Correlation
The correlation between FAAIX and FZROX is 0.95, 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.
FAAIX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Asset Manager 70% Fund Class I (FAAIX) and Fidelity ZERO Total Market Index Fund (FZROX).
FAAIX is managed by Blackrock. It was launched on Sep 23, 2008. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAAIX or FZROX.
Performance
FAAIX vs. FZROX - Performance Comparison
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Key characteristics
FAAIX:
0.74
FZROX:
0.67
FAAIX:
0.98
FZROX:
1.00
FAAIX:
1.14
FZROX:
1.14
FAAIX:
0.67
FZROX:
0.64
FAAIX:
2.81
FZROX:
2.41
FAAIX:
3.04%
FZROX:
5.17%
FAAIX:
13.23%
FZROX:
20.16%
FAAIX:
-34.01%
FZROX:
-34.96%
FAAIX:
-0.35%
FZROX:
-3.85%
Returns By Period
In the year-to-date period, FAAIX achieves a 4.03% return, which is significantly higher than FZROX's 0.59% return.
FAAIX
4.03%
4.37%
1.56%
9.73%
8.19%
9.21%
7.33%
FZROX
0.59%
6.50%
-1.89%
13.35%
13.57%
15.39%
N/A
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FAAIX vs. FZROX - Expense Ratio Comparison
FAAIX has a 0.70% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FAAIX vs. FZROX — Risk-Adjusted Performance Rank
FAAIX
FZROX
FAAIX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 70% Fund Class I (FAAIX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
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Dividends
FAAIX vs. FZROX - Dividend Comparison
FAAIX's dividend yield for the trailing twelve months is around 4.49%, more than FZROX's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAAIX Fidelity Advisor Asset Manager 70% Fund Class I | 4.49% | 4.67% | 1.70% | 6.66% | 2.74% | 2.11% | 5.14% | 6.26% | 3.87% | 1.54% | 5.54% | 9.49% |
FZROX Fidelity ZERO Total Market Index Fund | 1.15% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAAIX vs. FZROX - Drawdown Comparison
The maximum FAAIX drawdown since its inception was -34.01%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FAAIX and FZROX.
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Volatility
FAAIX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Asset Manager 70% Fund Class I (FAAIX) is 2.70%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.98%. This indicates that FAAIX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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