FSAAX vs. BDMAX
FSAAX (Fidelity Advisor Asset Manager 60% Fund Class A) and BDMAX (BlackRock Global Equity Market Neutral Fund Investor A) are both mutual funds - FSAAX is a Diversified Portfolio fund managed by BlackRock, while BDMAX is a Equity Market Neutral fund actively managed by BlackRock. Over the past 10 years, FSAAX returned 8.16%/yr vs 8.21%/yr for BDMAX. Their 0.10 correlation means their historical movements had little consistent relationship. FSAAX charges 1.00%/yr vs 1.59%/yr for BDMAX.
Performance
FSAAX vs. BDMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSAAX achieves a 8.66% return, which is significantly lower than BDMAX's 11.82% return. Both investments have delivered pretty close results over the past 10 years, with FSAAX having a 8.16% annualized return and BDMAX not far ahead at 8.21%.
FSAAX
- 1D
- 1.49%
- 1M
- -0.75%
- 6M
- 5.86%
- YTD
- 8.66%
- 1Y
- 17.53%
- 3Y*
- 12.44%
- 5Y*
- 6.20%
- 10Y*
- 8.16%
- ALL TIME*
- 6.26%
BDMAX
- 1D
- 1.16%
- 1M
- 1.62%
- 6M
- 10.73%
- YTD
- 11.82%
- 1Y
- 23.19%
- 3Y*
- 20.21%
- 5Y*
- 12.85%
- 10Y*
- 8.21%
- ALL TIME*
- 6.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSAAX vs. BDMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAAX Fidelity Advisor Asset Manager 60% Fund Class A | 8.66% | 16.24% | 9.13% | 14.38% | -16.42% | 11.48% | 15.71% | 20.23% | -6.88% | 14.98% |
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 11.82% | 18.08% | 21.12% | 14.27% | 1.57% | 3.11% | -0.05% | -1.02% | 1.86% | 12.57% |
Correlation
The correlation between FSAAX and BDMAX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.10 |
Over the past year, FSAAX and BDMAX have become more correlated (0.39) than their long-term average of 0.10, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSAAX vs. BDMAX — Risk / Return Rank
FSAAX
BDMAX
FSAAX vs. BDMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 60% Fund Class A (FSAAX) and BlackRock Global Equity Market Neutral Fund Investor A (BDMAX). 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.
| FSAAX | BDMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.60 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 7.28 | -4.97 |
| Martin ratioReturn relative to average drawdown | 9.63 | 19.24 | -9.61 |
Loading charts...
Drawdowns
FSAAX vs. BDMAX - Drawdown Comparison
The maximum FSAAX drawdown since its inception was -41.63%, which is greater than BDMAX's maximum drawdown of -12.37%. Use the drawdown chart below to compare losses from any high point for FSAAX and BDMAX.
Loading charts...
Drawdown Indicators
| FSAAX | BDMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -12.37% | -29.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -3.25% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -4.15% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -5.56% | -17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -24.38% | -9.71% | -14.67% |
Current DrawdownCurrent decline from peak | -1.55% | -1.15% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -2.80% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.23% | +0.48% |
Volatility
FSAAX vs. BDMAX - Volatility Comparison
Fidelity Advisor Asset Manager 60% Fund Class A (FSAAX) has a higher volatility of 2.95% compared to BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) at 2.58%. This indicates that FSAAX's price experiences larger fluctuations and is considered to be riskier than BDMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSAAX | BDMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 2.58% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.65% | 5.36% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.18% | 7.39% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 6.67% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 5.90% | +5.11% |
FSAAX vs. BDMAX - Expense Ratio Comparison
FSAAX has a 1.00% expense ratio, which is lower than BDMAX's 1.59% expense ratio.
Dividends
FSAAX vs. BDMAX - Dividend Comparison
FSAAX's dividend yield for the trailing twelve months is around 5.13%, less than BDMAX's 11.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDMAX BlackRock Global Equity Market Neutral Fund Investor A | 11.66% | 8.94% | 13.39% | 7.14% | 0.00% | 1.25% | 0.04% | 6.60% | 0.85% | 0.00% | 0.00% | 1.56% |
FSAAX Fidelity Advisor Asset Manager 60% Fund Class A | 5.13% | 5.57% | 2.99% | 1.64% | 4.12% | 2.27% | 1.60% | 3.83% | 4.15% | 1.78% | 0.20% | 3.80% |
Frequently Asked Questions
FSAAX and BDMAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSAAX has higher volatility (2.95%) compared to BDMAX (2.58%). In terms of maximum drawdown, FSAAX dropped -41.63% vs BDMAX's -12.37%.
BDMAX currently has the higher Sharpe Ratio (3.20 vs 1.62), 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.
Find the right allocation for FSAAX and BDMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer