FIKVX vs. FASGX

Last updated Jun 6, 2026

FIKVX (Fidelity Advisor Asset Manager 20% Fund Class Z) and FASGX (Fidelity Asset Manager 70% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 5 years, FIKVX returned 3.59%/yr vs 8.22%/yr for FASGX. Their correlation of 0.85 suggests significant overlap in exposure. FIKVX charges 0.48%/yr vs 0.67%/yr for FASGX.

Performance

FIKVX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKVX achieves a 4.38% return, which is significantly lower than FASGX's 11.53% return.

FIKVX

• 1D: 0.13%
• 1M: 0.47%
• YTD: 4.38%
• 6M: 4.77%
• 1Y: 11.16%
• 3Y*: 7.94%
• 5Y*: 3.59%
• 10Y*: —

FASGX

• 1D: 0.24%
• 1M: 1.60%
• YTD: 11.53%
• 6M: 12.33%
• 1Y: 25.65%
• 3Y*: 16.41%
• 5Y*: 8.22%
• 10Y*: 9.93%

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

FIKVX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKVX Fidelity Advisor Asset Manager 20% Fund Class Z	4.38%	9.45%	5.38%	7.95%	-10.17%	4.14%	8.58%	10.76%	-2.40%
FASGX Fidelity Asset Manager 70% Fund	11.53%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-11.06%

Correlation

The correlation between FIKVX and FASGX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.85

The correlation between FIKVX and FASGX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

FIKVX vs. FASGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIKVX

FIKVX Risk / Return Rank: 82
FIKVX Sharpe Ratio Rank: 84
FIKVX Sortino Ratio Rank: 85
FIKVX Omega Ratio Rank: 83
FIKVX Calmar Ratio Rank: 77
FIKVX Martin Ratio Rank: 82

FASGX

FASGX Risk / Return Rank: 75
FASGX Sharpe Ratio Rank: 77
FASGX Sortino Ratio Rank: 73
FASGX Omega Ratio Rank: 72
FASGX Calmar Ratio Rank: 74
FASGX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIKVX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) and Fidelity Asset Manager 70% Fund (FASGX). 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.

	FIKVX	FASGX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.48	+0.20
Sortino ratio: Return per unit of downside risk	3.97	3.48	+0.50
Omega ratio: Gain probability vs. loss probability	1.55	1.46	+0.08
Calmar ratio: Return relative to maximum drawdown	3.39	3.23	+0.16
Martin ratio: Return relative to average drawdown	14.87	14.28	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKVX vs. FASGX - Sharpe Ratio Comparison

The current FIKVX Sharpe Ratio is 2.68, which is comparable to the FASGX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of FIKVX and FASGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIKVX	FASGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.48	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.67	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.63	+0.30

Drawdowns

FIKVX vs. FASGX - Drawdown Comparison

The maximum FIKVX drawdown since its inception was -13.90%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for FIKVX and FASGX.

Drawdown Indicators

	FIKVX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-13.90%	-47.35%	+33.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.28%	-7.95%	+4.67%
Max Drawdown (3Y) Largest decline over 3 years	-4.82%	-12.80%	+7.98%
Max Drawdown (5Y) Largest decline over 5 years	-13.90%	-23.54%	+9.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.20%	—
Current Drawdown Current decline from peak	-0.13%	-0.36%	+0.23%
Average Drawdown Average peak-to-trough decline	-2.79%	-6.71%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	1.80%	-1.05%

Volatility

FIKVX vs. FASGX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) is 1.55%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.31%. This indicates that FIKVX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKVX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	3.31%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	3.43%	8.40%	-4.97%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	10.35%	-6.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	12.26%	-7.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.13%	12.65%	-7.52%

FIKVX vs. FASGX - Expense Ratio Comparison

FIKVX has a 0.48% expense ratio, which is lower than FASGX's 0.67% expense ratio.

Dividends

FIKVX vs. FASGX - Dividend Comparison

FIKVX's dividend yield for the trailing twelve months is around 3.06%, less than FASGX's 6.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.58%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
FIKVX Fidelity Advisor Asset Manager 20% Fund Class Z	3.06%	3.09%	3.38%	3.20%	4.59%	1.66%	2.19%	3.05%	2.90%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIKVX and FASGX in my portfolio?

With a correlation of 0.91, FIKVX and FASGX 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, FIKVX or FASGX?

FASGX has higher volatility (3.31%) compared to FIKVX (1.55%). In terms of maximum drawdown, FIKVX dropped -13.90% vs FASGX's -47.35%.

Which has better risk-adjusted returns?

FIKVX currently has the higher Sharpe Ratio (2.68 vs 2.48), 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.