FRAMX vs. ASFYX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
FRAMX is managed by BlackRock. It was launched on Aug 30, 2007. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
FRAMX vs. ASFYX - Performance Comparison
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FRAMX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.59% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Returns By Period
In the year-to-date period, FRAMX achieves a -0.57% return, which is significantly lower than ASFYX's 6.59% return. Over the past 10 years, FRAMX has outperformed ASFYX with an annualized return of 3.65%, while ASFYX has yielded a comparatively lower 1.87% annualized return.
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
ASFYX
- 1D
- 0.00%
- 1M
- -1.55%
- YTD
- 6.59%
- 6M
- 10.95%
- 1Y
- 3.41%
- 3Y*
- -2.89%
- 5Y*
- 2.30%
- 10Y*
- 1.87%
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FRAMX vs. ASFYX - Expense Ratio Comparison
FRAMX has a 0.70% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Return for Risk
FRAMX vs. ASFYX — Risk / Return Rank
FRAMX
ASFYX
FRAMX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| FRAMX | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 0.18 | +1.33 |
Sortino ratioReturn per unit of downside risk | 2.09 | 0.30 | +1.78 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.04 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 0.10 | +1.90 |
Martin ratioReturn relative to average drawdown | 8.06 | 0.16 | +7.90 |
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
| FRAMX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.18 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.17 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.15 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.31 | +0.18 |
Correlation
The correlation between FRAMX and ASFYX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FRAMX vs. ASFYX - Dividend Comparison
FRAMX's dividend yield for the trailing twelve months is around 2.91%, more than ASFYX's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.43% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
FRAMX vs. ASFYX - Drawdown Comparison
The maximum FRAMX drawdown since its inception was -33.94%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for FRAMX and ASFYX.
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Drawdown Indicators
| FRAMX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -36.43% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -13.51% | +10.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -36.43% | +20.12% |
Max Drawdown (10Y)Largest decline over 10 years | -16.31% | -36.43% | +20.12% |
Current DrawdownCurrent decline from peak | -3.20% | -24.37% | +21.17% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -13.09% | +9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 8.72% | -7.86% |
Volatility
FRAMX vs. ASFYX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is 1.96%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.86%. This indicates that FRAMX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAMX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 3.86% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 10.01% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 13.02% | -8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 13.68% | -8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 12.68% | -8.21% |