FMWIX vs. VTMFX
Compare and contrast key facts about Fidelity Moderate with Income Allocation Fund (FMWIX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
FMWIX is managed by Fidelity. It was launched on Feb 8, 2022. VTMFX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
FMWIX vs. VTMFX - Performance Comparison
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FMWIX vs. VTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FMWIX Fidelity Moderate with Income Allocation Fund | -1.46% | 11.03% | 6.65% | 10.53% | -9.08% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -3.56% | 11.28% | 12.17% | 15.55% | -7.73% |
Returns By Period
In the year-to-date period, FMWIX achieves a -1.46% return, which is significantly higher than VTMFX's -3.56% return.
FMWIX
- 1D
- 0.19%
- 1M
- -3.77%
- YTD
- -1.46%
- 6M
- 0.16%
- 1Y
- 8.12%
- 3Y*
- 7.42%
- 5Y*
- —
- 10Y*
- —
VTMFX
- 1D
- -0.08%
- 1M
- -5.04%
- YTD
- -3.56%
- 6M
- -1.55%
- 1Y
- 9.77%
- 3Y*
- 9.90%
- 5Y*
- 6.01%
- 10Y*
- 7.82%
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FMWIX vs. VTMFX - Expense Ratio Comparison
FMWIX has a 0.10% expense ratio, which is higher than VTMFX's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FMWIX vs. VTMFX — Risk / Return Rank
FMWIX
VTMFX
FMWIX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Moderate with Income Allocation Fund (FMWIX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.
| FMWIX | VTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.21 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.75 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.36 | +0.58 |
Martin ratioReturn relative to average drawdown | 7.99 | 6.49 | +1.50 |
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
| FMWIX | VTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.21 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.82 | -0.23 |
Correlation
The correlation between FMWIX and VTMFX is 0.80, 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
FMWIX vs. VTMFX - Dividend Comparison
FMWIX's dividend yield for the trailing twelve months is around 3.13%, more than VTMFX's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMWIX Fidelity Moderate with Income Allocation Fund | 3.13% | 2.89% | 2.71% | 2.30% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.31% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Drawdowns
FMWIX vs. VTMFX - Drawdown Comparison
The maximum FMWIX drawdown since its inception was -13.78%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for FMWIX and VTMFX.
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Drawdown Indicators
| FMWIX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.78% | -28.49% | +14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -6.82% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.87% | — |
Current DrawdownCurrent decline from peak | -3.77% | -5.38% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -3.56% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.43% | -0.43% |
Volatility
FMWIX vs. VTMFX - Volatility Comparison
The current volatility for Fidelity Moderate with Income Allocation Fund (FMWIX) is 2.16%, while Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a volatility of 2.30%. This indicates that FMWIX experiences smaller price fluctuations and is considered to be less risky than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMWIX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 2.30% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 4.60% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 8.45% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 8.49% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.74% | 9.09% | -2.35% |