FCASX vs. WFSPX
FCASX (Fidelity Advisor Asset Manager 70% Fund Class C) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - FCASX is a Diversified Portfolio fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FCASX returned 9.00%/yr vs 15.45%/yr for WFSPX. Their correlation of 0.94 suggests significant overlap in exposure. FCASX charges 1.73%/yr vs 0.03%/yr for WFSPX.
Performance
FCASX vs. WFSPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FCASX having a 11.02% return and WFSPX slightly higher at 11.33%. Over the past 10 years, FCASX has underperformed WFSPX with an annualized return of 9.00%, while WFSPX has yielded a comparatively higher 15.45% annualized return.
FCASX
- 1D
- 0.24%
- 1M
- 1.49%
- YTD
- 11.02%
- 6M
- 11.75%
- 1Y
- 24.30%
- 3Y*
- 15.20%
- 5Y*
- 7.10%
- 10Y*
- 9.00%
WFSPX
- 1D
- 0.42%
- 1M
- 3.11%
- YTD
- 11.33%
- 6M
- 11.01%
- 1Y
- 29.18%
- 3Y*
- 22.66%
- 5Y*
- 13.97%
- 10Y*
- 15.45%
FCASX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCASX Fidelity Advisor Asset Manager 70% Fund Class C | 11.02% | 17.02% | 9.64% | 15.21% | -17.67% | 12.74% | 15.96% | 21.50% | -8.63% | 17.32% |
WFSPX iShares S&P 500 Index Fund | 11.33% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between FCASX and WFSPX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2008 | 0.94 |
The correlation between FCASX and WFSPX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FCASX vs. WFSPX — Risk / Return Rank
FCASX
WFSPX
FCASX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 70% Fund Class C (FCASX) and iShares S&P 500 Index Fund (WFSPX). 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.
| FCASX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 3.22 | -0.20 |
| Martin ratioReturn relative to average drawdown | 13.29 | 15.03 | -1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCASX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.41 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.83 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.86 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.13 | +0.45 |
Drawdowns
FCASX vs. WFSPX - Drawdown Comparison
The maximum FCASX drawdown since its inception was -31.48%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FCASX and WFSPX.
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Drawdown Indicators
| FCASX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -58.21% | +26.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -8.90% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.91% | -18.74% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -24.51% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -27.25% | -33.74% | +6.49% |
Current DrawdownCurrent decline from peak | -0.36% | -0.32% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -12.77% | +7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.90% | -0.07% |
Volatility
FCASX vs. WFSPX - Volatility Comparison
Fidelity Advisor Asset Manager 70% Fund Class C (FCASX) has a higher volatility of 3.31% compared to iShares S&P 500 Index Fund (WFSPX) at 2.87%. This indicates that FCASX's price experiences larger fluctuations and is considered to be riskier than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCASX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.87% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.41% | 8.99% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 11.87% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.26% | 16.88% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 18.02% | -5.39% |
FCASX vs. WFSPX - Expense Ratio Comparison
FCASX has a 1.73% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
FCASX vs. WFSPX - Dividend Comparison
FCASX's dividend yield for the trailing twelve months is around 5.57%, more than WFSPX's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCASX Fidelity Advisor Asset Manager 70% Fund Class C | 5.57% | 6.18% | 3.48% | 0.65% | 5.52% | 1.62% | 1.22% | 4.03% | 5.09% | 2.76% | 0.20% | 4.47% |
WFSPX iShares S&P 500 Index Fund | 1.57% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
With a correlation of 0.94, FCASX and WFSPX 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.
FCASX has higher volatility (3.31%) compared to WFSPX (2.87%). In terms of maximum drawdown, FCASX dropped -31.48% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.41 vs 2.36), 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.
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