FIDAX vs. FFANX
FIDAX (John Hancock Financial Industries Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - FIDAX is a Financials Equities fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, FIDAX returned 11.20%/yr vs 6.99%/yr for FFANX. A 0.73 correlation means they provide meaningful diversification when combined. FIDAX charges 1.24%/yr vs 0.52%/yr for FFANX.
Performance
FIDAX vs. FFANX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIDAX achieves a 2.64% return, which is significantly lower than FFANX's 7.45% return. Over the past 10 years, FIDAX has outperformed FFANX with an annualized return of 11.20%, while FFANX has yielded a comparatively lower 6.99% annualized return.
FIDAX
- 1D
- 0.87%
- 1M
- 3.40%
- YTD
- 2.64%
- 6M
- 0.94%
- 1Y
- 11.73%
- 3Y*
- 20.57%
- 5Y*
- 8.02%
- 10Y*
- 11.20%
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%
FIDAX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIDAX John Hancock Financial Industries Fund | 2.64% | 12.05% | 30.09% | 5.01% | -14.17% | 28.80% | 1.58% | 31.21% | -15.30% | 11.00% |
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 FIDAX and FFANX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.73 |
The correlation between FIDAX and FFANX shifts across timeframes, from 0.57 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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
FIDAX vs. FFANX — Risk / Return Rank
FIDAX
FFANX
FIDAX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Industries Fund (FIDAX) 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.
| FIDAX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.47 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.27 | -2.31 |
| Martin ratioReturn relative to average drawdown | 2.68 | 13.95 | -11.27 |
Loading charts...
Drawdowns
FIDAX vs. FFANX - Drawdown Comparison
The maximum FIDAX drawdown since its inception was -70.42%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for FIDAX and FFANX.
Loading charts...
Drawdown Indicators
| FIDAX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.42% | -31.69% | -38.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -5.20% | -8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -7.55% | -11.80% |
Max Drawdown (5Y)Largest decline over 5 years | -30.89% | -18.52% | -12.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -18.52% | -23.57% |
Current DrawdownCurrent decline from peak | -0.85% | -0.13% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -3.79% | -10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 1.22% | +3.73% |
Volatility
FIDAX vs. FFANX - Volatility Comparison
John Hancock Financial Industries Fund (FIDAX) has a higher volatility of 4.34% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that FIDAX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIDAX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.94% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 6.01% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 7.09% | +9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 7.94% | +12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 7.74% | +14.24% |
FIDAX vs. FFANX - Expense Ratio Comparison
FIDAX has a 1.24% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
FIDAX vs. FFANX - Dividend Comparison
FIDAX's dividend yield for the trailing twelve months is around 46.95%, more than 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% |
FIDAX John Hancock Financial Industries Fund | 46.95% | 48.19% | 10.24% | 1.91% | 11.22% | 23.08% | 5.41% | 7.56% | 7.72% | 6.10% | 6.01% | 0.93% |
Frequently Asked Questions
FIDAX and FFANX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDAX has higher volatility (4.34%) compared to FFANX (2.94%). In terms of maximum drawdown, FIDAX dropped -70.42% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 0.83), 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 FIDAX 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