DGSIX vs. FIQCX

Last updated Jun 25, 2026

DGSIX (DFA Global Allocation 60/40 Portfolio) and FIQCX (Fidelity Advisor Asset Manager 85% Fund Class Z) are both Diversified Portfolio funds. Over the past 5 years, DGSIX returned 7.43%/yr vs 9.25%/yr for FIQCX. With a 0.96 correlation, they move nearly in lockstep. DGSIX charges 0.24%/yr vs 0.62%/yr for FIQCX.

Performance

DGSIX vs. FIQCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Global Allocation 60/40 Portfolio (DGSIX) and Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGSIX achieves a 7.12% return, which is significantly lower than FIQCX's 11.85% return.

DGSIX

• 1D: -0.93%
• 1M: 0.17%
• YTD: 7.12%
• 6M: 6.49%
• 1Y: 16.24%
• 3Y*: 13.70%
• 5Y*: 7.43%
• 10Y*: 8.79%

FIQCX

• 1D: -2.04%
• 1M: 0.33%
• YTD: 11.85%
• 6M: 11.21%
• 1Y: 25.70%
• 3Y*: 18.25%
• 5Y*: 9.25%
• 10Y*: —

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

DGSIX vs. FIQCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DGSIX DFA Global Allocation 60/40 Portfolio	7.12%	14.06%	11.31%	14.59%	-12.10%	14.24%	11.58%	18.17%	-6.34%
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z	11.85%	20.94%	12.67%	19.15%	-18.53%	17.26%	19.45%	26.32%	-9.86%

Correlation

The correlation between DGSIX and FIQCX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.96

The correlation between DGSIX and FIQCX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

DGSIX vs. FIQCX — Risk / Return Rank

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

DGSIX

DGSIX Risk / Return Rank: 67
DGSIX Sharpe Ratio Rank: 67
DGSIX Sortino Ratio Rank: 67
DGSIX Omega Ratio Rank: 66
DGSIX Calmar Ratio Rank: 65
DGSIX Martin Ratio Rank: 71

FIQCX

FIQCX Risk / Return Rank: 72
FIQCX Sharpe Ratio Rank: 71
FIQCX Sortino Ratio Rank: 66
FIQCX Omega Ratio Rank: 69
FIQCX Calmar Ratio Rank: 73
FIQCX Martin Ratio Rank: 80

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.

DGSIX vs. FIQCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Global Allocation 60/40 Portfolio (DGSIX) and Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX). 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.

	DGSIX	FIQCX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.06	+0.12
Sortino ratio: Return per unit of downside risk	3.11	2.81	+0.29
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	2.94	2.92	+0.01
Martin ratio: Return relative to average drawdown	12.61	12.64	-0.04

DGSIX vs. FIQCX - Sharpe Ratio Comparison

The current DGSIX Sharpe Ratio is 2.18, which is comparable to the FIQCX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DGSIX and FIQCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGSIX vs. FIQCX - Drawdown Comparison

The maximum DGSIX drawdown since its inception was -41.64%, which is greater than FIQCX's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for DGSIX and FIQCX.

Drawdown Indicators

	DGSIX	FIQCX	Difference
Max Drawdown Largest peak-to-trough decline	-41.64%	-30.97%	-10.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.85%	-9.34%	+3.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.43%	-15.35%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-18.36%	-25.94%	+7.58%
Max Drawdown (10Y) Largest decline over 10 years	-23.59%	—	—
Current Drawdown Current decline from peak	-1.35%	-2.13%	+0.78%
Average Drawdown Average peak-to-trough decline	-4.42%	-5.45%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	2.16%	-0.80%

Volatility

DGSIX vs. FIQCX - Volatility Comparison

The current volatility for DFA Global Allocation 60/40 Portfolio (DGSIX) is 3.08%, while Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX) has a volatility of 5.77%. This indicates that DGSIX experiences smaller price fluctuations and is considered to be less risky than FIQCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGSIX	FIQCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	5.77%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	6.44%	11.15%	-4.71%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	13.26%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.24%	14.81%	-4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.36%	16.72%	-6.36%

DGSIX vs. FIQCX - Expense Ratio Comparison

DGSIX has a 0.24% expense ratio, which is lower than FIQCX's 0.62% expense ratio.

Dividends

DGSIX vs. FIQCX - Dividend Comparison

DGSIX's dividend yield for the trailing twelve months is around 8.05%, more than FIQCX's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGSIX DFA Global Allocation 60/40 Portfolio	8.05%	8.56%	7.25%	5.27%	4.55%	5.53%	3.39%	2.61%	3.01%	1.29%	1.23%	1.92%
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z	5.13%	5.74%	3.61%	1.43%	5.21%	3.30%	2.07%	5.66%	5.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGSIX and FIQCX in my portfolio?

With a correlation of 0.96, DGSIX and FIQCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DGSIX or FIQCX?

FIQCX has higher volatility (5.77%) compared to DGSIX (3.08%). In terms of maximum drawdown, DGSIX dropped -41.64% vs FIQCX's -30.97%.

Which has better risk-adjusted returns?

DGSIX currently has the higher Sharpe Ratio (2.18 vs 2.06), 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.