FCANX vs. VTMSX

Last updated Aug 1, 2026

FCANX (Fidelity Advisor Asset Manager 30% Fund Class C) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both mutual funds - FCANX is a Diversified Portfolio fund managed by BlackRock, while VTMSX is a Small Cap Blend Equities fund managed by BlackRock. Over the past 10 years, FCANX returned 4.30%/yr vs 10.75%/yr for VTMSX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FCANX charges 1.60%/yr vs 0.09%/yr for VTMSX.

Performance

FCANX vs. VTMSX - 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 Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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 VTMSX's 21.93% return. Over the past 10 years, FCANX has underperformed VTMSX with an annualized return of 4.30%, while VTMSX has yielded a comparatively higher 10.75% 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%

VTMSX

• 1D: 0.86%
• 1M: -0.56%
• 6M: 15.49%
• YTD: 21.93%
• 1Y: 36.13%
• 3Y*: 13.30%
• 5Y*: 7.52%
• 10Y*: 10.75%
• ALL TIME*: 10.61%

*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
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	$0.00	$0.00	$0.00

FCANX vs. VTMSX - 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%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	21.93%	5.93%	8.61%	15.95%	-16.16%	27.08%	11.05%	23.28%	-8.62%	13.05%

Correlation

The correlation between FCANX and VTMSX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007	0.76

The correlation between FCANX and VTMSX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

FCANX vs. VTMSX — 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

VTMSX

VTMSX Risk / Return Rank: 84
VTMSX Sharpe Ratio Rank: 80
VTMSX Sortino Ratio Rank: 81
VTMSX Omega Ratio Rank: 76
VTMSX Calmar Ratio Rank: 93
VTMSX Martin Ratio Rank: 92

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. VTMSX - 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 Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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	VTMSX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.87	-0.35
Sortino ratio: Return per unit of downside risk	2.20	2.77	-0.57
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.10	3.79	-1.69
Martin ratio: Return relative to average drawdown	8.48	12.88	-4.40

FCANX vs. VTMSX - Sharpe Ratio Comparison

The current FCANX Sharpe Ratio is 1.52, which is comparable to the VTMSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FCANX and VTMSX, 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. VTMSX - Drawdown Comparison

The maximum FCANX drawdown since its inception was -27.10%, smaller than the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for FCANX and VTMSX.

Drawdown Indicators

	FCANX	VTMSX	Difference
Max Drawdown Largest peak-to-trough decline	-27.10%	-57.84%	+30.74%
Max Drawdown (1Y) Largest decline over 1 year	-4.38%	-8.59%	+4.21%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-27.93%	+21.76%
Max Drawdown (5Y) Largest decline over 5 years	-17.42%	-27.93%	+10.51%
Max Drawdown (10Y) Largest decline over 10 years	-17.42%	-43.88%	+26.46%
Current Drawdown Current decline from peak	-1.35%	-1.82%	+0.47%
Average Drawdown Average peak-to-trough decline	-3.52%	-8.88%	+5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	2.53%	-1.45%

Volatility

FCANX vs. VTMSX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class C (FCANX) is 1.71%, while Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a volatility of 3.47%. This indicates that FCANX experiences smaller price fluctuations and is considered to be less risky than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCANX	VTMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	3.47%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	5.15%	11.67%	-6.52%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	17.40%	-11.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	21.32%	-14.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	23.07%	-16.84%

FCANX vs. VTMSX - Expense Ratio Comparison

FCANX has a 1.60% expense ratio, which is higher than VTMSX's 0.09% expense ratio.

Dividends

FCANX vs. VTMSX - Dividend Comparison

FCANX's dividend yield for the trailing twelve months is around 1.58%, more than VTMSX's 1.19% 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%
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares	1.19%	1.28%	1.44%	1.50%	1.51%	1.16%	1.09%	1.15%	1.26%	1.11%	1.01%	1.26%

Frequently Asked Questions

Can I hold both FCANX and VTMSX in my portfolio?

FCANX and VTMSX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCANX or VTMSX?

VTMSX has higher volatility (3.47%) compared to FCANX (1.71%). In terms of maximum drawdown, FCANX dropped -27.10% vs VTMSX's -57.84%.

Which has better risk-adjusted returns?

VTMSX currently has the higher Sharpe Ratio (1.87 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.