FAMRX vs. SPY
Compare and contrast key facts about Fidelity Asset Manager 85% Fund (FAMRX) and SPDR S&P 500 ETF (SPY).
FAMRX is managed by Blackrock. It was launched on Sep 24, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAMRX or SPY.
Key characteristics
FAMRX | SPY | |
---|---|---|
YTD Return | 3.17% | 5.94% |
1Y Return | 13.57% | 22.56% |
3Y Return (Ann) | 2.46% | 7.95% |
5Y Return (Ann) | 9.03% | 13.35% |
10Y Return (Ann) | 7.94% | 12.34% |
Sharpe Ratio | 1.29 | 1.93 |
Daily Std Dev | 10.32% | 11.63% |
Max Drawdown | -60.05% | -55.19% |
Current Drawdown | -3.40% | -4.05% |
Correlation
The correlation between FAMRX and SPY is 0.92, 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.
Performance
FAMRX vs. SPY - Performance Comparison
In the year-to-date period, FAMRX achieves a 3.17% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, FAMRX has underperformed SPY with an annualized return of 7.94%, while SPY has yielded a comparatively higher 12.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAMRX vs. SPY - Expense Ratio Comparison
FAMRX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FAMRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 85% Fund (FAMRX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FAMRX vs. SPY - Dividend Comparison
FAMRX's dividend yield for the trailing twelve months is around 1.29%, less than SPY's 1.34% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fidelity Asset Manager 85% Fund | 1.29% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 3.29% | 1.33% | 1.41% | 11.42% | 4.40% |
SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FAMRX vs. SPY - Drawdown Comparison
The maximum FAMRX drawdown since its inception was -60.05%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FAMRX and SPY. For additional features, visit the drawdowns tool.
Volatility
FAMRX vs. SPY - Volatility Comparison
The current volatility for Fidelity Asset Manager 85% Fund (FAMRX) is 3.41%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.91%. This indicates that FAMRX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.