FASGX vs. VZ

Last updated Jun 24, 2026

FASGX (Fidelity Asset Manager 70% Fund) is Diversified Portfolio fund managed by BlackRock, while VZ (Verizon Communications Inc.) is a stock. Over the past 10 years, FASGX returned 10.31%/yr vs 3.86%/yr for VZ. At a 0.42 correlation, their price movements are largely independent.

Performance

FASGX vs. VZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 70% Fund (FASGX) and Verizon Communications Inc. (VZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASGX achieves a 11.90% return, which is significantly lower than VZ's 18.48% return. Over the past 10 years, FASGX has outperformed VZ with an annualized return of 10.31%, while VZ has yielded a comparatively lower 3.86% 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%

VZ

• 1D: 3.02%
• 1M: -3.35%
• YTD: 18.48%
• 6M: 20.88%
• 1Y: 17.75%
• 3Y*: 17.22%
• 5Y*: 2.48%
• 10Y*: 3.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FASGX vs. VZ - 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%
VZ Verizon Communications Inc.	18.48%	8.86%	13.14%	2.71%	-20.02%	-7.55%	-0.13%	13.83%	11.26%	3.97%

Correlation

The correlation between FASGX and VZ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 3, 2000	0.42

The correlation between FASGX and VZ shifts across timeframes, from -0.11 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FASGX vs. VZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FASGX

FASGX Risk / Return Rank: 77
FASGX Sharpe Ratio Rank: 77
FASGX Sortino Ratio Rank: 74
FASGX Omega Ratio Rank: 75
FASGX Calmar Ratio Rank: 77
FASGX Martin Ratio Rank: 82

VZ

VZ Risk / Return Rank: 66
VZ Sharpe Ratio Rank: 67
VZ Sortino Ratio Rank: 64
VZ Omega Ratio Rank: 62
VZ Calmar Ratio Rank: 68
VZ Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FASGX vs. VZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 70% Fund (FASGX) and Verizon Communications Inc. (VZ). 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	VZ	Difference
Sharpe ratio: Return per unit of total volatility	2.36	0.77	+1.59
Sortino ratio: Return per unit of downside risk	3.26	1.40	+1.86
Omega ratio: Gain probability vs. loss probability	1.44	1.17	+0.27
Calmar ratio: Return relative to maximum drawdown	3.29	1.34	+1.95
Martin ratio: Return relative to average drawdown	14.19	2.80	+11.39

FASGX vs. VZ - Sharpe Ratio Comparison

The current FASGX Sharpe Ratio is 2.36, which is higher than the VZ Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of FASGX and VZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FASGX vs. VZ - Drawdown Comparison

The maximum FASGX drawdown since its inception was -47.35%, smaller than the maximum VZ drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for FASGX and VZ.

Drawdown Indicators

	FASGX	VZ	Difference
Max Drawdown Largest peak-to-trough decline	-47.35%	-50.66%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-13.32%	+5.37%
Max Drawdown (3Y) Largest decline over 3 years	-12.80%	-14.93%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-38.38%	+14.84%
Max Drawdown (10Y) Largest decline over 10 years	-27.20%	-41.21%	+14.01%
Current Drawdown Current decline from peak	-0.12%	-7.68%	+7.56%
Average Drawdown Average peak-to-trough decline	-6.70%	-14.82%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	6.36%	-4.52%

Volatility

FASGX vs. VZ - Volatility Comparison

The current volatility for Fidelity Asset Manager 70% Fund (FASGX) is 4.58%, while Verizon Communications Inc. (VZ) has a volatility of 7.62%. This indicates that FASGX experiences smaller price fluctuations and is considered to be less risky than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASGX	VZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	7.62%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	18.34%	-9.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.10%	23.06%	-11.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	21.75%	-9.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.71%	20.41%	-7.70%

Dividends

FASGX vs. VZ - Dividend Comparison

FASGX's dividend yield for the trailing twelve months is around 6.55%, more than VZ's 5.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VZ Verizon Communications Inc.	5.92%	6.68%	6.68%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%

Frequently Asked Questions

Can I hold both FASGX and VZ in my portfolio?

FASGX and VZ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FASGX or VZ?

VZ has higher volatility (7.62%) compared to FASGX (4.58%). In terms of maximum drawdown, FASGX dropped -47.35% vs VZ's -50.66%.

Which has better risk-adjusted returns?

FASGX currently has the higher Sharpe Ratio (2.36 vs 0.77), 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.