FEYCX vs. IOEZX

Last updated Jun 4, 2026

FEYCX (Fidelity Advisor Asset Manager 85% Fund Class C) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, FEYCX returned 10.78%/yr vs 8.56%/yr for IOEZX. Their correlation of 0.85 suggests significant overlap in exposure. FEYCX charges 1.76%/yr vs 1.00%/yr for IOEZX.

Performance

FEYCX vs. IOEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 85% Fund Class C (FEYCX) and ICON Equity Income Fund (IOEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FEYCX having a 13.65% return and IOEZX slightly higher at 13.83%. Over the past 10 years, FEYCX has outperformed IOEZX with an annualized return of 10.78%, while IOEZX has yielded a comparatively lower 8.56% annualized return.

FEYCX

• 1D: 0.57%
• 1M: 5.15%
• YTD: 13.65%
• 6M: 14.76%
• 1Y: 29.75%
• 3Y*: 17.85%
• 5Y*: 8.80%
• 10Y*: 10.78%

IOEZX

• 1D: 0.91%
• 1M: -0.69%
• YTD: 13.83%
• 6M: 15.02%
• 1Y: 27.35%
• 3Y*: 12.80%
• 5Y*: 4.43%
• 10Y*: 8.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEYCX vs. IOEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEYCX Fidelity Advisor Asset Manager 85% Fund Class C	13.65%	19.59%	11.42%	17.77%	-19.43%	15.90%	18.08%	24.93%	-10.15%	20.93%
IOEZX ICON Equity Income Fund	13.83%	14.29%	6.12%	3.82%	-13.56%	24.15%	3.16%	27.70%	-10.11%	13.59%

Correlation

The correlation between FEYCX and IOEZX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 2, 2005	0.85

Over the past year, the correlation between FEYCX and IOEZX has dropped to 0.60 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

FEYCX vs. IOEZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEYCX

FEYCX Risk / Return Rank: 69
FEYCX Sharpe Ratio Rank: 71
FEYCX Sortino Ratio Rank: 66
FEYCX Omega Ratio Rank: 66
FEYCX Calmar Ratio Rank: 68
FEYCX Martin Ratio Rank: 75

IOEZX

IOEZX Risk / Return Rank: 70
IOEZX Sharpe Ratio Rank: 62
IOEZX Sortino Ratio Rank: 67
IOEZX Omega Ratio Rank: 51
IOEZX Calmar Ratio Rank: 86
IOEZX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEYCX vs. IOEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 85% Fund Class C (FEYCX) and ICON Equity Income Fund (IOEZX). 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.

	FEYCX	IOEZX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.32	+0.15
Sortino ratio: Return per unit of downside risk	3.40	3.41	-0.01
Omega ratio: Gain probability vs. loss probability	1.45	1.39	+0.06
Calmar ratio: Return relative to maximum drawdown	3.20	4.13	-0.93
Martin ratio: Return relative to average drawdown	14.13	15.74	-1.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEYCX vs. IOEZX - Sharpe Ratio Comparison

The current FEYCX Sharpe Ratio is 2.47, which is comparable to the IOEZX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FEYCX and IOEZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEYCX	IOEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.32	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.32	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.52	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.40	+0.06

Drawdowns

FEYCX vs. IOEZX - Drawdown Comparison

The maximum FEYCX drawdown since its inception was -53.39%, roughly equal to the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for FEYCX and IOEZX.

Drawdown Indicators

	FEYCX	IOEZX	Difference
Max Drawdown Largest peak-to-trough decline	-53.39%	-56.15%	+2.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-6.77%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-13.95%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-26.73%	-21.47%	-5.26%
Max Drawdown (10Y) Largest decline over 10 years	-31.02%	-38.12%	+7.10%
Current Drawdown Current decline from peak	0.00%	-2.20%	+2.20%
Average Drawdown Average peak-to-trough decline	-7.84%	-8.58%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	1.77%	+0.36%

Volatility

FEYCX vs. IOEZX - Volatility Comparison

Fidelity Advisor Asset Manager 85% Fund Class C (FEYCX) and ICON Equity Income Fund (IOEZX) have volatilities of 3.82% and 3.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEYCX	IOEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	3.68%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.84%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	12.05%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	13.83%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.26%	16.48%	-1.22%

FEYCX vs. IOEZX - Expense Ratio Comparison

FEYCX has a 1.76% expense ratio, which is higher than IOEZX's 1.00% expense ratio.

Dividends

FEYCX vs. IOEZX - Dividend Comparison

FEYCX's dividend yield for the trailing twelve months is around 4.15%, more than IOEZX's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEYCX Fidelity Advisor Asset Manager 85% Fund Class C	4.15%	4.72%	2.46%	0.39%	4.05%	2.20%	1.11%	4.55%	4.49%	2.36%	0.29%	3.88%
IOEZX ICON Equity Income Fund	2.97%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%

Frequently Asked Questions

Can I hold both FEYCX and IOEZX in my portfolio?

FEYCX and IOEZX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEYCX or IOEZX?

FEYCX has higher volatility (3.82%) compared to IOEZX (3.68%). In terms of maximum drawdown, FEYCX dropped -53.39% vs IOEZX's -56.15%.

Which has better risk-adjusted returns?

FEYCX currently has the higher Sharpe Ratio (2.47 vs 2.32), 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.