FFIMX vs. BDJ

Last updated Jun 24, 2026

FFIMX (Fidelity Advisor Asset Manager 50% Fund Class I) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - FFIMX is a Diversified Portfolio fund managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, FFIMX returned 8.12%/yr vs 10.51%/yr for BDJ. A 0.65 correlation means they provide meaningful diversification when combined. FFIMX charges 0.65%/yr vs 0.86%/yr for BDJ.

Performance

FFIMX vs. BDJ - Performance Comparison

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

Returns By Period

In the year-to-date period, FFIMX achieves a 8.95% return, which is significantly higher than BDJ's 1.80% return. Over the past 10 years, FFIMX has underperformed BDJ with an annualized return of 8.12%, while BDJ has yielded a comparatively higher 10.51% annualized return.

FFIMX

• 1D: -0.13%
• 1M: 1.63%
• YTD: 8.95%
• 6M: 8.74%
• 1Y: 19.36%
• 3Y*: 12.97%
• 5Y*: 6.24%
• 10Y*: 8.12%

BDJ

• 1D: -0.43%
• 1M: 1.65%
• YTD: 1.80%
• 6M: 3.32%
• 1Y: 18.77%
• 3Y*: 14.29%
• 5Y*: 7.74%
• 10Y*: 10.51%

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

FFIMX vs. BDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFIMX Fidelity Advisor Asset Manager 50% Fund Class I	8.95%	14.94%	8.40%	13.09%	-14.98%	9.85%	14.65%	18.24%	-5.41%	13.57%
BDJ BlackRock Enhanced Equity Dividend Fund	1.80%	26.12%	16.87%	-6.67%	0.83%	26.56%	-7.58%	37.43%	-10.42%	20.78%

Correlation

The correlation between FFIMX and BDJ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 1, 2005	0.65

The correlation between FFIMX and BDJ has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

Return for Risk

FFIMX vs. BDJ — Risk / Return Rank

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

FFIMX

FFIMX Risk / Return Rank: 77
FFIMX Sharpe Ratio Rank: 77
FFIMX Sortino Ratio Rank: 76
FFIMX Omega Ratio Rank: 78
FFIMX Calmar Ratio Rank: 76
FFIMX Martin Ratio Rank: 80

BDJ

BDJ Risk / Return Rank: 28
BDJ Sharpe Ratio Rank: 33
BDJ Sortino Ratio Rank: 32
BDJ Omega Ratio Rank: 30
BDJ Calmar Ratio Rank: 20
BDJ Martin Ratio Rank: 25

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.

FFIMX vs. BDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 50% Fund Class I (FFIMX) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.

	FFIMX	BDJ	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.55	+0.83
Sortino ratio: Return per unit of downside risk	3.34	2.19	+1.15
Omega ratio: Gain probability vs. loss probability	1.46	1.27	+0.19
Calmar ratio: Return relative to maximum drawdown	3.26	1.54	+1.72
Martin ratio: Return relative to average drawdown	13.89	5.59	+8.30

FFIMX vs. BDJ - Sharpe Ratio Comparison

The current FFIMX Sharpe Ratio is 2.37, which is higher than the BDJ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FFIMX and BDJ, 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

FFIMX vs. BDJ - Drawdown Comparison

The maximum FFIMX drawdown since its inception was -37.77%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for FFIMX and BDJ.

Drawdown Indicators

	FFIMX	BDJ	Difference
Max Drawdown Largest peak-to-trough decline	-37.77%	-59.46%	+21.69%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-12.28%	+6.12%
Max Drawdown (3Y) Largest decline over 3 years	-9.30%	-15.70%	+6.40%
Max Drawdown (5Y) Largest decline over 5 years	-20.60%	-21.39%	+0.79%
Max Drawdown (10Y) Largest decline over 10 years	-21.26%	-48.14%	+26.88%
Current Drawdown Current decline from peak	-0.13%	-1.80%	+1.67%
Average Drawdown Average peak-to-trough decline	-4.34%	-8.94%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	3.37%	-1.93%

Volatility

FFIMX vs. BDJ - Volatility Comparison

Fidelity Advisor Asset Manager 50% Fund Class I (FFIMX) and BlackRock Enhanced Equity Dividend Fund (BDJ) have volatilities of 3.52% and 3.45%, 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

	FFIMX	BDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.45%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	7.14%	9.49%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	8.47%	12.18%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.41%	16.11%	-6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.34%	18.41%	-9.07%

FFIMX vs. BDJ - Expense Ratio Comparison

FFIMX has a 0.65% expense ratio, which is lower than BDJ's 0.86% expense ratio.

Dividends

FFIMX vs. BDJ - Dividend Comparison

FFIMX's dividend yield for the trailing twelve months is around 6.90%, less than BDJ's 9.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDJ BlackRock Enhanced Equity Dividend Fund	9.23%	9.03%	8.21%	9.49%	12.18%	5.95%	7.08%	6.66%	7.21%	6.07%	6.88%	7.36%
FFIMX Fidelity Advisor Asset Manager 50% Fund Class I	6.90%	7.56%	3.86%	2.16%	6.76%	2.89%	2.38%	4.18%	5.25%	3.87%	1.66%	5.73%

Frequently Asked Questions

Can I hold both FFIMX and BDJ in my portfolio?

FFIMX and BDJ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFIMX or BDJ?

FFIMX has higher volatility (3.52%) compared to BDJ (3.45%). In terms of maximum drawdown, FFIMX dropped -37.77% vs BDJ's -59.46%.

Which has better risk-adjusted returns?

FFIMX currently has the higher Sharpe Ratio (2.37 vs 1.55), 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.