FCANX vs. SCLAX

Last updated Aug 1, 2026

FCANX (Fidelity Advisor Asset Manager 30% Fund Class C) and SCLAX (SEI Institutional Managed Trust Multi-Asset Capital Stability Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, FCANX returned 4.30%/yr vs 3.16%/yr for SCLAX. Their correlation of 0.82 means they have usually moved in the same direction. FCANX charges 1.60%/yr vs 0.62%/yr for SCLAX.

Performance

FCANX vs. SCLAX - 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 SEI Institutional Managed Trust Multi-Asset Capital Stability Fund (SCLAX). 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 higher than SCLAX's 2.26% return. Over the past 10 years, FCANX has outperformed SCLAX with an annualized return of 4.30%, while SCLAX has yielded a comparatively lower 3.16% 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%

SCLAX

• 1D: 0.29%
• 1M: -0.19%
• 6M: 1.46%
• YTD: 2.26%
• 1Y: 5.43%
• 3Y*: 5.49%
• 5Y*: 3.28%
• 10Y*: 3.16%
• ALL TIME*: 2.60%

*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)
FCANX Fidelity Advisor Asset Manager 30% Fund Class C	$0.00	$0.00	$0.00
SCLAX SEI Institutional Managed Trust Multi-Asset Capital Stability Fund	$0.00	$0.00	$0.00

FCANX vs. SCLAX - 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%
SCLAX SEI Institutional Managed Trust Multi-Asset Capital Stability Fund	2.26%	6.49%	4.92%	6.96%	-3.74%	1.72%	3.30%	7.91%	-0.67%	3.88%

Correlation

The correlation between FCANX and SCLAX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.82

The correlation between FCANX and SCLAX has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.

Return for Risk

FCANX vs. SCLAX — 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

SCLAX

SCLAX Risk / Return Rank: 76
SCLAX Sharpe Ratio Rank: 79
SCLAX Sortino Ratio Rank: 78
SCLAX Omega Ratio Rank: 79
SCLAX Calmar Ratio Rank: 72
SCLAX Martin Ratio Rank: 73

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. SCLAX - 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 SEI Institutional Managed Trust Multi-Asset Capital Stability Fund (SCLAX). 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	SCLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.85	-0.32
Sortino ratio: Return per unit of downside risk	2.20	2.66	-0.46
Omega ratio: Gain probability vs. loss probability	1.29	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	2.10	2.31	-0.22
Martin ratio: Return relative to average drawdown	8.48	8.90	-0.42

FCANX vs. SCLAX - Sharpe Ratio Comparison

The current FCANX Sharpe Ratio is 1.52, which is comparable to the SCLAX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FCANX and SCLAX, 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. SCLAX - Drawdown Comparison

The maximum FCANX drawdown since its inception was -27.10%, which is greater than SCLAX's maximum drawdown of -5.59%. Use the drawdown chart below to compare losses from any high point for FCANX and SCLAX.

Drawdown Indicators

	FCANX	SCLAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.10%	-5.59%	-21.51%
Max Drawdown (1Y) Largest decline over 1 year	-4.38%	-2.32%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-3.41%	-2.76%
Max Drawdown (5Y) Largest decline over 5 years	-17.42%	-5.59%	-11.83%
Max Drawdown (10Y) Largest decline over 10 years	-17.42%	-5.59%	-11.83%
Current Drawdown Current decline from peak	-1.35%	-0.48%	-0.87%
Average Drawdown Average peak-to-trough decline	-3.52%	-1.14%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.60%	+0.48%

Volatility

FCANX vs. SCLAX - Volatility Comparison

Fidelity Advisor Asset Manager 30% Fund Class C (FCANX) has a higher volatility of 1.71% compared to SEI Institutional Managed Trust Multi-Asset Capital Stability Fund (SCLAX) at 0.78%. This indicates that FCANX's price experiences larger fluctuations and is considered to be riskier than SCLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCANX	SCLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	0.78%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	5.15%	2.33%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	2.91%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	3.12%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	2.77%	+3.46%

FCANX vs. SCLAX - Expense Ratio Comparison

FCANX has a 1.60% expense ratio, which is higher than SCLAX's 0.62% expense ratio.

Dividends

FCANX vs. SCLAX - Dividend Comparison

FCANX's dividend yield for the trailing twelve months is around 1.58%, less than SCLAX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCLAX SEI Institutional Managed Trust Multi-Asset Capital Stability Fund	1.84%	1.88%	7.87%	4.06%	1.90%	2.79%	1.01%	4.67%	0.54%	3.77%	0.69%	1.18%

Frequently Asked Questions

Can I hold both FCANX and SCLAX in my portfolio?

With a correlation of 0.92, FCANX and SCLAX 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 SCLAX?

FCANX has higher volatility (1.71%) compared to SCLAX (0.78%). In terms of maximum drawdown, FCANX dropped -27.10% vs SCLAX's -5.59%.

Which has better risk-adjusted returns?

SCLAX currently has the higher Sharpe Ratio (1.85 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.