FASMX vs. FPURX

Last updated Jun 4, 2026

FASMX (Fidelity Asset Manager 50% Fund) and FPURX (Fidelity Puritan Fund) are both Diversified Portfolio funds. Over the past 10 years, FASMX returned 7.77%/yr vs 11.53%/yr for FPURX. Their correlation of 0.93 suggests significant overlap in exposure. FASMX charges 0.62%/yr vs 0.50%/yr for FPURX.

Performance

FASMX vs. FPURX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 50% Fund (FASMX) and Fidelity Puritan Fund (FPURX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASMX achieves a 9.03% return, which is significantly lower than FPURX's 10.15% return. Over the past 10 years, FASMX has underperformed FPURX with an annualized return of 7.77%, while FPURX has yielded a comparatively higher 11.53% annualized return.

FASMX

• 1D: 0.38%
• 1M: 3.31%
• YTD: 9.03%
• 6M: 9.69%
• 1Y: 20.66%
• 3Y*: 13.10%
• 5Y*: 6.46%
• 10Y*: 7.77%

FPURX

• 1D: 0.35%
• 1M: 4.19%
• YTD: 10.15%
• 6M: 10.56%
• 1Y: 23.46%
• 3Y*: 17.25%
• 5Y*: 9.61%
• 10Y*: 11.53%

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

FASMX vs. FPURX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASMX Fidelity Asset Manager 50% Fund	9.03%	14.94%	8.46%	13.09%	-14.93%	9.86%	14.72%	18.25%	-5.51%	11.73%
FPURX Fidelity Puritan Fund	10.15%	12.22%	18.94%	20.20%	-17.35%	18.92%	20.58%	21.27%	-4.18%	18.28%

Correlation

The correlation between FASMX and FPURX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 29, 1988	0.93

The correlation between FASMX and FPURX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FASMX vs. FPURX — Risk / Return Rank

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

FASMX

FASMX Risk / Return Rank: 79
FASMX Sharpe Ratio Rank: 82
FASMX Sortino Ratio Rank: 80
FASMX Omega Ratio Rank: 78
FASMX Calmar Ratio Rank: 74
FASMX Martin Ratio Rank: 79

FPURX

FPURX Risk / Return Rank: 71
FPURX Sharpe Ratio Rank: 71
FPURX Sortino Ratio Rank: 66
FPURX Omega Ratio Rank: 67
FPURX Calmar Ratio Rank: 73
FPURX Martin Ratio Rank: 78

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.

FASMX vs. FPURX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 50% Fund (FASMX) and Fidelity Puritan Fund (FPURX). 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.

	FASMX	FPURX	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.46	+0.19
Sortino ratio: Return per unit of downside risk	3.78	3.39	+0.39
Omega ratio: Gain probability vs. loss probability	1.51	1.46	+0.05
Calmar ratio: Return relative to maximum drawdown	3.38	3.31	+0.07
Martin ratio: Return relative to average drawdown	14.80	14.75	+0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FASMX vs. FPURX - Sharpe Ratio Comparison

The current FASMX Sharpe Ratio is 2.65, which is comparable to the FPURX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of FASMX and FPURX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FASMX	FPURX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.46	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.73	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.88	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.73	+0.12

Drawdowns

FASMX vs. FPURX - Drawdown Comparison

The maximum FASMX drawdown since its inception was -37.75%, which is greater than FPURX's maximum drawdown of -31.76%. Use the drawdown chart below to compare losses from any high point for FASMX and FPURX.

Drawdown Indicators

	FASMX	FPURX	Difference
Max Drawdown Largest peak-to-trough decline	-37.75%	-31.76%	-5.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-7.24%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-9.28%	-16.51%	+7.23%
Max Drawdown (5Y) Largest decline over 5 years	-20.54%	-22.53%	+1.99%
Max Drawdown (10Y) Largest decline over 10 years	-21.27%	-23.93%	+2.66%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.12%	-4.65%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	1.62%	-0.21%

Volatility

FASMX vs. FPURX - Volatility Comparison

The current volatility for Fidelity Asset Manager 50% Fund (FASMX) is 2.67%, while Fidelity Puritan Fund (FPURX) has a volatility of 3.21%. This indicates that FASMX experiences smaller price fluctuations and is considered to be less risky than FPURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASMX	FPURX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	3.21%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	6.50%	7.81%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	9.75%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.32%	13.28%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.31%	13.10%	-3.79%

FASMX vs. FPURX - Expense Ratio Comparison

FASMX has a 0.62% expense ratio, which is higher than FPURX's 0.50% expense ratio.

Dividends

FASMX vs. FPURX - Dividend Comparison

FASMX's dividend yield for the trailing twelve months is around 6.93%, more than FPURX's 6.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASMX Fidelity Asset Manager 50% Fund	6.93%	7.58%	3.88%	2.18%	6.78%	2.91%	2.40%	4.21%	5.11%	2.24%	1.69%	5.77%
FPURX Fidelity Puritan Fund	6.19%	6.83%	11.30%	5.34%	9.38%	13.10%	5.10%	4.29%	15.26%	3.78%	3.71%	7.49%

Frequently Asked Questions

Can I hold both FASMX and FPURX in my portfolio?

With a correlation of 0.93, FASMX and FPURX 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, FASMX or FPURX?

FPURX has higher volatility (3.21%) compared to FASMX (2.67%). In terms of maximum drawdown, FASMX dropped -37.75% vs FPURX's -31.76%.

Which has better risk-adjusted returns?

FASMX currently has the higher Sharpe Ratio (2.65 vs 2.46), 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.