FFTMX vs. AYBLX

Last updated Aug 1, 2026

FFTMX (Fidelity Advisor Asset Manager 50% Fund Class M) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, FFTMX returned 7.04%/yr vs 9.99%/yr for AYBLX. Their correlation of 0.93 means they have usually moved in the same direction. FFTMX charges 1.16%/yr vs 0.65%/yr for AYBLX.

Performance

FFTMX vs. AYBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 50% Fund Class M (FFTMX) and Pioneer Balanced ESG Fund (AYBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFTMX achieves a 7.38% return, which is significantly lower than AYBLX's 12.02% return. Over the past 10 years, FFTMX has underperformed AYBLX with an annualized return of 7.04%, while AYBLX has yielded a comparatively higher 9.99% annualized return.

FFTMX

• 1D: 1.22%
• 1M: -0.73%
• 6M: 4.96%
• YTD: 7.38%
• 1Y: 15.06%
• 3Y*: 10.91%
• 5Y*: 5.16%
• 10Y*: 7.04%
• ALL TIME*: 5.69%

AYBLX

• 1D: 0.92%
• 1M: -1.73%
• 6M: 9.12%
• YTD: 12.02%
• 1Y: 26.17%
• 3Y*: 15.47%
• 5Y*: 8.78%
• 10Y*: 9.99%
• ALL TIME*: 7.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AYBLX Pioneer Balanced ESG Fund	$0.00	$0.00	$0.00
FFTMX Fidelity Advisor Asset Manager 50% Fund Class M	$0.00	$0.00	$0.00

FFTMX vs. AYBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFTMX Fidelity Advisor Asset Manager 50% Fund Class M	7.38%	14.31%	7.95%	12.50%	-15.42%	9.24%	14.11%	17.56%	-5.87%	13.10%
AYBLX Pioneer Balanced ESG Fund	12.02%	19.80%	9.64%	15.41%	-14.39%	15.48%	12.92%	22.22%	-4.43%	15.19%

Correlation

The correlation between FFTMX and AYBLX is 0.90, 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.	0.90
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.	0.93
Correlation (All Time) Calculated using the full available price history since Sep 1, 2005	0.93

The correlation between FFTMX and AYBLX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FFTMX vs. AYBLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFTMX

FFTMX Risk / Return Rank: 67
FFTMX Sharpe Ratio Rank: 65
FFTMX Sortino Ratio Rank: 64
FFTMX Omega Ratio Rank: 65
FFTMX Calmar Ratio Rank: 66
FFTMX Martin Ratio Rank: 75

AYBLX

AYBLX Risk / Return Rank: 92
AYBLX Sharpe Ratio Rank: 94
AYBLX Sortino Ratio Rank: 92
AYBLX Omega Ratio Rank: 87
AYBLX Calmar Ratio Rank: 94
AYBLX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFTMX vs. AYBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 50% Fund Class M (FFTMX) 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.

	FFTMX	AYBLX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.49	-0.86
Sortino ratio: Return per unit of downside risk	2.32	3.55	-1.22
Omega ratio: Gain probability vs. loss probability	1.30	1.44	-0.14
Calmar ratio: Return relative to maximum drawdown	2.30	3.93	-1.64
Martin ratio: Return relative to average drawdown	9.55	16.91	-7.35

FFTMX vs. AYBLX - Sharpe Ratio Comparison

The current FFTMX Sharpe Ratio is 1.63, which is lower than the AYBLX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of FFTMX and AYBLX, 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

FFTMX vs. AYBLX - Drawdown Comparison

The maximum FFTMX drawdown since its inception was -38.42%, which is greater than AYBLX's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for FFTMX and AYBLX.

Drawdown Indicators

	FFTMX	AYBLX	Difference
Max Drawdown Largest peak-to-trough decline	-38.42%	-36.28%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-6.41%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-9.40%	-13.39%	+3.99%
Max Drawdown (5Y) Largest decline over 5 years	-20.94%	-20.26%	-0.68%
Max Drawdown (10Y) Largest decline over 10 years	-21.33%	-24.24%	+2.91%
Current Drawdown Current decline from peak	-1.40%	-2.40%	+1.00%
Average Drawdown Average peak-to-trough decline	-4.62%	-3.77%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.49%	+0.01%

Volatility

FFTMX vs. AYBLX - Volatility Comparison

Fidelity Advisor Asset Manager 50% Fund Class M (FFTMX) has a higher volatility of 2.52% compared to Pioneer Balanced ESG Fund (AYBLX) at 2.35%. This indicates that FFTMX'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.

Volatility by Period

	FFTMX	AYBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	2.35%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	7.97%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	8.79%	10.14%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.46%	11.15%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.33%	11.33%	-2.00%

FFTMX vs. AYBLX - Expense Ratio Comparison

FFTMX has a 1.16% expense ratio, which is higher than AYBLX's 0.65% expense ratio.

Dividends

FFTMX vs. AYBLX - Dividend Comparison

FFTMX's dividend yield for the trailing twelve months is around 6.48%, more than AYBLX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AYBLX Pioneer Balanced ESG Fund	3.30%	3.58%	2.59%	1.76%	3.23%	8.61%	4.12%	6.03%	9.97%	9.42%	2.63%	4.14%
FFTMX Fidelity Advisor Asset Manager 50% Fund Class M	6.48%	7.09%	3.37%	1.67%	6.24%	2.41%	1.92%	3.70%	4.68%	3.50%	1.28%	5.17%

Frequently Asked Questions

Can I hold both FFTMX and AYBLX in my portfolio?

With a correlation of 0.90, FFTMX 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.

Which is riskier, FFTMX or AYBLX?

FFTMX has higher volatility (2.52%) compared to AYBLX (2.35%). In terms of maximum drawdown, FFTMX dropped -38.42% vs AYBLX's -36.28%.

Which has better risk-adjusted returns?

AYBLX currently has the higher Sharpe Ratio (2.49 vs 1.63), 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.