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 0.91, 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:
1.24
SPY:
2.12
FASGX:
1.73
SPY:
2.83
FASGX:
1.23
SPY:
1.40
FASGX:
1.96
SPY:
3.15
FASGX:
7.47
SPY:
13.87
FASGX:
1.54%
SPY:
1.91%
FASGX:
9.23%
SPY:
12.51%
FASGX:
-47.29%
SPY:
-55.19%
FASGX:
-3.10%
SPY:
-1.78%
Returns By Period
In the year-to-date period, FASGX achieves a 11.76% return, which is significantly lower than SPY's 26.79% return. Over the past 10 years, FASGX has underperformed SPY with an annualized return of 7.10%, while SPY has yielded a comparatively higher 13.08% annualized return.
FASGX
11.76%
-1.50%
4.50%
11.54%
7.62%
7.10%
SPY
26.79%
-0.30%
10.04%
26.42%
14.75%
13.08%
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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 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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 0.00% | 1.72% | 2.15% | 1.35% | 0.98% | 1.53% | 1.61% | 1.16% | 1.31% | 1.68% | 10.98% | 2.55% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.84%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.07%. 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.