FCANX vs. FASGX

Last updated Aug 1, 2026

FCANX (Fidelity Advisor Asset Manager 30% Fund Class C) and FASGX (Fidelity Asset Manager 70% Fund) are both Diversified Portfolio funds. Over the past 10 years, FCANX returned 4.30%/yr vs 9.58%/yr for FASGX. Their correlation of 0.93 means they have usually moved in the same direction. FCANX charges 1.60%/yr vs 0.66%/yr for FASGX.

Performance

FCANX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class C (FCANX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCANX achieves a 4.21% return, which is significantly lower than FASGX's 10.24% return. Over the past 10 years, FCANX has underperformed FASGX with an annualized return of 4.30%, while FASGX has yielded a comparatively higher 9.58% annualized return.

FCANX

• 1D: 0.77%
• 1M: -0.91%
• 6M: 2.59%
• YTD: 4.21%
• 1Y: 9.36%
• 3Y*: 7.47%
• 5Y*: 2.82%
• 10Y*: 4.30%
• ALL TIME*: 3.70%

FASGX

• 1D: 1.69%
• 1M: -0.72%
• 6M: 7.00%
• YTD: 10.24%
• 1Y: 20.53%
• 3Y*: 14.25%
• 5Y*: 7.62%
• 10Y*: 9.58%
• ALL TIME*: 8.23%

*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)
FASGX Fidelity Asset Manager 70% Fund	$0.00	$0.00	$0.00
FCANX Fidelity Advisor Asset Manager 30% Fund Class C	$0.00	$0.00	$0.00

FCANX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCANX Fidelity Advisor Asset Manager 30% Fund Class C	4.21%	10.20%	5.16%	8.76%	-13.26%	4.93%	9.91%	12.30%	-3.97%	8.05%
FASGX Fidelity Asset Manager 70% Fund	10.24%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Correlation

The correlation between FCANX and FASGX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007	0.93

The correlation between FCANX and FASGX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FCANX vs. FASGX — Risk / Return Rank

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

FCANX

FCANX Risk / Return Rank: 58
FCANX Sharpe Ratio Rank: 56
FCANX Sortino Ratio Rank: 57
FCANX Omega Ratio Rank: 59
FCANX Calmar Ratio Rank: 56
FCANX Martin Ratio Rank: 62

FASGX

FASGX Risk / Return Rank: 75
FASGX Sharpe Ratio Rank: 73
FASGX Sortino Ratio Rank: 71
FASGX Omega Ratio Rank: 72
FASGX Calmar Ratio Rank: 75
FASGX Martin Ratio Rank: 83

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.

FCANX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 30% Fund Class C (FCANX) and Fidelity Asset Manager 70% Fund (FASGX). 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.

	FCANX	FASGX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.66	-0.14
Sortino ratio: Return per unit of downside risk	2.20	2.35	-0.15
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.10	2.41	-0.32
Martin ratio: Return relative to average drawdown	8.48	10.13	-1.65

FCANX vs. FASGX - Sharpe Ratio Comparison

The current FCANX Sharpe Ratio is 1.52, which is comparable to the FASGX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FCANX and FASGX, 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

FCANX vs. FASGX - Drawdown Comparison

The maximum FCANX drawdown since its inception was -27.10%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for FCANX and FASGX.

Drawdown Indicators

	FCANX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-27.10%	-47.35%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.38%	-7.95%	+3.57%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-12.80%	+6.63%
Max Drawdown (5Y) Largest decline over 5 years	-17.42%	-23.54%	+6.12%
Max Drawdown (10Y) Largest decline over 10 years	-17.42%	-27.20%	+9.78%
Current Drawdown Current decline from peak	-1.35%	-1.63%	+0.28%
Average Drawdown Average peak-to-trough decline	-3.52%	-6.69%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.89%	-0.81%

Volatility

FCANX vs. FASGX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class C (FCANX) is 1.71%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.33%. This indicates that FCANX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCANX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	3.33%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	5.15%	9.76%	-4.61%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	11.54%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	12.46%	-5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	12.68%	-6.45%

FCANX vs. FASGX - Expense Ratio Comparison

FCANX has a 1.60% expense ratio, which is higher than FASGX's 0.66% expense ratio.

Dividends

FCANX vs. FASGX - Dividend Comparison

FCANX's dividend yield for the trailing twelve months is around 1.58%, less than FASGX's 6.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.65%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
FCANX Fidelity Advisor Asset Manager 30% Fund Class C	1.46%	1.94%	2.09%	1.79%	3.93%	1.13%	1.28%	2.24%	2.74%	1.97%	0.76%	2.49%

Frequently Asked Questions

Can I hold both FCANX and FASGX in my portfolio?

With a correlation of 0.96, FCANX and FASGX 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, FCANX or FASGX?

FASGX has higher volatility (3.33%) compared to FCANX (1.71%). In terms of maximum drawdown, FCANX dropped -27.10% vs FASGX's -47.35%.

Which has better risk-adjusted returns?

FASGX currently has the higher Sharpe Ratio (1.66 vs 1.52), 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.