FIQCX vs. BWBIX

Last updated Jun 25, 2026

FIQCX (Fidelity Advisor Asset Manager 85% Fund Class Z) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, FIQCX returned 9.25%/yr vs 3.50%/yr for BWBIX. Their correlation of 0.89 suggests significant overlap in exposure. FIQCX charges 0.62%/yr vs 0.05%/yr for BWBIX.

Performance

FIQCX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX) and Baron WealthBuilder Fund (BWBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIQCX achieves a 11.85% return, which is significantly higher than BWBIX's 1.52% return.

FIQCX

• 1D: -2.04%
• 1M: 0.33%
• YTD: 11.85%
• 6M: 11.21%
• 1Y: 25.70%
• 3Y*: 18.25%
• 5Y*: 9.25%
• 10Y*: —

BWBIX

• 1D: -0.45%
• 1M: 2.80%
• YTD: 1.52%
• 6M: -0.14%
• 1Y: 10.50%
• 3Y*: 13.53%
• 5Y*: 3.50%
• 10Y*: —

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

FIQCX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z	11.85%	20.94%	12.67%	19.15%	-18.53%	17.26%	19.45%	26.32%	-9.86%
BWBIX Baron WealthBuilder Fund	1.52%	10.23%	19.62%	25.77%	-32.58%	14.76%	62.85%	36.41%	-11.01%

Correlation

The correlation between FIQCX and BWBIX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.89

The correlation between FIQCX and BWBIX shifts across timeframes, from 0.75 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIQCX vs. BWBIX — Risk / Return Rank

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

FIQCX

FIQCX Risk / Return Rank: 72
FIQCX Sharpe Ratio Rank: 71
FIQCX Sortino Ratio Rank: 66
FIQCX Omega Ratio Rank: 69
FIQCX Calmar Ratio Rank: 73
FIQCX Martin Ratio Rank: 80

BWBIX

BWBIX Risk / Return Rank: 12
BWBIX Sharpe Ratio Rank: 10
BWBIX Sortino Ratio Rank: 12
BWBIX Omega Ratio Rank: 11
BWBIX Calmar Ratio Rank: 12
BWBIX Martin Ratio Rank: 13

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.

FIQCX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX) and Baron WealthBuilder Fund (BWBIX). 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.

	FIQCX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.75	+1.31
Sortino ratio: Return per unit of downside risk	2.81	1.23	+1.59
Omega ratio: Gain probability vs. loss probability	1.38	1.15	+0.24
Calmar ratio: Return relative to maximum drawdown	2.92	1.01	+1.91
Martin ratio: Return relative to average drawdown	12.64	3.29	+9.36

FIQCX vs. BWBIX - Sharpe Ratio Comparison

The current FIQCX Sharpe Ratio is 2.06, which is higher than the BWBIX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of FIQCX and BWBIX, 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

FIQCX vs. BWBIX - Drawdown Comparison

The maximum FIQCX drawdown since its inception was -30.97%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for FIQCX and BWBIX.

Drawdown Indicators

	FIQCX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.97%	-39.14%	+8.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-11.65%	+2.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.35%	-21.59%	+6.24%
Max Drawdown (5Y) Largest decline over 5 years	-25.94%	-39.14%	+13.20%
Current Drawdown Current decline from peak	-2.13%	-5.21%	+3.08%
Average Drawdown Average peak-to-trough decline	-5.45%	-11.65%	+6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	3.57%	-1.41%

Volatility

FIQCX vs. BWBIX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX) is 5.77%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 7.22%. This indicates that FIQCX experiences smaller price fluctuations and is considered to be less risky than BWBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIQCX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	7.22%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	11.71%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	15.65%	-2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	21.26%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	23.17%	-6.45%

FIQCX vs. BWBIX - Expense Ratio Comparison

FIQCX has a 0.62% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

FIQCX vs. BWBIX - Dividend Comparison

FIQCX's dividend yield for the trailing twelve months is around 5.13%, less than BWBIX's 7.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BWBIX Baron WealthBuilder Fund	7.49%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z	5.13%	5.74%	3.61%	1.43%	5.21%	3.30%	2.07%	5.66%	5.79%

Frequently Asked Questions

Can I hold both FIQCX and BWBIX in my portfolio?

FIQCX and BWBIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIQCX or BWBIX?

BWBIX has higher volatility (7.22%) compared to FIQCX (5.77%). In terms of maximum drawdown, FIQCX dropped -30.97% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

FIQCX currently has the higher Sharpe Ratio (2.06 vs 0.75), 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.