FMILX vs. FAMRX
Compare and contrast key facts about Fidelity New Millennium Fund (FMILX) and Fidelity Asset Manager 85% Fund (FAMRX).
FMILX is managed by Fidelity. It was launched on Dec 28, 1992. FAMRX is managed by BlackRock. It was launched on Sep 24, 1999.
Performance
FMILX vs. FAMRX - Performance Comparison
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FMILX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | -6.28% | 12.97% | 28.83% | 25.37% | -1.56% | 23.92% | 5.73% | 26.17% | -6.31% | 19.00% |
FAMRX Fidelity Asset Manager 85% Fund | -3.73% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Returns By Period
In the year-to-date period, FMILX achieves a -6.28% return, which is significantly lower than FAMRX's -3.73% return. Over the past 10 years, FMILX has outperformed FAMRX with an annualized return of 13.47%, while FAMRX has yielded a comparatively lower 10.12% annualized return.
FMILX
- 1D
- -0.77%
- 1M
- -8.21%
- YTD
- -6.28%
- 6M
- -7.44%
- 1Y
- 12.57%
- 3Y*
- 16.97%
- 5Y*
- 12.86%
- 10Y*
- 13.47%
FAMRX
- 1D
- -0.38%
- 1M
- -8.65%
- YTD
- -3.73%
- 6M
- -0.48%
- 1Y
- 17.83%
- 3Y*
- 13.39%
- 5Y*
- 7.41%
- 10Y*
- 10.12%
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FMILX vs. FAMRX - Expense Ratio Comparison
FMILX has a 0.59% expense ratio, which is lower than FAMRX's 0.70% expense ratio.
Return for Risk
FMILX vs. FAMRX — Risk / Return Rank
FMILX
FAMRX
FMILX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and Fidelity Asset Manager 85% Fund (FAMRX). 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.
| FMILX | FAMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.15 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.66 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.47 | -0.66 |
Martin ratioReturn relative to average drawdown | 2.83 | 6.61 | -3.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMILX | FAMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.15 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.51 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.67 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.39 | +0.21 |
Correlation
The correlation between FMILX and FAMRX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMILX vs. FAMRX - Dividend Comparison
FMILX has not paid dividends to shareholders, while FAMRX's dividend yield for the trailing twelve months is around 5.78%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMILX Fidelity New Millennium Fund | 0.00% | 0.00% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 7.84% | 6.65% | 11.99% |
FAMRX Fidelity Asset Manager 85% Fund | 5.78% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
Drawdowns
FMILX vs. FAMRX - Drawdown Comparison
The maximum FMILX drawdown since its inception was -58.56%, roughly equal to the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for FMILX and FAMRX.
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Drawdown Indicators
| FMILX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.56% | -58.65% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -10.77% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -26.00% | +5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -30.96% | -7.96% |
Current DrawdownCurrent decline from peak | -11.86% | -9.33% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -12.40% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.40% | +1.11% |
Volatility
FMILX vs. FAMRX - Volatility Comparison
The current volatility for Fidelity New Millennium Fund (FMILX) is 4.89%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.40%. This indicates that FMILX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMILX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 5.40% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.41% | 9.28% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 15.42% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 14.49% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 15.17% | +2.79% |