FASMX vs. SPY
Compare and contrast key facts about Fidelity Asset Manager 50% Fund (FASMX) and SPDR S&P 500 ETF (SPY).
FASMX is managed by Blackrock. It was launched on Dec 28, 1988. 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: FASMX or SPY.
Correlation
The correlation between FASMX and SPY is 0.90, 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
FASMX vs. SPY - Performance Comparison
Key characteristics
FASMX:
1.23
SPY:
1.88
FASMX:
1.71
SPY:
2.53
FASMX:
1.22
SPY:
1.35
FASMX:
0.94
SPY:
2.83
FASMX:
5.20
SPY:
11.74
FASMX:
1.75%
SPY:
2.02%
FASMX:
7.43%
SPY:
12.64%
FASMX:
-35.37%
SPY:
-55.19%
FASMX:
-1.70%
SPY:
-0.42%
Returns By Period
In the year-to-date period, FASMX achieves a 3.23% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, FASMX has underperformed SPY with an annualized return of 3.90%, while SPY has yielded a comparatively higher 13.18% annualized return.
FASMX
3.23%
1.20%
2.20%
9.40%
4.07%
3.90%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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FASMX vs. SPY - Expense Ratio Comparison
FASMX has a 0.62% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FASMX vs. SPY — Risk-Adjusted Performance Rank
FASMX
SPY
FASMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 50% Fund (FASMX) 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
FASMX vs. SPY - Dividend Comparison
FASMX's dividend yield for the trailing twelve months is around 2.34%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASMX Fidelity Asset Manager 50% Fund | 2.34% | 2.41% | 2.18% | 2.35% | 1.52% | 1.24% | 1.79% | 1.93% | 1.41% | 1.55% | 1.93% | 8.91% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FASMX vs. SPY - Drawdown Comparison
The maximum FASMX drawdown since its inception was -35.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FASMX and SPY. For additional features, visit the drawdowns tool.
Volatility
FASMX vs. SPY - Volatility Comparison
The current volatility for Fidelity Asset Manager 50% Fund (FASMX) is 1.90%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that FASMX 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.