FASIX vs. VASIX

Last updated Aug 2, 2026

FASIX (Fidelity Asset Manager 20% Fund) and VASIX (Vanguard LifeStrategy Income Fund) are both Diversified Portfolio funds. Over the past 10 years, FASIX returned 4.24%/yr vs 3.76%/yr for VASIX. Their correlation of 0.90 means they have usually moved in the same direction. FASIX charges 0.51%/yr vs 0.11%/yr for VASIX.

Performance

FASIX vs. VASIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 20% Fund (FASIX) and Vanguard LifeStrategy Income Fund (VASIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASIX achieves a 3.85% return, which is significantly higher than VASIX's 2.17% return. Over the past 10 years, FASIX has outperformed VASIX with an annualized return of 4.24%, while VASIX has yielded a comparatively lower 3.76% annualized return.

FASIX

• 1D: 0.55%
• 1M: -0.47%
• 6M: 2.56%
• YTD: 3.85%
• 1Y: 8.46%
• 3Y*: 7.28%
• 5Y*: 3.21%
• 10Y*: 4.24%
• ALL TIME*: 5.07%

VASIX

• 1D: 0.51%
• 1M: -0.69%
• 6M: 1.27%
• YTD: 2.17%
• 1Y: 6.19%
• 3Y*: 7.40%
• 5Y*: 2.34%
• 10Y*: 3.76%
• ALL TIME*: 5.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FASIX Fidelity Asset Manager 20% Fund	$0.00	$0.00	$0.00
VASIX Vanguard LifeStrategy Income Fund	$0.00	$0.00	$0.00

FASIX vs. VASIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASIX Fidelity Asset Manager 20% Fund	3.85%	9.58%	5.34%	8.00%	-10.20%	4.04%	8.62%	10.64%	-1.63%	6.60%
VASIX Vanguard LifeStrategy Income Fund	2.17%	9.42%	6.67%	9.63%	-13.94%	1.92%	9.13%	12.05%	-1.05%	6.05%

Correlation

The correlation between FASIX and VASIX is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Dec 14, 1995	0.90

The correlation between FASIX and VASIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FASIX vs. VASIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FASIX

FASIX Risk / Return Rank: 80
FASIX Sharpe Ratio Rank: 80
FASIX Sortino Ratio Rank: 79
FASIX Omega Ratio Rank: 79
FASIX Calmar Ratio Rank: 78
FASIX Martin Ratio Rank: 85

VASIX

VASIX Risk / Return Rank: 50
VASIX Sharpe Ratio Rank: 54
VASIX Sortino Ratio Rank: 54
VASIX Omega Ratio Rank: 55
VASIX Calmar Ratio Rank: 41
VASIX Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FASIX vs. VASIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 20% Fund (FASIX) and Vanguard LifeStrategy Income Fund (VASIX). 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.

	FASIX	VASIX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.35	+0.51
Sortino ratio: Return per unit of downside risk	2.68	1.95	+0.73
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.10
Calmar ratio: Return relative to maximum drawdown	2.52	1.63	+0.89
Martin ratio: Return relative to average drawdown	10.59	6.47	+4.11

FASIX vs. VASIX - Sharpe Ratio Comparison

The current FASIX Sharpe Ratio is 1.85, which is higher than the VASIX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FASIX and VASIX, 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

FASIX vs. VASIX - Drawdown Comparison

The maximum FASIX drawdown since its inception was -19.61%, which is greater than VASIX's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for FASIX and VASIX.

Drawdown Indicators

	FASIX	VASIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-18.17%	-1.44%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-3.90%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-3.99%	-4.43%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-13.86%	-18.17%	+4.31%
Max Drawdown (10Y) Largest decline over 10 years	-13.86%	-18.17%	+4.31%
Current Drawdown Current decline from peak	-0.81%	-1.12%	+0.31%
Average Drawdown Average peak-to-trough decline	-1.77%	-1.91%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	0.98%	-0.18%

Volatility

FASIX vs. VASIX - Volatility Comparison

The current volatility for Fidelity Asset Manager 20% Fund (FASIX) is 1.31%, while Vanguard LifeStrategy Income Fund (VASIX) has a volatility of 1.38%. This indicates that FASIX experiences smaller price fluctuations and is considered to be less risky than VASIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASIX	VASIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.38%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	3.90%	4.04%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	4.56%	4.72%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.13%	5.82%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	4.96%	-0.28%

FASIX vs. VASIX - Expense Ratio Comparison

FASIX has a 0.51% expense ratio, which is higher than VASIX's 0.11% expense ratio.

Dividends

FASIX vs. VASIX - Dividend Comparison

FASIX's dividend yield for the trailing twelve months is around 3.01%, less than VASIX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASIX Fidelity Asset Manager 20% Fund	2.78%	3.21%	3.34%	3.17%	4.55%	1.63%	2.16%	3.02%	4.11%	3.23%	1.85%	3.95%
VASIX Vanguard LifeStrategy Income Fund	4.16%	4.18%	7.61%	3.17%	2.02%	3.95%	2.15%	2.73%	3.55%	1.52%	2.26%	2.57%

Frequently Asked Questions

Can I hold both FASIX and VASIX in my portfolio?

With a correlation of 0.94, FASIX and VASIX 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.

Which is riskier, FASIX or VASIX?

VASIX has higher volatility (1.38%) compared to FASIX (1.31%). In terms of maximum drawdown, FASIX dropped -19.61% vs VASIX's -18.17%.

Which has better risk-adjusted returns?

FASIX currently has the higher Sharpe Ratio (1.85 vs 1.35), 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.