FASGX vs. SPY
Compare and contrast key facts about Fidelity Asset Manager 70% Fund (FASGX) and SPDR S&P 500 ETF (SPY).
FASGX is managed by Blackrock. It was launched on Dec 30, 1991. 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: FASGX or SPY.
Correlation
The correlation between FASGX and SPY is 0.93, 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
FASGX vs. SPY - Performance Comparison
Key characteristics
FASGX:
0.29
SPY:
0.51
FASGX:
0.48
SPY:
0.86
FASGX:
1.07
SPY:
1.13
FASGX:
0.26
SPY:
0.55
FASGX:
0.98
SPY:
2.26
FASGX:
3.96%
SPY:
4.55%
FASGX:
13.64%
SPY:
20.08%
FASGX:
-47.29%
SPY:
-55.19%
FASGX:
-7.25%
SPY:
-9.89%
Returns By Period
In the year-to-date period, FASGX achieves a -0.88% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, FASGX has underperformed SPY with an annualized return of 4.22%, while SPY has yielded a comparatively higher 11.99% annualized return.
FASGX
-0.88%
-1.49%
-4.09%
4.41%
7.59%
4.22%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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FASGX vs. SPY - Expense Ratio Comparison
FASGX has a 0.67% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FASGX vs. SPY — Risk-Adjusted Performance Rank
FASGX
SPY
FASGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 70% Fund (FASGX) 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
FASGX vs. SPY - Dividend Comparison
FASGX's dividend yield for the trailing twelve months is around 1.91%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 1.91% | 1.89% | 1.72% | 2.15% | 1.35% | 0.98% | 1.53% | 1.61% | 1.16% | 1.31% | 1.68% | 10.98% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FASGX vs. SPY - Drawdown Comparison
The maximum FASGX drawdown since its inception was -47.29%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FASGX and SPY. For additional features, visit the drawdowns tool.
Volatility
FASGX vs. SPY - Volatility Comparison
The current volatility for Fidelity Asset Manager 70% Fund (FASGX) is 9.09%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that FASGX 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.