FFNAX vs. VDY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Asset Manager 40% Fund Class A (FFNAX) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).

FFNAX is managed by BlackRock. It was launched on Oct 9, 2007. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.

Performance

FFNAX vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 40% Fund Class A (FFNAX) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

FFNAX vs. VDY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFNAX Fidelity Advisor Asset Manager 40% Fund Class A	-1.56%	12.83%	7.02%	11.27%	-13.89%	7.72%	12.74%	15.56%	-4.46%	10.98%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	7.68%	35.39%	11.18%	10.87%	-6.91%	37.79%	0.60%	27.49%	-17.07%	16.26%

Different Trading Currencies

FFNAX is traded in USD, while VDY.TO is traded in CAD. To make them comparable, the VDY.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FFNAX achieves a -1.56% return, which is significantly lower than VDY.TO's 6.42% return. Over the past 10 years, FFNAX has underperformed VDY.TO with an annualized return of 5.83%, while VDY.TO has yielded a comparatively higher 12.64% annualized return.

FFNAX

• 1D: 0.00%
• 1M: -5.00%
• YTD: -1.56%
• 6M: 0.45%
• 1Y: 10.64%
• 3Y*: 8.21%
• 5Y*: 4.03%
• 10Y*: 5.83%

VDY.TO

• 1D: 0.00%
• 1M: -2.82%
• YTD: 6.42%
• 6M: 15.03%
• 1Y: 42.40%
• 3Y*: 20.39%
• 5Y*: 14.09%
• 10Y*: 12.64%

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

FFNAX vs. VDY.TO - Expense Ratio Comparison

FFNAX has a 0.83% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

FFNAX

Fidelity Advisor Asset Manager 40% Fund Class A

VDY.TO

Vanguard FTSE Canadian High Dividend Yield Index ETF

Return for Risk

FFNAX vs. VDY.TO — Risk / Return Rank

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

FFNAX

FFNAX Risk / Return Rank: 76
FFNAX Sharpe Ratio Rank: 76
FFNAX Sortino Ratio Rank: 77
FFNAX Omega Ratio Rank: 73
FFNAX Calmar Ratio Rank: 76
FFNAX Martin Ratio Rank: 78

VDY.TO

VDY.TO Risk / Return Rank: 97
VDY.TO Sharpe Ratio Rank: 98
VDY.TO Sortino Ratio Rank: 98
VDY.TO Omega Ratio Rank: 98
VDY.TO Calmar Ratio Rank: 95
VDY.TO Martin Ratio Rank: 98

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.

FFNAX vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 40% Fund Class A (FFNAX) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). 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.

	FFNAX	VDY.TO	Difference
Sharpe ratio Return per unit of total volatility	1.36	3.35	-1.98
Sortino ratio Return per unit of downside risk	1.92	4.30	-2.39
Omega ratio Gain probability vs. loss probability	1.28	1.70	-0.42
Calmar ratio Return relative to maximum drawdown	1.79	4.26	-2.47
Martin ratio Return relative to average drawdown	7.53	26.93	-19.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFNAX vs. VDY.TO - Sharpe Ratio Comparison

The current FFNAX Sharpe Ratio is 1.36, which is lower than the VDY.TO Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of FFNAX and VDY.TO, 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

	FFNAX	VDY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	3.35	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.92	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.65	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.49	+0.10

Correlation

The correlation between FFNAX and VDY.TO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FFNAX vs. VDY.TO - Dividend Comparison

FFNAX's dividend yield for the trailing twelve months is around 3.74%, more than VDY.TO's 3.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNAX Fidelity Advisor Asset Manager 40% Fund Class A	3.74%	3.69%	2.54%	2.20%	5.40%	2.06%	2.08%	3.37%	4.21%	2.32%	1.21%	2.88%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	3.51%	3.59%	4.40%	4.64%	4.42%	3.58%	4.59%	4.25%	4.43%	3.82%	3.25%	4.11%

Drawdowns

FFNAX vs. VDY.TO - Drawdown Comparison

The maximum FFNAX drawdown since its inception was -31.88%, smaller than the maximum VDY.TO drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for FFNAX and VDY.TO.

Drawdown Indicators

	FFNAX	VDY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-39.21%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-5.65%	-10.07%	+4.42%
Max Drawdown (5Y) Largest decline over 5 years	-18.77%	-16.18%	-2.59%
Max Drawdown (10Y) Largest decline over 10 years	-18.77%	-39.21%	+20.44%
Current Drawdown Current decline from peak	-5.20%	-0.55%	-4.65%
Average Drawdown Average peak-to-trough decline	-3.98%	-4.67%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.76%	-0.41%

Volatility

FFNAX vs. VDY.TO - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 40% Fund Class A (FFNAX) is 3.00%, while Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a volatility of 3.21%. This indicates that FFNAX experiences smaller price fluctuations and is considered to be less risky than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFNAX	VDY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.21%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	4.90%	7.52%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	7.85%	12.73%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.77%	15.45%	-7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.62%	19.46%	-11.84%