FEYTX vs. FIQCX

Last updated Jun 25, 2026

FEYTX (Fidelity Advisor Asset Manager 85% Fund Class M) and FIQCX (Fidelity Advisor Asset Manager 85% Fund Class Z) are both Diversified Portfolio funds from BlackRock. Over the past 5 years, FEYTX returned 8.58%/yr vs 9.25%/yr for FIQCX. With a 1.00 correlation, they move nearly in lockstep. FEYTX charges 1.25%/yr vs 0.62%/yr for FIQCX.

Performance

FEYTX vs. FIQCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) and Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX). 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 FEYTX having a 11.57% return and FIQCX slightly higher at 11.85%.

FEYTX

• 1D: -2.04%
• 1M: 0.27%
• YTD: 11.57%
• 6M: 10.86%
• 1Y: 24.92%
• 3Y*: 17.52%
• 5Y*: 8.58%
• 10Y*: 11.39%

FIQCX

• 1D: -2.04%
• 1M: 0.33%
• YTD: 11.85%
• 6M: 11.21%
• 1Y: 25.70%
• 3Y*: 18.25%
• 5Y*: 9.25%
• 10Y*: —

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

FEYTX vs. FIQCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEYTX Fidelity Advisor Asset Manager 85% Fund Class M	11.57%	20.17%	12.02%	18.34%	-19.01%	16.50%	18.66%	25.61%	-10.32%
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z	11.85%	20.94%	12.67%	19.15%	-18.53%	17.26%	19.45%	26.32%	-9.86%

Correlation

The correlation between FEYTX and FIQCX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	1.00

The correlation between FEYTX and FIQCX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

FEYTX vs. FIQCX — Risk / Return Rank

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

FEYTX

FEYTX Risk / Return Rank: 68
FEYTX Sharpe Ratio Rank: 67
FEYTX Sortino Ratio Rank: 62
FEYTX Omega Ratio Rank: 65
FEYTX Calmar Ratio Rank: 70
FEYTX Martin Ratio Rank: 76

FIQCX

FIQCX Risk / Return Rank: 72
FIQCX Sharpe Ratio Rank: 71
FIQCX Sortino Ratio Rank: 66
FIQCX Omega Ratio Rank: 69
FIQCX Calmar Ratio Rank: 73
FIQCX Martin Ratio Rank: 80

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.

FEYTX vs. FIQCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) and Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX). 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.

	FEYTX	FIQCX	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.06	-0.06
Sortino ratio: Return per unit of downside risk	2.74	2.81	-0.07
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	2.83	2.92	-0.09
Martin ratio: Return relative to average drawdown	12.22	12.64	-0.42

FEYTX vs. FIQCX - Sharpe Ratio Comparison

The current FEYTX Sharpe Ratio is 2.00, which is comparable to the FIQCX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FEYTX and FIQCX, 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

FEYTX vs. FIQCX - Drawdown Comparison

The maximum FEYTX drawdown since its inception was -53.05%, which is greater than FIQCX's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for FEYTX and FIQCX.

Drawdown Indicators

	FEYTX	FIQCX	Difference
Max Drawdown Largest peak-to-trough decline	-53.05%	-30.97%	-22.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-9.34%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-15.44%	-15.35%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-26.35%	-25.94%	-0.41%
Max Drawdown (10Y) Largest decline over 10 years	-31.01%	—	—
Current Drawdown Current decline from peak	-2.10%	-2.13%	+0.03%
Average Drawdown Average peak-to-trough decline	-7.41%	-5.45%	-1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.16%	+0.01%

Volatility

FEYTX vs. FIQCX - Volatility Comparison

Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) and Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX) have volatilities of 5.76% and 5.77%, 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

	FEYTX	FIQCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	5.77%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	11.15%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	13.26%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	14.81%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	16.72%	-1.43%

FEYTX vs. FIQCX - Expense Ratio Comparison

FEYTX has a 1.25% expense ratio, which is higher than FIQCX's 0.62% expense ratio.

Dividends

FEYTX vs. FIQCX - Dividend Comparison

FEYTX's dividend yield for the trailing twelve months is around 4.62%, less than FIQCX's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEYTX Fidelity Advisor Asset Manager 85% Fund Class M	4.62%	5.16%	2.94%	0.86%	4.56%	2.73%	1.56%	5.12%	5.08%	2.34%	0.29%	4.29%
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z	5.13%	5.74%	3.61%	1.43%	5.21%	3.30%	2.07%	5.66%	5.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEYTX and FIQCX in my portfolio?

With a correlation of 1.00, FEYTX and FIQCX 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.

Which is riskier, FEYTX or FIQCX?

FIQCX has higher volatility (5.77%) compared to FEYTX (5.76%). In terms of maximum drawdown, FEYTX dropped -53.05% vs FIQCX's -30.97%.

Which has better risk-adjusted returns?

FIQCX currently has the higher Sharpe Ratio (2.06 vs 2.00), 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.