FFCMX vs. BDMIX

Last updated Aug 1, 2026

FFCMX (Fidelity Advisor Asset Manager 50% Fund Class C) and BDMIX (BlackRock Global Equity Market Neutral Fund Class I) are both mutual funds - FFCMX is a Diversified Portfolio fund managed by BlackRock, while BDMIX is a Equity Market Neutral fund managed by BlackRock. Over the past 10 years, FFCMX returned 6.50%/yr vs 8.48%/yr for BDMIX. Their 0.11 correlation means their historical movements had little consistent relationship. FFCMX charges 1.68%/yr vs 1.34%/yr for BDMIX.

Performance

FFCMX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 50% Fund Class C (FFCMX) and BlackRock Global Equity Market Neutral Fund Class I (BDMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFCMX achieves a 6.75% return, which is significantly lower than BDMIX's 12.04% return. Over the past 10 years, FFCMX has underperformed BDMIX with an annualized return of 6.50%, while BDMIX has yielded a comparatively higher 8.48% annualized return.

FFCMX

• 1D: 1.24%
• 1M: -1.04%
• 6M: 4.42%
• YTD: 6.75%
• 1Y: 14.17%
• 3Y*: 10.27%
• 5Y*: 4.58%
• 10Y*: 6.50%
• ALL TIME*: 5.13%

BDMIX

• 1D: 1.13%
• 1M: 1.65%
• 6M: 10.90%
• YTD: 12.04%
• 1Y: 23.58%
• 3Y*: 20.48%
• 5Y*: 13.14%
• 10Y*: 8.48%
• ALL TIME*: 6.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDMIX BlackRock Global Equity Market Neutral Fund Class I	$0.00	$0.00	$0.00
FFCMX Fidelity Advisor Asset Manager 50% Fund Class C	$0.00	$0.00	$0.00

FFCMX vs. BDMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFCMX Fidelity Advisor Asset Manager 50% Fund Class C	6.75%	13.76%	7.41%	11.86%	-15.81%	8.73%	13.45%	17.01%	-6.37%	12.67%
BDMIX BlackRock Global Equity Market Neutral Fund Class I	12.04%	18.30%	21.39%	14.55%	1.80%	3.34%	0.29%	-0.85%	2.20%	12.85%

Correlation

The correlation between FFCMX and BDMIX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.12
Correlation (10Y) Provides a long-term view across more market conditions.	0.07
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.11

Over the past year, FFCMX and BDMIX have become more correlated (0.38) than their long-term average of 0.11, meaning their price movements have been converging.

Return for Risk

FFCMX vs. BDMIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFCMX

FFCMX Risk / Return Rank: 60
FFCMX Sharpe Ratio Rank: 57
FFCMX Sortino Ratio Rank: 57
FFCMX Omega Ratio Rank: 58
FFCMX Calmar Ratio Rank: 59
FFCMX Martin Ratio Rank: 67

BDMIX

BDMIX Risk / Return Rank: 97
BDMIX Sharpe Ratio Rank: 98
BDMIX Sortino Ratio Rank: 97
BDMIX Omega Ratio Rank: 95
BDMIX Calmar Ratio Rank: 98
BDMIX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFCMX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 50% Fund Class C (FFCMX) and BlackRock Global Equity Market Neutral Fund Class I (BDMIX). 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.

	FFCMX	BDMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	3.24	-1.72
Sortino ratio: Return per unit of downside risk	2.18	4.68	-2.50
Omega ratio: Gain probability vs. loss probability	1.28	1.61	-0.33
Calmar ratio: Return relative to maximum drawdown	2.15	7.38	-5.24
Martin ratio: Return relative to average drawdown	8.79	19.61	-10.82

FFCMX vs. BDMIX - Sharpe Ratio Comparison

The current FFCMX Sharpe Ratio is 1.53, which is lower than the BDMIX Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of FFCMX and BDMIX, 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

FFCMX vs. BDMIX - Drawdown Comparison

The maximum FFCMX drawdown since its inception was -38.54%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for FFCMX and BDMIX.

Drawdown Indicators

	FFCMX	BDMIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.54%	-11.89%	-26.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.25%	-3.24%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	-9.56%	-4.07%	-5.49%
Max Drawdown (5Y) Largest decline over 5 years	-21.34%	-5.23%	-16.11%
Max Drawdown (10Y) Largest decline over 10 years	-21.34%	-9.44%	-11.90%
Current Drawdown Current decline from peak	-1.72%	-1.06%	-0.66%
Average Drawdown Average peak-to-trough decline	-4.82%	-2.67%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.22%	+0.31%

Volatility

FFCMX vs. BDMIX - Volatility Comparison

Fidelity Advisor Asset Manager 50% Fund Class C (FFCMX) and BlackRock Global Equity Market Neutral Fund Class I (BDMIX) have volatilities of 2.53% and 2.53%, 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

	FFCMX	BDMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.53%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	5.37%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	8.81%	7.39%	+1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.46%	6.68%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.33%	5.90%	+3.43%

FFCMX vs. BDMIX - Expense Ratio Comparison

FFCMX has a 1.68% expense ratio, which is higher than BDMIX's 1.34% expense ratio.

Dividends

FFCMX vs. BDMIX - Dividend Comparison

FFCMX's dividend yield for the trailing twelve months is around 5.78%, less than BDMIX's 11.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDMIX BlackRock Global Equity Market Neutral Fund Class I	11.55%	8.94%	13.26%	7.42%	0.00%	1.23%	0.30%	6.78%	0.94%	0.00%	0.00%	1.86%
FFCMX Fidelity Advisor Asset Manager 50% Fund Class C	5.78%	6.64%	2.88%	1.20%	5.83%	1.99%	1.47%	3.21%	4.23%	3.19%	0.92%	4.69%

Frequently Asked Questions

Can I hold both FFCMX and BDMIX in my portfolio?

FFCMX and BDMIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFCMX or BDMIX?

BDMIX has higher volatility (2.53%) compared to FFCMX (2.53%). In terms of maximum drawdown, FFCMX dropped -38.54% vs BDMIX's -11.89%.

Which has better risk-adjusted returns?

BDMIX currently has the higher Sharpe Ratio (3.24 vs 1.52), 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.