FRAMX vs. FASGX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and Fidelity Asset Manager 70% Fund (FASGX).
FRAMX is managed by BlackRock. It was launched on Aug 30, 2007. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.
Performance
FRAMX vs. FASGX - Performance Comparison
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FRAMX vs. FASGX - 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% |
FASGX Fidelity Asset Manager 70% Fund | -2.99% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Returns By Period
In the year-to-date period, FRAMX achieves a -0.57% return, which is significantly higher than FASGX's -2.99% return. Over the past 10 years, FRAMX has underperformed FASGX with an annualized return of 3.65%, while FASGX has yielded a comparatively higher 8.70% 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%
FASGX
- 1D
- -0.24%
- 1M
- -7.42%
- YTD
- -2.99%
- 6M
- -0.12%
- 1Y
- 15.54%
- 3Y*
- 11.72%
- 5Y*
- 6.38%
- 10Y*
- 8.70%
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FRAMX vs. FASGX - Expense Ratio Comparison
FRAMX has a 0.70% expense ratio, which is higher than FASGX's 0.67% expense ratio.
Return for Risk
FRAMX vs. FASGX — Risk / Return Rank
FRAMX
FASGX
FRAMX vs. FASGX - 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 Fidelity Asset Manager 70% Fund (FASGX). 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 | FASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.21 | +0.29 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.73 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.55 | +0.45 |
Martin ratioReturn relative to average drawdown | 8.06 | 6.89 | +1.17 |
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 | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.21 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.53 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.70 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.60 | -0.10 |
Correlation
The correlation between FRAMX and FASGX is 0.89, 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
FRAMX vs. FASGX - Dividend Comparison
FRAMX's dividend yield for the trailing twelve months is around 2.91%, less than FASGX's 7.56% 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% |
FASGX Fidelity Asset Manager 70% Fund | 7.56% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
Drawdowns
FRAMX vs. FASGX - Drawdown Comparison
The maximum FRAMX drawdown since its inception was -33.94%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for FRAMX and FASGX.
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Drawdown Indicators
| FRAMX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -47.35% | +13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -9.07% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -23.54% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -16.31% | -27.20% | +10.89% |
Current DrawdownCurrent decline from peak | -3.20% | -7.95% | +4.75% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -6.74% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.04% | -1.18% |
Volatility
FRAMX vs. FASGX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is 1.96%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 4.57%. This indicates that FRAMX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAMX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 4.57% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 7.78% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 12.82% | -8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 12.14% | -6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 12.56% | -8.09% |