FEYIX vs. VTCLX
FEYIX (Fidelity Advisor Asset Manager 85% Fund Class I) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - FEYIX is a Diversified Portfolio fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, FEYIX returned 11.71%/yr vs 15.47%/yr for VTCLX. With a 0.96 correlation, they move nearly in lockstep. FEYIX charges 0.73%/yr vs 0.09%/yr for VTCLX.
Performance
FEYIX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, FEYIX achieves a 14.13% return, which is significantly higher than VTCLX's 11.31% return. Over the past 10 years, FEYIX has underperformed VTCLX with an annualized return of 11.71%, while VTCLX has yielded a comparatively higher 15.47% annualized return.
FEYIX
- 1D
- 0.58%
- 1M
- 5.23%
- YTD
- 14.13%
- 6M
- 15.32%
- 1Y
- 31.05%
- 3Y*
- 19.04%
- 5Y*
- 9.92%
- 10Y*
- 11.71%
VTCLX
- 1D
- 0.22%
- 1M
- 5.61%
- YTD
- 11.31%
- 6M
- 11.26%
- 1Y
- 28.29%
- 3Y*
- 22.21%
- 5Y*
- 13.46%
- 10Y*
- 15.47%
FEYIX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEYIX Fidelity Advisor Asset Manager 85% Fund Class I | 14.13% | 20.79% | 12.54% | 19.01% | -18.58% | 17.07% | 19.27% | 26.25% | -9.28% | 21.07% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 11.31% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between FEYIX and VTCLX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2005 | 0.96 |
The correlation between FEYIX and VTCLX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FEYIX vs. VTCLX — Risk / Return Rank
FEYIX
VTCLX
FEYIX vs. VTCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 85% Fund Class I (FEYIX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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.
| FEYIX | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.32 | +0.05 |
| Martin ratioReturn relative to average drawdown | 15.00 | 15.43 | -0.43 |
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
| FEYIX | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.43 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.79 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.85 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | -0.01 |
Drawdowns
FEYIX vs. VTCLX - Drawdown Comparison
The maximum FEYIX drawdown since its inception was -52.68%, roughly equal to the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FEYIX and VTCLX.
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Drawdown Indicators
| FEYIX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -55.18% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -8.79% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -19.01% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -24.98% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.94% | -34.56% | +3.62% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -7.57% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.89% | +0.21% |
Volatility
FEYIX vs. VTCLX - Volatility Comparison
Fidelity Advisor Asset Manager 85% Fund Class I (FEYIX) has a higher volatility of 3.80% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.86%. This indicates that FEYIX's price experiences larger fluctuations and is considered to be riskier than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEYIX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 2.86% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 9.09% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 12.01% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 17.22% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.25% | 18.28% | -3.03% |
FEYIX vs. VTCLX - Expense Ratio Comparison
FEYIX has a 0.73% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
FEYIX vs. VTCLX - Dividend Comparison
FEYIX's dividend yield for the trailing twelve months is around 4.90%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEYIX Fidelity Advisor Asset Manager 85% Fund Class I | 4.90% | 5.59% | 3.44% | 1.31% | 5.07% | 3.17% | 1.96% | 5.47% | 5.53% | 2.32% | 0.29% | 4.81% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
With a correlation of 0.95, FEYIX and VTCLX 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.
FEYIX has higher volatility (3.80%) compared to VTCLX (2.86%). In terms of maximum drawdown, FEYIX dropped -52.68% vs VTCLX's -55.18%.
FEYIX currently has the higher Sharpe Ratio (2.58 vs 2.43), 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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