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 0.92, 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
FASGX vs. SPY - Performance Comparison
Key characteristics
FASGX:
1.19
SPY:
2.12
FASGX:
1.60
SPY:
2.81
FASGX:
1.22
SPY:
1.39
FASGX:
1.20
SPY:
3.21
FASGX:
5.59
SPY:
13.42
FASGX:
2.11%
SPY:
2.01%
FASGX:
9.93%
SPY:
12.78%
FASGX:
-45.69%
SPY:
-55.19%
FASGX:
-3.38%
SPY:
-0.29%
Returns By Period
In the year-to-date period, FASGX achieves a 3.26% return, which is significantly lower than SPY's 3.73% return. Over the past 10 years, FASGX has underperformed SPY with an annualized return of 5.22%, while SPY has yielded a comparatively higher 13.76% annualized return.
FASGX
3.26%
-0.88%
3.48%
11.04%
6.05%
5.22%
SPY
3.73%
1.10%
12.39%
26.33%
15.23%
13.76%
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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 1.83%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 1.83% | 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 | 1.16% | 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 -45.69%, 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
Fidelity Asset Manager 70% Fund (FASGX) has a higher volatility of 4.36% compared to SPDR S&P 500 ETF (SPY) at 4.00%. This indicates that FASGX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.