FASGX vs. ASFYX

Last updated Jun 4, 2026

FASGX (Fidelity Asset Manager 70% Fund) and ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) are both mutual funds - FASGX is a Diversified Portfolio fund managed by BlackRock, while ASFYX is a Systematic Trend fund managed by BlackRock. Over the past 10 years, FASGX returned 10.01%/yr vs 2.97%/yr for ASFYX. At a 0.23 correlation, their price movements are largely independent. FASGX charges 0.67%/yr vs 1.47%/yr for ASFYX.

Performance

FASGX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 70% Fund (FASGX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASGX achieves a 11.93% return, which is significantly lower than ASFYX's 15.25% return. Over the past 10 years, FASGX has outperformed ASFYX with an annualized return of 10.01%, while ASFYX has yielded a comparatively lower 2.97% annualized return.

FASGX

• 1D: 0.51%
• 1M: 4.40%
• YTD: 11.93%
• 6M: 12.90%
• 1Y: 26.54%
• 3Y*: 16.47%
• 5Y*: 8.47%
• 10Y*: 10.01%

ASFYX

• 1D: 0.56%
• 1M: 1.71%
• YTD: 15.25%
• 6M: 17.77%
• 1Y: 26.49%
• 3Y*: -1.44%
• 5Y*: 3.02%
• 10Y*: 2.97%

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

FASGX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASGX Fidelity Asset Manager 70% Fund	11.93%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	15.25%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	6.78%

Correlation

The correlation between FASGX and ASFYX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Aug 4, 2010	0.23

Over the past year, FASGX and ASFYX have become more correlated (0.51) than their long-term average of 0.23, meaning their price movements have been converging.

Return for Risk

FASGX vs. ASFYX — Risk / Return Rank

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

FASGX

FASGX Risk / Return Rank: 77
FASGX Sharpe Ratio Rank: 80
FASGX Sortino Ratio Rank: 76
FASGX Omega Ratio Rank: 74
FASGX Calmar Ratio Rank: 75
FASGX Martin Ratio Rank: 80

ASFYX

ASFYX Risk / Return Rank: 67
ASFYX Sharpe Ratio Rank: 56
ASFYX Sortino Ratio Rank: 48
ASFYX Omega Ratio Rank: 51
ASFYX Calmar Ratio Rank: 92
ASFYX Martin Ratio Rank: 89

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.

FASGX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 70% Fund (FASGX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.

	FASGX	ASFYX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.20	+0.40
Sortino ratio: Return per unit of downside risk	3.64	2.93	+0.71
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.10
Calmar ratio: Return relative to maximum drawdown	3.39	4.95	-1.56
Martin ratio: Return relative to average drawdown	14.98	17.88	-2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FASGX vs. ASFYX - Sharpe Ratio Comparison

The current FASGX Sharpe Ratio is 2.61, which is comparable to the ASFYX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FASGX and ASFYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FASGX	ASFYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.20	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.22	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.23	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.35	+0.28

Drawdowns

FASGX vs. ASFYX - Drawdown Comparison

The maximum FASGX drawdown since its inception was -47.35%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for FASGX and ASFYX.

Drawdown Indicators

	FASGX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	-47.35%	-36.43%	-10.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-5.24%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-12.80%	-30.32%	+17.52%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-36.43%	+12.89%
Max Drawdown (10Y) Largest decline over 10 years	-27.20%	-36.43%	+9.23%
Current Drawdown Current decline from peak	0.00%	-18.22%	+18.22%
Average Drawdown Average peak-to-trough decline	-6.71%	-13.18%	+6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.45%	+0.34%

Volatility

FASGX vs. ASFYX - Volatility Comparison

The current volatility for Fidelity Asset Manager 70% Fund (FASGX) is 3.30%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.67%. This indicates that FASGX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASGX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	3.67%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	9.54%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	11.77%	-1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.27%	13.77%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	12.71%	-0.06%

FASGX vs. ASFYX - Expense Ratio Comparison

FASGX has a 0.67% expense ratio, which is lower than ASFYX's 1.47% expense ratio.

Dividends

FASGX vs. ASFYX - Dividend Comparison

FASGX's dividend yield for the trailing twelve months is around 6.55%, more than ASFYX's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	1.32%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
FASGX Fidelity Asset Manager 70% Fund	6.55%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%

Frequently Asked Questions

Can I hold both FASGX and ASFYX in my portfolio?

FASGX and ASFYX 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.

Which is riskier, FASGX or ASFYX?

ASFYX has higher volatility (3.67%) compared to FASGX (3.30%). In terms of maximum drawdown, FASGX dropped -47.35% vs ASFYX's -36.43%.

Which has better risk-adjusted returns?

FASGX currently has the higher Sharpe Ratio (2.61 vs 2.20), 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.