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 0.89, 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:
1.55
^GSPC:
2.06
FFANX:
2.19
^GSPC:
2.74
FFANX:
1.28
^GSPC:
1.38
FFANX:
1.07
^GSPC:
3.13
FFANX:
7.68
^GSPC:
12.84
FFANX:
1.26%
^GSPC:
2.07%
FFANX:
6.27%
^GSPC:
12.87%
FFANX:
-29.57%
^GSPC:
-56.78%
FFANX:
-2.18%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, FFANX achieves a 0.93% return, which is significantly lower than ^GSPC's 1.96% return. Over the past 10 years, FFANX has underperformed ^GSPC with an annualized return of 4.13%, while ^GSPC has yielded a comparatively higher 11.46% annualized return.
FFANX
0.93%
0.82%
2.87%
8.99%
3.62%
4.13%
^GSPC
1.96%
2.21%
8.93%
23.90%
12.52%
11.46%
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Risk-Adjusted Performance
FFANX vs. ^GSPC — Risk-Adjusted Performance Rank
FFANX
^GSPC
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 -29.57%, 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 2.39%, while S&P 500 (^GSPC) has a volatility of 5.07%. 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.