FIQCX vs. VLAAX
FIQCX (Fidelity Advisor Asset Manager 85% Fund Class Z) and VLAAX (Value Line Asset Allocation Fund) are both Diversified Portfolio funds. Over the past 5 years, FIQCX returned 9.10%/yr vs 1.77%/yr for VLAAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FIQCX charges 0.62%/yr vs 1.04%/yr for VLAAX.
Performance
FIQCX vs. VLAAX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQCX achieves a 12.29% return, which is significantly higher than VLAAX's -3.92% return.
FIQCX
- 1D
- 2.06%
- 1M
- -0.74%
- 6M
- 8.42%
- YTD
- 12.29%
- 1Y
- 24.46%
- 3Y*
- 16.52%
- 5Y*
- 9.10%
- 10Y*
- —
- ALL TIME*
- 11.72%
VLAAX
- 1D
- -1.00%
- 1M
- -0.65%
- 6M
- -2.34%
- YTD
- -3.92%
- 1Y
- -9.23%
- 3Y*
- 3.51%
- 5Y*
- 1.77%
- 10Y*
- 7.04%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FIQCX vs. VLAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z | 12.29% | 20.94% | 12.67% | 19.15% | -18.53% | 17.26% | 19.45% | 26.32% | -9.86% |
VLAAX Value Line Asset Allocation Fund | -3.92% | -2.61% | 9.36% | 21.52% | -15.70% | 11.77% | 15.24% | 25.40% | -4.71% |
Correlation
The correlation between FIQCX and VLAAX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.78 |
Over the past year, the correlation between FIQCX and VLAAX has dropped to 0.33 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
FIQCX vs. VLAAX — Risk / Return Rank
FIQCX
VLAAX
FIQCX vs. VLAAX - 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 Value Line Asset Allocation Fund (VLAAX). 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 | VLAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.84 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.72 | +3.14 |
| Martin ratioReturn relative to average drawdown | 10.22 | -1.16 | +11.39 |
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Drawdowns
FIQCX vs. VLAAX - Drawdown Comparison
The maximum FIQCX drawdown since its inception was -30.97%, smaller than the maximum VLAAX drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for FIQCX and VLAAX.
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Drawdown Indicators
| FIQCX | VLAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.97% | -43.95% | +12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.34% | -13.99% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -20.28% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.94% | -22.26% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.89% | — |
Current DrawdownCurrent decline from peak | -1.78% | -17.01% | +15.23% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -6.94% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 8.65% | -6.44% |
Volatility
FIQCX vs. VLAAX - Volatility Comparison
Fidelity Advisor Asset Manager 85% Fund Class Z (FIQCX) has a higher volatility of 3.93% compared to Value Line Asset Allocation Fund (VLAAX) at 3.41%. This indicates that FIQCX's price experiences larger fluctuations and is considered to be riskier than VLAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQCX | VLAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.41% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 7.27% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 9.42% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 13.71% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 12.93% | +3.74% |
FIQCX vs. VLAAX - Expense Ratio Comparison
FIQCX has a 0.62% expense ratio, which is lower than VLAAX's 1.04% expense ratio.
Dividends
FIQCX vs. VLAAX - Dividend Comparison
FIQCX's dividend yield for the trailing twelve months is around 5.11%, less than VLAAX's 12.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQCX Fidelity Advisor Asset Manager 85% Fund Class Z | 5.11% | 5.74% | 3.61% | 1.43% | 5.21% | 3.30% | 2.07% | 5.66% | 5.79% | 0.00% | 0.00% | 0.00% |
VLAAX Value Line Asset Allocation Fund | 12.72% | 12.22% | 10.14% | 9.88% | 6.00% | 6.43% | 0.53% | 1.74% | 3.09% | 4.34% | 2.38% | 2.98% |
Frequently Asked Questions
FIQCX and VLAAX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQCX has higher volatility (3.93%) compared to VLAAX (3.41%). In terms of maximum drawdown, FIQCX dropped -30.97% vs VLAAX's -43.95%.
FIQCX currently has the higher Sharpe Ratio (1.65 vs -1.07), 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.
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