FIKYX vs. FFANX
FIKYX (Fidelity Advisor Asset Manager 40% Fund Class Z) and FFANX (Fidelity Asset Manager 40% Fund) are both Diversified Portfolio funds from BlackRock. Over the past 5 years, FIKYX returned 5.61%/yr vs 5.36%/yr for FFANX. With a 0.99 correlation, they move nearly in lockstep. FIKYX charges 0.50%/yr vs 0.52%/yr for FFANX.
Performance
FIKYX vs. FFANX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FIKYX having a 7.46% return and FFANX slightly lower at 7.45%.
FIKYX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.46%
- 6M
- 7.33%
- 1Y
- 16.46%
- 3Y*
- 11.71%
- 5Y*
- 5.61%
- 10Y*
- —
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%
FIKYX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKYX Fidelity Advisor Asset Manager 40% Fund Class Z | 7.46% | 13.29% | 8.47% | 11.48% | -13.52% | 8.08% | 13.04% | 15.96% | -5.28% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -5.84% |
Correlation
The correlation between FIKYX and FFANX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.99 |
The correlation between FIKYX and FFANX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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
FIKYX vs. FFANX — Risk / Return Rank
FIKYX
FFANX
FIKYX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 40% Fund Class Z (FIKYX) 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.
| FIKYX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.27 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.91 | 13.95 | -0.04 |
Loading charts...
Drawdowns
FIKYX vs. FFANX - Drawdown Comparison
The maximum FIKYX drawdown since its inception was -18.49%, smaller than the maximum FFANX drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for FIKYX and FFANX.
Loading charts...
Drawdown Indicators
| FIKYX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -31.69% | +13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -5.20% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -7.36% | -7.55% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.49% | -18.52% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.52% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.13% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -3.79% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.22% | 0.00% |
Volatility
FIKYX vs. FFANX - Volatility Comparison
Fidelity Advisor Asset Manager 40% Fund Class Z (FIKYX) and Fidelity Asset Manager 40% Fund (FFANX) have volatilities of 2.98% and 2.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIKYX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.94% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 6.01% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.15% | 7.09% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 7.94% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 7.74% | +0.74% |
FIKYX vs. FFANX - Expense Ratio Comparison
FIKYX has a 0.50% expense ratio, which is lower than FFANX's 0.52% expense ratio.
Dividends
FIKYX vs. FFANX - Dividend Comparison
FIKYX's dividend yield for the trailing twelve months is around 3.69%, 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% |
FIKYX Fidelity Advisor Asset Manager 40% Fund Class Z | 3.69% | 4.00% | 3.87% | 2.54% | 5.78% | 2.39% | 2.39% | 3.71% | 3.72% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, FIKYX and FFANX 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.
FIKYX has higher volatility (2.98%) compared to FFANX (2.94%). In terms of maximum drawdown, FIKYX dropped -18.49% vs FFANX's -31.69%.
FFANX currently has the higher Sharpe Ratio (2.40 vs 2.39), 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 FIKYX 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