FFANX vs. ^GSPC
Compare and contrast key facts about Fidelity Asset Manager 40% Fund (FFANX) and S&P 500 (^GSPC).
FFANX is managed by Blackrock. It was launched on Oct 9, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFANX or ^GSPC.
Correlation
The correlation between FFANX and ^GSPC is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFANX vs. ^GSPC - Performance Comparison
Key characteristics
FFANX:
1.43
^GSPC:
2.10
FFANX:
2.03
^GSPC:
2.80
FFANX:
1.26
^GSPC:
1.39
FFANX:
0.96
^GSPC:
3.09
FFANX:
8.44
^GSPC:
13.49
FFANX:
1.05%
^GSPC:
1.94%
FFANX:
6.21%
^GSPC:
12.52%
FFANX:
-31.68%
^GSPC:
-56.78%
FFANX:
-2.60%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, FFANX achieves a 7.82% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, FFANX has underperformed ^GSPC with an annualized return of 3.96%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
FFANX
7.82%
-0.30%
3.33%
8.37%
3.53%
3.96%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
FFANX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 40% Fund (FFANX) and S&P 500 (^GSPC). 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.
Drawdowns
FFANX vs. ^GSPC - Drawdown Comparison
The maximum FFANX drawdown since its inception was -31.68%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FFANX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FFANX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Asset Manager 40% Fund (FFANX) is 2.04%, while S&P 500 (^GSPC) has a volatility of 3.79%. This indicates that FFANX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.