FMSDX vs. AMZN
FMSDX (Fidelity Multi-Asset Income Fund) is Diversified Portfolio fund managed by Fidelity, while AMZN (Amazon.com, Inc) is a stock. Over the past 5 years, FMSDX returned 5.70%/yr vs 7.35%/yr for AMZN. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FMSDX vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, FMSDX achieves a 6.10% return, which is significantly higher than AMZN's 3.35% return.
FMSDX
- 1D
- 1.76%
- 1M
- -1.39%
- YTD
- 6.10%
- 6M
- 5.35%
- 1Y
- 17.44%
- 3Y*
- 12.02%
- 5Y*
- 5.70%
- 10Y*
- —
AMZN
- 1D
- -1.23%
- 1M
- -9.69%
- YTD
- 3.35%
- 6M
- 5.46%
- 1Y
- 12.47%
- 3Y*
- 23.49%
- 5Y*
- 7.35%
- 10Y*
- 20.83%
FMSDX vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 6.10% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
AMZN Amazon.com, Inc | 3.35% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 76.26% | 23.03% | 0.13% |
Correlation
The correlation between FMSDX and AMZN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018 | 0.54 |
The correlation between FMSDX and AMZN has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
FMSDX vs. AMZN — Risk / Return Rank
FMSDX
AMZN
FMSDX vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) and Amazon.com, Inc (AMZN). 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.
| FMSDX | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.09 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 0.55 | +2.18 |
| Martin ratioReturn relative to average drawdown | 9.14 | 1.29 | +7.85 |
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Drawdowns
FMSDX vs. AMZN - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for FMSDX and AMZN.
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Drawdown Indicators
| FMSDX | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -94.40% | +72.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -21.74% | +15.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -30.88% | +17.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -56.15% | +38.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -2.86% | -13.25% | +10.39% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -28.19% | +24.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 9.21% | -7.28% |
Volatility
FMSDX vs. AMZN - Volatility Comparison
The current volatility for Fidelity Multi-Asset Income Fund (FMSDX) is 3.98%, while Amazon.com, Inc (AMZN) has a volatility of 7.92%. This indicates that FMSDX experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMSDX | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 7.92% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 20.73% | -12.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.42% | 30.13% | -19.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.91% | 35.53% | -25.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.64% | 32.48% | -21.84% |
Dividends
FMSDX vs. AMZN - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.55%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FMSDX Fidelity Multi-Asset Income Fund | 3.55% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% |
Frequently Asked Questions
FMSDX and AMZN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZN has higher volatility (7.92%) compared to FMSDX (3.98%). In terms of maximum drawdown, FMSDX dropped -21.64% vs AMZN's -94.40%.
FMSDX currently has the higher Sharpe Ratio (1.70 vs 0.40), 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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