FFNOX vs. RLIIX
Compare and contrast key facts about Fidelity Multi-Asset Index Fund (FFNOX) and RiverFront Asset Allocation Growth & Income (RLIIX).
FFNOX is managed by Fidelity. It was launched on Jun 29, 1999. RLIIX is managed by ALPS. It was launched on Aug 1, 2010.
Performance
FFNOX vs. RLIIX - Performance Comparison
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FFNOX vs. RLIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | -3.78% | 20.18% | 13.05% | 19.29% | -18.02% | 17.05% | 16.30% | 25.09% | -6.58% | 17.09% |
RLIIX RiverFront Asset Allocation Growth & Income | -1.75% | 13.74% | 8.77% | 13.37% | -14.99% | 13.57% | 7.10% | 18.51% | -11.07% | 15.00% |
Returns By Period
In the year-to-date period, FFNOX achieves a -3.78% return, which is significantly lower than RLIIX's -1.75% return. Over the past 10 years, FFNOX has outperformed RLIIX with an annualized return of 9.90%, while RLIIX has yielded a comparatively lower 6.40% annualized return.
FFNOX
- 1D
- -0.16%
- 1M
- -8.18%
- YTD
- -3.78%
- 6M
- -1.17%
- 1Y
- 15.66%
- 3Y*
- 13.45%
- 5Y*
- 7.51%
- 10Y*
- 9.90%
RLIIX
- 1D
- -0.21%
- 1M
- -5.88%
- YTD
- -1.75%
- 6M
- 0.78%
- 1Y
- 13.55%
- 3Y*
- 10.00%
- 5Y*
- 5.27%
- 10Y*
- 6.40%
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FFNOX vs. RLIIX - Expense Ratio Comparison
FFNOX has a 0.11% expense ratio, which is lower than RLIIX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FFNOX vs. RLIIX — Risk / Return Rank
FFNOX
RLIIX
FFNOX vs. RLIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and RiverFront Asset Allocation Growth & Income (RLIIX). 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.
| FFNOX | RLIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.24 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.78 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.65 | -0.29 |
Martin ratioReturn relative to average drawdown | 6.23 | 7.36 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFNOX | RLIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.24 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.49 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.53 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Correlation
The correlation between FFNOX and RLIIX is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FFNOX vs. RLIIX - Dividend Comparison
FFNOX's dividend yield for the trailing twelve months is around 3.82%, less than RLIIX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | 3.82% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
RLIIX RiverFront Asset Allocation Growth & Income | 6.34% | 6.23% | 1.29% | 2.29% | 6.66% | 1.40% | 1.42% | 2.07% | 18.88% | 1.37% | 1.66% | 3.72% |
Drawdowns
FFNOX vs. RLIIX - Drawdown Comparison
The maximum FFNOX drawdown since its inception was -49.84%, which is greater than RLIIX's maximum drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for FFNOX and RLIIX.
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Drawdown Indicators
| FFNOX | RLIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.84% | -27.35% | -22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -7.88% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -21.19% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -29.93% | -27.35% | -2.58% |
Current DrawdownCurrent decline from peak | -8.60% | -6.43% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -4.64% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.76% | +0.50% |
Volatility
FFNOX vs. RLIIX - Volatility Comparison
Fidelity Multi-Asset Index Fund (FFNOX) has a higher volatility of 4.81% compared to RiverFront Asset Allocation Growth & Income (RLIIX) at 3.55%. This indicates that FFNOX's price experiences larger fluctuations and is considered to be riskier than RLIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFNOX | RLIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 3.55% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 6.53% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 11.23% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 10.76% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 12.04% | +2.46% |