX with an annualized return of 8.39%, while FFANX has yielded a comparatively lower 6.99% annualized return.
CONWX
- 1D
- 0.10%
- 1M
- -2.03%
- YTD
- 5.63%
- 6M
- 5.03%
- 1Y
- 14.14%
- 3Y*
- 12.04%
- 5Y*
- 6.27%
- 10Y*
- 8.39%
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%
CONWX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 5.63% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -1.95% | 7.17% |
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 CONWX and FFANX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.73 |
Over the past year, the correlation between CONWX and FFANX has dropped to 0.39 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
CONWX vs. FFANX — Risk / Return Rank
CONWX
FFANX
CONWX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Concorde Wealth Management Fund (CONWX) 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.
| CONWX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.47 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.27 | -0.14 |
| Martin ratioReturn relative to average drawdown | 9.26 | 13.95 | -4.69 |
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Drawdowns
CONWX vs. FFANX - Drawdown Comparison
The maximum CONWX drawdown since its inception was -26.09%, smaller than the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for CONWX and FFANX.
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Drawdown Indicators
| CONWX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -31.69% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -5.20% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -9.86% | -7.55% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -18.52% | +6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | -18.52% | -7.57% |
Current DrawdownCurrent decline from peak | -4.34% | -0.13% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -3.79% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.22% | +0.28% |
Volatility
CONWX vs. FFANX - Volatility Comparison
The current volatility for Concorde Wealth Management Fund (CONWX) is 1.97%, while Fidelity Asset Manager 40% Fund (FFANX) has a volatility of 2.94%. This indicates that CONWX 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
| CONWX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 2.94% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 5.21% | 6.01% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.12% | 7.09% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.19% | 7.94% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.10% | 7.74% | +3.36% |
CONWX vs. FFANX - Expense Ratio Comparison
CONWX has a 1.41% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
CONWX vs. FFANX - Dividend Comparison
CONWX's dividend yield for the trailing twelve months is around 3.49%, less than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.49% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% | 0.00% | 0.00% |
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
CONWX and FFANX have a correlation of 0.39, 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 CONWX (1.97%). In terms of maximum drawdown, CONWX dropped -26.09% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 1.96), 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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