FASGX vs. BAC
Compare and contrast key facts about Fidelity Asset Manager 70% Fund (FASGX) and Bank of America Corporation (BAC).
FASGX is managed by Blackrock. It was launched on Dec 30, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FASGX or BAC.
Performance
FASGX vs. BAC - Performance Comparison
Returns By Period
In the year-to-date period, FASGX achieves a 12.84% return, which is significantly lower than BAC's 42.35% return. Over the past 10 years, FASGX has underperformed BAC with an annualized return of 7.37%, while BAC has yielded a comparatively higher 12.97% annualized return.
FASGX
12.84%
1.04%
6.25%
18.74%
8.48%
7.37%
BAC
42.35%
10.20%
19.88%
62.50%
9.74%
12.97%
Key characteristics
| FASGX | BAC | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.68 |
| Sortino Ratio | 2.89 | 3.92 |
| Omega Ratio | 1.38 | 1.48 |
| Calmar Ratio | 2.12 | 1.69 |
| Martin Ratio | 13.13 | 11.52 |
| Ulcer Index | 1.44% | 5.47% |
| Daily Std Dev | 9.09% | 23.54% |
| Max Drawdown | -47.29% | -93.45% |
| Current Drawdown | -0.78% | 0.00% |
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Correlation
The correlation between FASGX and BAC is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FASGX vs. BAC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 70% Fund (FASGX) and Bank of America Corporation (BAC). 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
FASGX vs. BAC - Dividend Comparison
FASGX's dividend yield for the trailing twelve months is around 1.52%, less than BAC's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 1.52% | 1.72% | 2.15% | 1.35% | 0.98% | 1.53% | 1.61% | 1.16% | 1.31% | 1.68% | 10.98% | 2.55% |
BAC Bank of America Corporation | 2.09% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% | 0.26% |
Drawdowns
FASGX vs. BAC - Drawdown Comparison
The maximum FASGX drawdown since its inception was -47.29%, smaller than the maximum BAC drawdown of -93.45%. Use the drawdown chart below to compare losses from any high point for FASGX and BAC. For additional features, visit the drawdowns tool.
Volatility
FASGX vs. BAC - Volatility Comparison
The current volatility for Fidelity Asset Manager 70% Fund (FASGX) is 2.48%, while Bank of America Corporation (BAC) has a volatility of 9.47%. This indicates that FASGX experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.