FEYAX vs. WWWEX
FEYAX (Fidelity Advisor Asset Manager 85% Fund Class A) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 10 years, FEYAX returned 11.00%/yr vs 15.16%/yr for WWWEX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FEYAX charges 1.00%/yr vs 1.39%/yr for WWWEX.
Performance
FEYAX vs. WWWEX - Performance Comparison
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Returns By Period
In the year-to-date period, FEYAX achieves a 12.06% return, which is significantly higher than WWWEX's 4.79% return. Over the past 10 years, FEYAX has underperformed WWWEX with an annualized return of 11.00%, while WWWEX has yielded a comparatively higher 15.16% annualized return.
FEYAX
- 1D
- 2.04%
- 1M
- -0.77%
- 6M
- 8.21%
- YTD
- 12.06%
- 1Y
- 24.00%
- 3Y*
- 16.08%
- 5Y*
- 8.69%
- 10Y*
- 11.00%
- ALL TIME*
- 8.24%
WWWEX
- 1D
- 1.26%
- 1M
- 1.02%
- 6M
- -0.88%
- YTD
- 4.79%
- 1Y
- 0.83%
- 3Y*
- 28.06%
- 5Y*
- 13.30%
- 10Y*
- 15.16%
- ALL TIME*
- 4.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEYAX vs. WWWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEYAX Fidelity Advisor Asset Manager 85% Fund Class A | 12.06% | 20.45% | 12.32% | 18.67% | -18.82% | 16.79% | 18.99% | 25.83% | -9.46% | 20.98% |
WWWEX Kinetics The Global Fund | 4.79% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between FEYAX and WWWEX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2005 | 0.61 |
The correlation between FEYAX and WWWEX has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
FEYAX vs. WWWEX — Risk / Return Rank
FEYAX
WWWEX
FEYAX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 85% Fund Class A (FEYAX) and Kinetics The Global Fund (WWWEX). 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.
| FEYAX | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.00 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.07 | +2.43 |
| Martin ratioReturn relative to average drawdown | 9.96 | -0.15 | +10.11 |
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Drawdowns
FEYAX vs. WWWEX - Drawdown Comparison
The maximum FEYAX drawdown since its inception was -52.90%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for FEYAX and WWWEX.
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Drawdown Indicators
| FEYAX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.90% | -82.60% | +29.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -13.86% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -17.66% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | -26.62% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -31.01% | -36.00% | +4.99% |
Current DrawdownCurrent decline from peak | -1.85% | -9.61% | +7.76% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -41.12% | +33.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 6.63% | -4.41% |
Volatility
FEYAX vs. WWWEX - Volatility Comparison
Fidelity Advisor Asset Manager 85% Fund Class A (FEYAX) has a higher volatility of 3.92% compared to Kinetics The Global Fund (WWWEX) at 3.67%. This indicates that FEYAX's price experiences larger fluctuations and is considered to be riskier than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEYAX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.67% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 13.30% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 17.34% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 19.41% | -4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 19.24% | -3.94% |
FEYAX vs. WWWEX - Expense Ratio Comparison
FEYAX has a 1.00% expense ratio, which is lower than WWWEX's 1.39% expense ratio.
Dividends
FEYAX vs. WWWEX - Dividend Comparison
FEYAX's dividend yield for the trailing twelve months is around 4.77%, more than WWWEX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEYAX Fidelity Advisor Asset Manager 85% Fund Class A | 4.77% | 5.35% | 3.19% | 1.10% | 4.85% | 2.95% | 1.75% | 5.30% | 5.34% | 2.33% | 0.29% | 4.55% |
WWWEX Kinetics The Global Fund | 2.46% | 2.58% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% |
Frequently Asked Questions
FEYAX and WWWEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEYAX has higher volatility (3.92%) compared to WWWEX (3.67%). In terms of maximum drawdown, FEYAX dropped -52.90% vs WWWEX's -82.60%.
FEYAX currently has the higher Sharpe Ratio (1.62 vs -0.06), 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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