FAFSX vs. LIVIX
FAFSX (Fidelity Advisor Financial Services Fund Class M) and LIVIX (BlackRock LifePath Index 2055 Fund - Institutional Shares) are both mutual funds - FAFSX is a Financials Equities fund managed by BlackRock, while LIVIX is a Target Retirement Date fund tracking the LifePath Index 2055 Fund Custom Benchmark. Over the past 10 years, FAFSX returned 14.17%/yr vs 11.45%/yr for LIVIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FAFSX charges 1.28%/yr vs 0.14%/yr for LIVIX.
Performance
FAFSX vs. LIVIX - Performance Comparison
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Returns By Period
In the year-to-date period, FAFSX achieves a 9.49% return, which is significantly lower than LIVIX's 11.03% return. Over the past 10 years, FAFSX has outperformed LIVIX with an annualized return of 14.17%, while LIVIX has yielded a comparatively lower 11.45% annualized return.
FAFSX
- 1D
- 0.89%
- 1M
- 2.97%
- 6M
- 9.23%
- YTD
- 9.49%
- 1Y
- 19.24%
- 3Y*
- 24.03%
- 5Y*
- 13.80%
- 10Y*
- 14.17%
- ALL TIME*
- 8.00%
LIVIX
- 1D
- 2.03%
- 1M
- -0.54%
- 6M
- 7.67%
- YTD
- 11.03%
- 1Y
- 23.24%
- 3Y*
- 16.68%
- 5Y*
- 9.68%
- 10Y*
- 11.45%
- ALL TIME*
- 10.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAFSX vs. LIVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFSX Fidelity Advisor Financial Services Fund Class M | 9.49% | 14.61% | 38.47% | 13.74% | -9.15% | 32.60% | -0.54% | 33.44% | -16.30% | 20.14% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 11.03% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
Correlation
The correlation between FAFSX and LIVIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.77 |
Over the past year, the correlation between FAFSX and LIVIX has dropped to 0.51 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
FAFSX vs. LIVIX — Risk / Return Rank
FAFSX
LIVIX
FAFSX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class M (FAFSX) and BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX). 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.
| FAFSX | LIVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.25 | -1.03 |
| Martin ratioReturn relative to average drawdown | 3.48 | 9.45 | -5.96 |
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Drawdowns
FAFSX vs. LIVIX - Drawdown Comparison
The maximum FAFSX drawdown since its inception was -75.78%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for FAFSX and LIVIX.
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Drawdown Indicators
| FAFSX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.78% | -34.44% | -41.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -9.44% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -17.39% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | -26.45% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -46.03% | -34.44% | -11.59% |
Current DrawdownCurrent decline from peak | -0.73% | -1.83% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -17.95% | -4.49% | -13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 2.25% | +2.34% |
Volatility
FAFSX vs. LIVIX - Volatility Comparison
Fidelity Advisor Financial Services Fund Class M (FAFSX) has a higher volatility of 4.83% compared to BlackRock LifePath Index 2055 Fund - Institutional Shares (LIVIX) at 3.92%. This indicates that FAFSX's price experiences larger fluctuations and is considered to be riskier than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFSX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 3.92% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 11.50% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 13.72% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 16.01% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 16.70% | +7.12% |
FAFSX vs. LIVIX - Expense Ratio Comparison
FAFSX has a 1.28% expense ratio, which is higher than LIVIX's 0.14% expense ratio.
Dividends
FAFSX vs. LIVIX - Dividend Comparison
FAFSX's dividend yield for the trailing twelve months is around 6.22%, more than LIVIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFSX Fidelity Advisor Financial Services Fund Class M | 6.22% | 6.81% | 9.29% | 2.09% | 5.75% | 4.06% | 2.24% | 0.98% | 3.73% | 0.06% | 0.11% | 0.41% |
LIVIX BlackRock LifePath Index 2055 Fund - Institutional Shares | 2.29% | 2.48% | 0.01% | 2.04% | 1.96% | 2.04% | 1.56% | 2.95% | 2.35% | 2.27% | 1.54% | 2.88% |
Frequently Asked Questions
FAFSX and LIVIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAFSX has higher volatility (4.83%) compared to LIVIX (3.92%). In terms of maximum drawdown, FAFSX dropped -75.78% vs LIVIX's -34.44%.
LIVIX currently has the higher Sharpe Ratio (1.55 vs 0.99), 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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