FFANX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Asset Manager 40% Fund (FFANX) and S&P 500 Index (^GSPC).

FFANX is managed by BlackRock. It was launched on Oct 9, 2007.

Performance

FFANX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 40% Fund (FFANX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

FFANX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFANX Fidelity Asset Manager 40% Fund	-0.14%	13.16%	7.40%	11.52%	-13.62%	8.03%	13.10%	15.81%	-4.06%	11.25%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, FFANX achieves a -0.14% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, FFANX has underperformed ^GSPC with an annualized return of 6.28%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

FFANX

• 1D: 1.44%
• 1M: -3.24%
• YTD: -0.14%
• 6M: 1.77%
• 1Y: 12.13%
• 3Y*: 9.01%
• 5Y*: 4.47%
• 10Y*: 6.28%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

FFANX vs. ^GSPC — Risk / Return Rank

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

FFANX

FFANX Risk / Return Rank: 84
FFANX Sharpe Ratio Rank: 83
FFANX Sortino Ratio Rank: 84
FFANX Omega Ratio Rank: 82
FFANX Calmar Ratio Rank: 85
FFANX Martin Ratio Rank: 86

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

FFANX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 40% Fund (FFANX) and S&P 500 Index (^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.

	FFANX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.59	0.92	+0.68
Sortino ratio Return per unit of downside risk	2.26	1.41	+0.85
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.12
Calmar ratio Return relative to maximum drawdown	2.22	1.41	+0.80
Martin ratio Return relative to average drawdown	9.23	6.61	+2.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFANX vs. ^GSPC - Sharpe Ratio Comparison

The current FFANX Sharpe Ratio is 1.59, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FFANX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FFANX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.92	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.61	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.68	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.46	+0.17

Correlation

The correlation between FFANX and ^GSPC is 0.90, 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.

Drawdowns

FFANX vs. ^GSPC - Drawdown Comparison

The maximum FFANX drawdown since its inception was -31.69%, 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.

Drawdown Indicators

	FFANX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-31.69%	-56.78%	+25.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-12.14%	+6.47%
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	-25.43%	+6.91%
Max Drawdown (10Y) Largest decline over 10 years	-18.52%	-33.92%	+15.40%
Current Drawdown Current decline from peak	-3.83%	-5.78%	+1.95%
Average Drawdown Average peak-to-trough decline	-3.83%	-10.75%	+6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	2.60%	-1.24%

Volatility

FFANX vs. ^GSPC - Volatility Comparison

The current volatility for Fidelity Asset Manager 40% Fund (FFANX) is 3.47%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. 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.

Volatility by Period

	FFANX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	5.37%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	5.08%	9.55%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	18.33%	-10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.80%	16.90%	-9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.64%	18.05%	-10.41%