FMSDX vs. FXAIX
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity 500 Index Fund (FXAIX).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FMSDX vs. FXAIX - Performance Comparison
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FMSDX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 1.82% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -8.34% |
Returns By Period
In the year-to-date period, FMSDX achieves a 1.82% return, which is significantly higher than FXAIX's -4.34% return.
FMSDX
- 1D
- 1.49%
- 1M
- -5.08%
- YTD
- 1.82%
- 6M
- 1.32%
- 1Y
- 17.87%
- 3Y*
- 10.34%
- 5Y*
- 6.05%
- 10Y*
- —
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FMSDX vs. FXAIX - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FMSDX vs. FXAIX — Risk / Return Rank
FMSDX
FXAIX
FMSDX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity 500 Index Fund (FXAIX). 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.
| FMSDX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.97 | +0.59 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.49 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.52 | +0.86 |
Martin ratioReturn relative to average drawdown | 8.94 | 7.30 | +1.64 |
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
| FMSDX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.97 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.70 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.76 | +0.09 |
Correlation
The correlation between FMSDX and FXAIX is 0.84, 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
FMSDX vs. FXAIX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.48%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.48% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FMSDX vs. FXAIX - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FMSDX and FXAIX.
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Drawdown Indicators
| FMSDX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -33.79% | +12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -12.13% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -24.50% | +6.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -5.08% | -6.23% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -3.83% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.53% | -0.41% |
Volatility
FMSDX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Income Fund (FMSDX) is 4.29%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that FMSDX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMSDX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 5.34% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 9.53% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 18.32% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 16.92% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 18.05% | -7.43% |