EATVX vs. FAMRX

Last updated Jun 25, 2026

EATVX (Eaton Vance Tax Managed Value Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - EATVX is a Large Cap Value Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, EATVX returned 12.15%/yr vs 11.89%/yr for FAMRX. Their correlation of 0.86 suggests significant overlap in exposure. EATVX charges 1.15%/yr vs 0.70%/yr for FAMRX.

Performance

EATVX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Tax Managed Value Fund (EATVX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EATVX achieves a 17.94% return, which is significantly higher than FAMRX's 11.83% return. Both investments have delivered pretty close results over the past 10 years, with EATVX having a 12.15% annualized return and FAMRX not far behind at 11.89%.

EATVX

• 1D: -1.68%
• 1M: 3.52%
• YTD: 17.94%
• 6M: 16.76%
• 1Y: 30.35%
• 3Y*: 18.42%
• 5Y*: 10.61%
• 10Y*: 12.15%

FAMRX

• 1D: -2.05%
• 1M: 0.33%
• YTD: 11.83%
• 6M: 11.15%
• 1Y: 25.61%
• 3Y*: 18.16%
• 5Y*: 9.16%
• 10Y*: 11.89%

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

EATVX vs. FAMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EATVX Eaton Vance Tax Managed Value Fund	17.94%	12.86%	14.37%	9.44%	-9.77%	25.92%	4.39%	29.73%	-5.98%	17.65%
FAMRX Fidelity Asset Manager 85% Fund	11.83%	20.87%	12.60%	18.98%	-18.55%	17.10%	19.37%	26.26%	-9.21%	21.08%

Correlation

The correlation between EATVX and FAMRX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 27, 1999	0.86

The correlation between EATVX and FAMRX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

EATVX vs. FAMRX — Risk / Return Rank

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

EATVX

EATVX Risk / Return Rank: 86
EATVX Sharpe Ratio Rank: 88
EATVX Sortino Ratio Rank: 84
EATVX Omega Ratio Rank: 80
EATVX Calmar Ratio Rank: 87
EATVX Martin Ratio Rank: 91

FAMRX

FAMRX Risk / Return Rank: 61
FAMRX Sharpe Ratio Rank: 58
FAMRX Sortino Ratio Rank: 54
FAMRX Omega Ratio Rank: 58
FAMRX Calmar Ratio Rank: 65
FAMRX Martin Ratio Rank: 71

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.

EATVX vs. FAMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax Managed Value Fund (EATVX) 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.

	EATVX	FAMRX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.05	+0.54
Sortino ratio: Return per unit of downside risk	3.60	2.80	+0.81
Omega ratio: Gain probability vs. loss probability	1.46	1.38	+0.08
Calmar ratio: Return relative to maximum drawdown	3.95	2.91	+1.04
Martin ratio: Return relative to average drawdown	16.87	12.61	+4.27

EATVX vs. FAMRX - Sharpe Ratio Comparison

The current EATVX Sharpe Ratio is 2.59, which is comparable to the FAMRX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of EATVX and FAMRX, 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

EATVX vs. FAMRX - Drawdown Comparison

The maximum EATVX drawdown since its inception was -53.01%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for EATVX and FAMRX.

Drawdown Indicators

	EATVX	FAMRX	Difference
Max Drawdown Largest peak-to-trough decline	-53.01%	-58.65%	+5.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-9.33%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-15.35%	-3.39%
Max Drawdown (5Y) Largest decline over 5 years	-20.70%	-26.00%	+5.30%
Max Drawdown (10Y) Largest decline over 10 years	-38.63%	-30.96%	-7.67%
Current Drawdown Current decline from peak	-1.68%	-2.11%	+0.43%
Average Drawdown Average peak-to-trough decline	-8.17%	-12.30%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.15%	-0.27%

Volatility

EATVX vs. FAMRX - Volatility Comparison

The current volatility for Eaton Vance Tax Managed Value Fund (EATVX) is 4.93%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.78%. This indicates that EATVX 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.

Volatility by Period

	EATVX	FAMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	5.78%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	11.16%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	13.28%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	14.81%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	15.29%	+2.28%

EATVX vs. FAMRX - Expense Ratio Comparison

EATVX has a 1.15% expense ratio, which is higher than FAMRX's 0.70% expense ratio.

Dividends

EATVX vs. FAMRX - Dividend Comparison

EATVX's dividend yield for the trailing twelve months is around 3.53%, less than FAMRX's 4.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATVX Eaton Vance Tax Managed Value Fund	3.53%	4.16%	3.75%	3.24%	2.17%	4.50%	1.29%	1.13%	1.57%	0.95%	1.10%	8.71%
FAMRX Fidelity Asset Manager 85% Fund	4.97%	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

Can I hold both EATVX and FAMRX in my portfolio?

EATVX and FAMRX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EATVX or FAMRX?

FAMRX has higher volatility (5.78%) compared to EATVX (4.93%). In terms of maximum drawdown, EATVX dropped -53.01% vs FAMRX's -58.65%.

Which has better risk-adjusted returns?

EATVX currently has the higher Sharpe Ratio (2.59 vs 2.05), 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.