FIKZX vs. CSTAX

Last updated Aug 1, 2026

FIKZX (Fidelity Advisor Asset Manager 50% Fund Class Z) and CSTAX (American Funds College 2027 Fund) are both Diversified Portfolio funds. Over the past 5 years, FIKZX returned 6.19%/yr vs 2.65%/yr for CSTAX. Their correlation of 0.83 means they have usually moved in the same direction. FIKZX charges 0.55%/yr vs 0.41%/yr for CSTAX.

Performance

FIKZX vs. CSTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 50% Fund Class Z (FIKZX) and American Funds College 2027 Fund (CSTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKZX achieves a 7.15% return, which is significantly higher than CSTAX's 1.47% return.

FIKZX

• 1D: 1.22%
• 1M: -1.23%
• 6M: 4.69%
• YTD: 7.15%
• 1Y: 15.12%
• 3Y*: 12.26%
• 5Y*: 6.19%
• 10Y*: —
• ALL TIME*: 8.07%

CSTAX

• 1D: 0.08%
• 1M: -0.32%
• 6M: 0.81%
• YTD: 1.47%
• 1Y: 4.77%
• 3Y*: 6.50%
• 5Y*: 2.65%
• 10Y*: 4.77%
• ALL TIME*: 5.59%

*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)
CSTAX American Funds College 2027 Fund	$0.00	$0.00	$0.00
FIKZX Fidelity Advisor Asset Manager 50% Fund Class Z	$0.00	$0.00	$0.00

FIKZX vs. CSTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKZX Fidelity Advisor Asset Manager 50% Fund Class Z	7.15%	15.04%	11.18%	13.17%	-14.90%	9.98%	14.79%	18.32%	-6.94%
CSTAX American Funds College 2027 Fund	1.47%	9.00%	5.57%	6.57%	-9.87%	6.52%	7.66%	13.35%	-3.15%

Correlation

The correlation between FIKZX and CSTAX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.83

The correlation between FIKZX and CSTAX has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

Return for Risk

FIKZX vs. CSTAX — Risk / Return Rank

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

FIKZX

FIKZX Risk / Return Rank: 67
FIKZX Sharpe Ratio Rank: 65
FIKZX Sortino Ratio Rank: 65
FIKZX Omega Ratio Rank: 65
FIKZX Calmar Ratio Rank: 68
FIKZX Martin Ratio Rank: 75

CSTAX

CSTAX Risk / Return Rank: 64
CSTAX Sharpe Ratio Rank: 71
CSTAX Sortino Ratio Rank: 71
CSTAX Omega Ratio Rank: 72
CSTAX Calmar Ratio Rank: 53
CSTAX Martin Ratio Rank: 53

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.

FIKZX vs. CSTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 50% Fund Class Z (FIKZX) and American Funds College 2027 Fund (CSTAX). 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.

	FIKZX	CSTAX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.65	-0.02
Sortino ratio: Return per unit of downside risk	2.33	2.40	-0.07
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.33	1.89	+0.45
Martin ratio: Return relative to average drawdown	9.53	7.07	+2.47

FIKZX vs. CSTAX - Sharpe Ratio Comparison

The current FIKZX Sharpe Ratio is 1.63, which is comparable to the CSTAX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of FIKZX and CSTAX, 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

FIKZX vs. CSTAX - Drawdown Comparison

The maximum FIKZX drawdown since its inception was -21.28%, which is greater than CSTAX's maximum drawdown of -14.52%. Use the drawdown chart below to compare losses from any high point for FIKZX and CSTAX.

Drawdown Indicators

	FIKZX	CSTAX	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-14.52%	-6.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-2.72%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	-9.23%	-4.23%	-5.00%
Max Drawdown (5Y) Largest decline over 5 years	-20.48%	-14.52%	-5.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.52%	—
Current Drawdown Current decline from peak	-1.90%	-0.40%	-1.50%
Average Drawdown Average peak-to-trough decline	-4.14%	-2.32%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	0.72%	+0.79%

Volatility

FIKZX vs. CSTAX - Volatility Comparison

Fidelity Advisor Asset Manager 50% Fund Class Z (FIKZX) has a higher volatility of 2.52% compared to American Funds College 2027 Fund (CSTAX) at 0.77%. This indicates that FIKZX's price experiences larger fluctuations and is considered to be riskier than CSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKZX	CSTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	0.77%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	2.54%	+4.99%
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	3.11%	+5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.51%	5.16%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.24%	5.70%	+4.54%

FIKZX vs. CSTAX - Expense Ratio Comparison

FIKZX has a 0.55% expense ratio, which is higher than CSTAX's 0.41% expense ratio.

Dividends

FIKZX vs. CSTAX - Dividend Comparison

FIKZX's dividend yield for the trailing twelve months is around 6.53%, more than CSTAX's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSTAX American Funds College 2027 Fund	5.19%	5.26%	3.78%	3.17%	3.40%	7.52%	5.72%	4.00%	4.78%	3.90%	4.34%	4.49%
FIKZX Fidelity Advisor Asset Manager 50% Fund Class Z	6.53%	7.70%	6.33%	2.27%	6.90%	3.00%	2.48%	4.30%	4.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIKZX and CSTAX in my portfolio?

FIKZX and CSTAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKZX or CSTAX?

FIKZX has higher volatility (2.52%) compared to CSTAX (0.77%). In terms of maximum drawdown, FIKZX dropped -21.28% vs CSTAX's -14.52%.

Which has better risk-adjusted returns?

CSTAX currently has the higher Sharpe Ratio (1.65 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.