FASGX vs. BSPIX
FASGX (Fidelity Asset Manager 70% Fund) and BSPIX (iShares S&P 500 Index Fund Institutional Class) are both mutual funds - FASGX is a Diversified Portfolio fund managed by BlackRock, while BSPIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FASGX returned 10.31%/yr vs 15.60%/yr for BSPIX. Their correlation of 0.94 suggests significant overlap in exposure. FASGX charges 0.67%/yr vs 0.10%/yr for BSPIX.
Performance
FASGX vs. BSPIX - Performance Comparison
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Returns By Period
In the year-to-date period, FASGX achieves a 11.90% return, which is significantly higher than BSPIX's 9.73% return. Over the past 10 years, FASGX has underperformed BSPIX with an annualized return of 10.31%, while BSPIX has yielded a comparatively higher 15.60% annualized return.
FASGX
- 1D
- -0.12%
- 1M
- 2.06%
- YTD
- 11.90%
- 6M
- 11.55%
- 1Y
- 25.19%
- 3Y*
- 16.34%
- 5Y*
- 8.28%
- 10Y*
- 10.31%
BSPIX
- 1D
- -0.37%
- 1M
- 0.09%
- YTD
- 9.73%
- 6M
- 8.73%
- 1Y
- 25.36%
- 3Y*
- 21.26%
- 5Y*
- 13.49%
- 10Y*
- 15.60%
FASGX vs. BSPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 11.90% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
BSPIX iShares S&P 500 Index Fund Institutional Class | 9.73% | 17.75% | 24.85% | 26.17% | -18.20% | 28.55% | 18.35% | 31.35% | -4.87% | 21.20% |
Correlation
The correlation between FASGX and BSPIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.94 |
The correlation between FASGX and BSPIX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FASGX vs. BSPIX — Risk / Return Rank
FASGX
BSPIX
FASGX vs. BSPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 70% Fund (FASGX) and iShares S&P 500 Index Fund Institutional Class (BSPIX). 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.
| FASGX | BSPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.00 | +0.29 |
| Martin ratioReturn relative to average drawdown | 14.19 | 13.51 | +0.68 |
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Drawdowns
FASGX vs. BSPIX - Drawdown Comparison
The maximum FASGX drawdown since its inception was -47.35%, which is greater than BSPIX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for FASGX and BSPIX.
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Drawdown Indicators
| FASGX | BSPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.35% | -33.75% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -8.91% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.80% | -18.74% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.54% | -24.55% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -27.20% | -33.75% | +6.55% |
Current DrawdownCurrent decline from peak | -0.12% | -1.72% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -3.93% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.97% | -0.13% |
Volatility
FASGX vs. BSPIX - Volatility Comparison
Fidelity Asset Manager 70% Fund (FASGX) and iShares S&P 500 Index Fund Institutional Class (BSPIX) have volatilities of 4.58% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FASGX | BSPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.67% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.83% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.10% | 12.49% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.40% | 16.97% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 18.07% | -5.36% |
FASGX vs. BSPIX - Expense Ratio Comparison
FASGX has a 0.67% expense ratio, which is higher than BSPIX's 0.10% expense ratio.
Dividends
FASGX vs. BSPIX - Dividend Comparison
FASGX's dividend yield for the trailing twelve months is around 6.55%, more than BSPIX's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSPIX iShares S&P 500 Index Fund Institutional Class | 1.53% | 1.66% | 1.35% | 1.44% | 1.94% | 1.76% | 1.60% | 1.92% | 1.94% | 1.57% | 2.30% | 2.42% |
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
With a correlation of 0.94, FASGX and BSPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BSPIX has higher volatility (4.67%) compared to FASGX (4.58%). In terms of maximum drawdown, FASGX dropped -47.35% vs BSPIX's -33.75%.
FASGX currently has the higher Sharpe Ratio (2.36 vs 2.14), 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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