FFNOX vs. AYBLX
FFNOX (Fidelity Multi-Asset Index Fund) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, FFNOX returned 10.91%/yr vs 10.21%/yr for AYBLX. Their correlation of 0.92 means they have usually moved in the same direction. FFNOX charges 0.11%/yr vs 0.65%/yr for AYBLX.
Performance
FFNOX vs. AYBLX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FFNOX achieves a 11.18% return, which is significantly lower than AYBLX's 14.46% return. Over the past 10 years, FFNOX has outperformed AYBLX with an annualized return of 10.91%, while AYBLX has yielded a comparatively lower 10.21% annualized return.
FFNOX
- 1D
- 1.04%
- 1M
- 0.63%
- 6M
- 7.93%
- YTD
- 11.18%
- 1Y
- 20.54%
- 3Y*
- 16.95%
- 5Y*
- 8.89%
- 10Y*
- 10.91%
- ALL TIME*
- 6.87%
AYBLX
- 1D
- 1.18%
- 1M
- 0.41%
- 6M
- 10.82%
- YTD
- 14.46%
- 1Y
- 27.50%
- 3Y*
- 16.85%
- 5Y*
- 9.27%
- 10Y*
- 10.21%
- ALL TIME*
- 7.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FFNOX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 11.18% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
AYBLX Pioneer Balanced ESG Fund | 14.46% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between FFNOX and AYBLX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 1999 | 0.92 |
The correlation between FFNOX and AYBLX has been stable across timeframes, ranging from 0.91 to 0.94 - 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
FFNOX vs. AYBLX — Risk / Return Rank
FFNOX
AYBLX
FFNOX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and Pioneer Balanced ESG Fund (AYBLX). 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.
| FFNOX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.53 | -1.96 |
| Martin ratioReturn relative to average drawdown | 10.69 | 19.45 | -8.76 |
Loading charts...
Drawdowns
FFNOX vs. AYBLX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.84%, which is greater than AYBLX's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for FFNOX and AYBLX.
Loading charts...
Drawdown Indicators
| FFNOX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -36.28% | -13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.60% | -6.41% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -14.10% | -13.39% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -20.26% | -5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -29.93% | -24.24% | -5.69% |
Current DrawdownCurrent decline from peak | -0.35% | -0.27% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -3.77% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.49% | +0.57% |
Volatility
FFNOX vs. AYBLX - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 3.66% compared to Pioneer Balanced ESG Fund (AYBLX) at 2.82%. This indicates that FFNOX's price experiences larger fluctuations and is considered to be riskier than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FFNOX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 2.82% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 8.08% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 10.22% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 11.16% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 11.34% | +3.23% |
FFNOX vs. AYBLX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than AYBLX's 0.65% expense ratio.
Dividends
FFNOX vs. AYBLX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 2.31%, less than AYBLX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.23% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
FFNOX Fidelity Multi-Asset Index Fund | 2.31% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
Frequently Asked Questions
With a correlation of 0.91, FFNOX and AYBLX 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.
FFNOX has higher volatility (3.66%) compared to AYBLX (2.82%). In terms of maximum drawdown, FFNOX dropped -49.84% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (2.85 vs 1.80), 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 FFNOX and AYBLX
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