FFNIX vs. FFANX
FFNIX (Fidelity Advisor Asset Manager 40% Fund Class I) and FFANX (Fidelity Asset Manager 40% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, FFNIX returned 6.96%/yr vs 6.99%/yr for FFANX. With a 0.99 correlation, they move nearly in lockstep. FFNIX charges 0.57%/yr vs 0.52%/yr for FFANX.
Performance
FFNIX vs. FFANX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FFNIX having a 7.44% return and FFANX slightly higher at 7.45%. Both investments have delivered pretty close results over the past 10 years, with FFNIX having a 6.96% annualized return and FFANX not far ahead at 6.99%.
FFNIX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.44%
- 6M
- 7.29%
- 1Y
- 16.45%
- 3Y*
- 11.27%
- 5Y*
- 5.32%
- 10Y*
- 6.96%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
FFNIX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFNIX Fidelity Advisor Asset Manager 40% Fund Class I | 7.44% | 13.19% | 7.30% | 11.47% | -13.60% | 7.99% | 12.95% | 15.84% | -4.09% | 11.23% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between FFNIX and FFANX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.99 |
The correlation between FFNIX and FFANX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FFNIX vs. FFANX — Risk / Return Rank
FFNIX
FFANX
FFNIX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 40% Fund Class I (FFNIX) and Fidelity Asset Manager 40% Fund (FFANX). 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.
| FFNIX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.27 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.92 | 13.95 | -0.03 |
Loading charts...
Drawdowns
FFNIX vs. FFANX - Drawdown Comparison
The maximum FFNIX drawdown since its inception was -31.69%, roughly equal to the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for FFNIX and FFANX.
Loading charts...
Drawdown Indicators
| FFNIX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.69% | -31.69% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -5.20% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -7.63% | -7.55% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -18.52% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -18.63% | -18.52% | -0.11% |
Current DrawdownCurrent decline from peak | -0.13% | -0.13% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -3.79% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.22% | 0.00% |
Volatility
FFNIX vs. FFANX - Volatility Comparison
Fidelity Advisor Asset Manager 40% Fund Class I (FFNIX) and Fidelity Asset Manager 40% Fund (FFANX) have volatilities of 2.97% and 2.94%, 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.
Loading charts...
Volatility by Period
| FFNIX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.94% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 6.01% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.13% | 7.09% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.96% | 7.94% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 7.74% | -0.01% |
FFNIX vs. FFANX - Expense Ratio Comparison
FFNIX has a 0.57% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
FFNIX vs. FFANX - Dividend Comparison
FFNIX's dividend yield for the trailing twelve months is around 3.62%, which matches FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
FFNIX Fidelity Advisor Asset Manager 40% Fund Class I | 3.62% | 3.92% | 2.80% | 2.45% | 5.67% | 2.31% | 2.31% | 3.61% | 4.53% | 2.54% | 1.40% | 3.13% |
Frequently Asked Questions
With a correlation of 0.99, FFNIX and FFANX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FFNIX has higher volatility (2.97%) compared to FFANX (2.94%). In terms of maximum drawdown, FFNIX dropped -31.69% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 2.39), 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.
Find the right allocation for FFNIX and FFANX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer