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FEYTX vs. WFSPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEYTX vs. WFSPX

Last updated Jun 4, 2026

FEYTX (Fidelity Advisor Asset Manager 85% Fund Class M) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - FEYTX 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, FEYTX returned 11.24%/yr vs 15.54%/yr for WFSPX. With a 0.95 correlation, they move nearly in lockstep. FEYTX charges 1.25%/yr vs 0.03%/yr for WFSPX.

Performance

FEYTX vs. WFSPX - 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 iShares S&P 500 Index Fund (WFSPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FEYTX achieves a 13.90% return, which is significantly higher than WFSPX's 11.69% return. Over the past 10 years, FEYTX has underperformed WFSPX with an annualized return of 11.24%, while WFSPX has yielded a comparatively higher 15.54% annualized return.

FEYTX

1D
0.57%
1M
5.17%
YTD
13.90%
6M
15.05%
1Y
30.39%
3Y*
18.44%
5Y*
9.36%
10Y*
11.24%

WFSPX

1D
0.13%
1M
5.80%
YTD
11.69%
6M
11.72%
1Y
28.93%
3Y*
22.71%
5Y*
14.24%
10Y*
15.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEYTX vs. WFSPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEYTX
Fidelity Advisor Asset Manager 85% Fund Class M		13.90%20.17%12.02%18.34%-19.01%16.50%18.66%25.61%-9.76%20.96%
WFSPX
iShares S&P 500 Index Fund		11.69%17.83%24.94%26.25%-18.14%28.63%18.43%31.45%-4.83%21.27%

Correlation

The correlation between FEYTX 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

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2005

0.95

The correlation between FEYTX and WFSPX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Advisor Asset Manager 85% Fund Class M

iShares S&P 500 Index Fund

Often compared with FEYTX:
FEYTX vs. FAMRXFEYTX vs. AAAAXFEYTX vs. ASFYXFEYTX vs. SICIXFEYTX vs. VTCLXFEYTX vs. AVEFXFEYTX vs. VTMFX
Often compared with WFSPX:
WFSPX vs. JLGMXWFSPX vs. VOOWFSPX vs. FSPGXWFSPX vs. FXAIXWFSPX vs. BRMKXWFSPX vs. IVVWFSPX vs. APGYX

Return for Risk

FEYTX vs. WFSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEYTX
FEYTX Risk / Return Rank: 7272
Overall Rank
FEYTX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FEYTX Sortino Ratio Rank: 6868
Sortino Ratio Rank
FEYTX Omega Ratio Rank: 6969
Omega Ratio Rank
FEYTX Calmar Ratio Rank: 7272
Calmar Ratio Rank
FEYTX Martin Ratio Rank: 7878
Martin Ratio Rank
WFSPX
WFSPX Risk / Return Rank: 7373
Overall Rank
WFSPX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
WFSPX Sortino Ratio Rank: 6767
Sortino Ratio Rank
WFSPX Omega Ratio Rank: 6767
Omega Ratio Rank
WFSPX Calmar Ratio Rank: 7474
Calmar Ratio Rank
WFSPX Martin Ratio Rank: 8383
Martin Ratio Rank
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. WFSPX - 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 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.

FEYTXWFSPXDifference
Sharpe ratioReturn per unit of total volatility
2.52
2.52

+0.01

Sortino ratioReturn per unit of downside risk
3.47
3.42

+0.05

Omega ratioGain probability vs. loss probability

1.47

1.46

+0.01

Calmar ratioReturn relative to maximum drawdown

3.29

3.35

-0.06

Martin ratioReturn relative to average drawdown

14.58

15.65

-1.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEYTX vs. WFSPX - Sharpe Ratio Comparison

The current FEYTX Sharpe Ratio is 2.52, which is comparable to the WFSPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FEYTX and WFSPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FEYTXWFSPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.52

2.52

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.85

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.87

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.13

+0.35

Drawdowns

FEYTX vs. WFSPX - Drawdown Comparison

The maximum FEYTX drawdown since its inception was -53.05%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FEYTX and WFSPX.

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Drawdown Indicators

FEYTXWFSPXDifference

Max Drawdown

Largest peak-to-trough decline

-53.05%

-58.21%

+5.16%

Max Drawdown (1Y)

Largest decline over 1 year

-9.38%

-8.90%

-0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-15.44%

-18.74%

+3.30%

Max Drawdown (5Y)

Largest decline over 5 years

-26.35%

-24.51%

-1.84%

Max Drawdown (10Y)

Largest decline over 10 years

-31.01%

-33.74%

+2.73%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.43%

-12.77%

+5.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

1.90%

+0.21%

Volatility

FEYTX vs. WFSPX - Volatility Comparison

Fidelity Advisor Asset Manager 85% Fund Class M (FEYTX) has a higher volatility of 3.78% compared to iShares S&P 500 Index Fund (WFSPX) at 2.82%. This indicates that FEYTX'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

FEYTXWFSPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

2.82%

+0.96%

Volatility (6M)

Calculated over the trailing 6-month period

9.91%

8.97%

+0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

12.23%

11.85%

+0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.66%

16.88%

-2.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.27%

18.02%

-2.75%

FEYTX vs. WFSPX - Expense Ratio Comparison

FEYTX has a 1.25% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

FEYTX vs. WFSPX - Dividend Comparison

FEYTX's dividend yield for the trailing twelve months is around 4.53%, more than WFSPX's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
FEYTX
Fidelity Advisor Asset Manager 85% Fund Class M		4.53%5.16%2.94%0.86%4.56%2.73%1.56%5.12%5.08%2.34%0.29%4.29%
WFSPX
iShares S&P 500 Index Fund		1.56%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, FEYTX 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.

FEYTX has higher volatility (3.78%) compared to WFSPX (2.82%). In terms of maximum drawdown, FEYTX dropped -53.05% vs WFSPX's -58.21%.

FEYTX currently has the higher Sharpe Ratio (2.52 vs 2.52), 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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