FIKWX vs. VBAIX

Last updated Jul 11, 2026

FIKWX (Fidelity Advisor Asset Manager 30% Fund Class Z) and VBAIX (Vanguard Balanced Index Fund Institutional Shares) are both Diversified Portfolio funds. Over the past 5 years, FIKWX returned 4.19%/yr vs 7.87%/yr for VBAIX. Their correlation of 0.91 suggests significant overlap in exposure. FIKWX charges 0.50%/yr vs 0.04%/yr for VBAIX.

Performance

FIKWX vs. VBAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKWX achieves a 5.79% return, which is significantly lower than VBAIX's 7.02% return.

FIKWX

• 1D: 0.30%
• 1M: 0.37%
• 6M: 4.56%
• YTD: 5.79%
• 1Y: 12.05%
• 3Y*: 9.62%
• 5Y*: 4.19%
• 10Y*: —

VBAIX

• 1D: 0.59%
• 1M: 0.95%
• 6M: 5.55%
• YTD: 7.02%
• 1Y: 15.00%
• 3Y*: 15.52%
• 5Y*: 7.87%
• 10Y*: 9.90%

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

FIKWX vs. VBAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	5.79%	11.32%	6.32%	9.85%	-12.27%	6.13%	11.12%	13.47%	-4.14%
VBAIX Vanguard Balanced Index Fund Institutional Shares	7.02%	13.60%	17.78%	17.55%	-16.87%	14.20%	16.40%	21.79%	-8.07%

Correlation

The correlation between FIKWX and VBAIX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018	0.91

The correlation between FIKWX and VBAIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FIKWX vs. VBAIX — Risk / Return Rank

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

FIKWX

FIKWX Risk / Return Rank: 77
FIKWX Sharpe Ratio Rank: 77
FIKWX Sortino Ratio Rank: 76
FIKWX Omega Ratio Rank: 78
FIKWX Calmar Ratio Rank: 75
FIKWX Martin Ratio Rank: 81

VBAIX

VBAIX Risk / Return Rank: 68
VBAIX Sharpe Ratio Rank: 64
VBAIX Sortino Ratio Rank: 64
VBAIX Omega Ratio Rank: 63
VBAIX Calmar Ratio Rank: 68
VBAIX Martin Ratio Rank: 79

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.

FIKWX vs. VBAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). 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.

	FIKWX	VBAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.77	+0.22
Sortino ratio: Return per unit of downside risk	2.83	2.52	+0.32
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	2.71	2.53	+0.17
Martin ratio: Return relative to average drawdown	11.45	11.10	+0.35

FIKWX vs. VBAIX - Sharpe Ratio Comparison

The current FIKWX Sharpe Ratio is 1.99, which is comparable to the VBAIX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FIKWX and VBAIX, 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

FIKWX vs. VBAIX - Drawdown Comparison

The maximum FIKWX drawdown since its inception was -16.51%, smaller than the maximum VBAIX drawdown of -35.82%. Use the drawdown chart below to compare losses from any high point for FIKWX and VBAIX.

Drawdown Indicators

	FIKWX	VBAIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.51%	-35.82%	+19.31%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-5.84%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-6.00%	-11.57%	+5.57%
Max Drawdown (5Y) Largest decline over 5 years	-16.51%	-21.52%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.77%	—
Current Drawdown Current decline from peak	-0.37%	-0.36%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.36%	-4.41%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	1.33%	-0.31%

Volatility

FIKWX vs. VBAIX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) is 2.17%, while Vanguard Balanced Index Fund Institutional Shares (VBAIX) has a volatility of 2.83%. This indicates that FIKWX experiences smaller price fluctuations and is considered to be less risky than VBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKWX	VBAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	2.83%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	5.02%	6.75%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	5.87%	8.37%	-2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	11.18%	-4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.84%	11.24%	-4.40%

FIKWX vs. VBAIX - Expense Ratio Comparison

FIKWX has a 0.50% expense ratio, which is higher than VBAIX's 0.04% expense ratio.

Dividends

FIKWX vs. VBAIX - Dividend Comparison

FIKWX's dividend yield for the trailing twelve months is around 2.80%, less than VBAIX's 5.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	2.46%	2.84%	3.12%	2.82%	4.95%	1.90%	2.28%	3.31%	2.70%	0.00%	0.00%	0.00%
VBAIX Vanguard Balanced Index Fund Institutional Shares	5.33%	6.01%	8.01%	4.36%	2.84%	3.20%	2.65%	2.29%	2.33%	1.96%	2.10%	2.10%

Frequently Asked Questions

Can I hold both FIKWX and VBAIX in my portfolio?

With a correlation of 0.93, FIKWX and VBAIX 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, FIKWX or VBAIX?

VBAIX has higher volatility (2.83%) compared to FIKWX (2.17%). In terms of maximum drawdown, FIKWX dropped -16.51% vs VBAIX's -35.82%.

Which has better risk-adjusted returns?

FIKWX currently has the higher Sharpe Ratio (1.99 vs 1.77), 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.