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FASIX vs. VASIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FASIX vs. VASIX

Last updated Jun 4, 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 4.49%/yr vs 4.08%/yr for VASIX. Their correlation of 0.90 suggests significant overlap in exposure. 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.

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Returns By Period

In the year-to-date period, FASIX achieves a 4.52% return, which is significantly higher than VASIX's 3.14% return. Over the past 10 years, FASIX has outperformed VASIX with an annualized return of 4.49%, while VASIX has yielded a comparatively lower 4.08% annualized return.

FASIX

1D
0.20%
1M
1.57%
YTD
4.52%
6M
4.81%
1Y
11.66%
3Y*
8.01%
5Y*
3.71%
10Y*
4.49%

VASIX

1D
0.12%
1M
1.70%
YTD
3.14%
6M
3.21%
1Y
9.53%
3Y*
8.20%
5Y*
2.94%
10Y*
4.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FASIX vs. VASIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FASIX
Fidelity Asset Manager 20% Fund		4.52%9.58%5.34%8.00%-10.20%4.04%8.62%10.64%-1.63%6.60%
VASIX
Vanguard LifeStrategy Income Fund		3.14%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, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Dec 15, 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.

FASIX vs. VASIX - Sectors Allocation Comparison

Sectors
FASIX
VASIX

Technology

26.6%
27.3%

Financial Services

16.2%
16.1%

Industrials

12.8%
12.4%

Consumer Cyclical

9.4%
9.4%

Healthcare

8.8%
8.3%

Communication Services

7.9%
8.0%

Consumer Defensive

4.9%
4.8%

Basic Materials

4.4%
4.3%

Energy

3.8%
4.3%

Real Estate

2.7%
2.5%

Utilities

2.5%
2.7%

Technology

FASIX
26.6%
VASIX
27.3%

Financial Services

FASIX
16.2%
VASIX
16.1%

Industrials

FASIX
12.8%
VASIX
12.4%

Consumer Cyclical

FASIX
9.4%
VASIX
9.4%

Healthcare

FASIX
8.8%
VASIX
8.3%

Communication Services

FASIX
7.9%
VASIX
8.0%

Consumer Defensive

FASIX
4.9%
VASIX
4.8%

Basic Materials

FASIX
4.4%
VASIX
4.3%

Energy

FASIX
3.8%
VASIX
4.3%

Real Estate

FASIX
2.7%
VASIX
2.5%

Utilities

FASIX
2.5%
VASIX
2.7%

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Fidelity Asset Manager 20% Fund

Vanguard LifeStrategy Income Fund

Often compared with FASIX:
FASIX vs. TAIAXFASIX vs. INPFXFASIX vs. TSITXFASIX vs. DGTSXFASIX vs. FBALXFASIX vs. DGROFASIX vs. AOM
Often compared with VASIX:
VASIX vs. VTIVXVASIX vs. VBIAXVASIX vs. VOOVASIX vs. PRSIXVASIX vs. IRTRVASIX vs. AONIXVASIX vs. VEIPX

Return for Risk

FASIX vs. VASIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FASIX
FASIX Risk / Return Rank: 8484
Overall Rank
FASIX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
FASIX Sortino Ratio Rank: 8888
Sortino Ratio Rank
FASIX Omega Ratio Rank: 8585
Omega Ratio Rank
FASIX Calmar Ratio Rank: 7777
Calmar Ratio Rank
FASIX Martin Ratio Rank: 8282
Martin Ratio Rank
VASIX
VASIX Risk / Return Rank: 5353
Overall Rank
VASIX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
VASIX Sortino Ratio Rank: 5656
Sortino Ratio Rank
VASIX Omega Ratio Rank: 6060
Omega Ratio Rank
VASIX Calmar Ratio Rank: 4242
Calmar Ratio Rank
VASIX Martin Ratio Rank: 5151
Martin Ratio Rank
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.

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.

FASIXVASIXDifference
Sharpe ratioReturn per unit of total volatility
2.85
2.18

+0.67

Sortino ratioReturn per unit of downside risk
4.23
3.17

+1.06

Omega ratioGain probability vs. loss probability

1.58

1.43

+0.15

Calmar ratioReturn relative to maximum drawdown

3.52

2.47

+1.05

Martin ratioReturn relative to average drawdown

15.53

10.32

+5.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FASIX vs. VASIX - Sharpe Ratio Comparison

The current FASIX Sharpe Ratio is 2.85, which is higher than the VASIX Sharpe Ratio of 2.18. 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.

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Sharpe Ratios by Period

FASIXVASIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

2.18

+0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.51

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.83

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

1.12

0.00

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.

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Drawdown Indicators

FASIXVASIXDifference

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

-4.84%

-5.58%

+0.74%

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

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.78%

-1.92%

+0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

0.93%

-0.17%

Volatility

FASIX vs. VASIX - Volatility Comparison

The current volatility for Fidelity Asset Manager 20% Fund (FASIX) is 1.53%, while Vanguard LifeStrategy Income Fund (VASIX) has a volatility of 1.71%. 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.

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Volatility by Period

FASIXVASIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.53%

1.71%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

3.39%

3.65%

-0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

4.14%

4.42%

-0.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.05%

5.75%

-0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.64%

4.92%

-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 3.02%, less than VASIX's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
FASIX
Fidelity Asset Manager 20% Fund		3.02%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		4.11%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

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.

VASIX has higher volatility (1.71%) compared to FASIX (1.53%). In terms of maximum drawdown, FASIX dropped -19.61% vs VASIX's -18.17%.

FASIX currently has the higher Sharpe Ratio (2.85 vs 2.18), 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.

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