FSAAX vs. VFAIX
FSAAX (Fidelity Advisor Asset Manager 60% Fund Class A) and VFAIX (Vanguard Financials Index Fund Admiral Shares) are both mutual funds - FSAAX is a Diversified Portfolio fund managed by BlackRock, while VFAIX is a Financials Equities fund managed by BlackRock. Over the past 10 years, FSAAX returned 8.56%/yr vs 12.42%/yr for VFAIX. A 0.76 correlation means they provide meaningful diversification when combined. FSAAX charges 1.00%/yr vs 0.10%/yr for VFAIX.
Performance
FSAAX vs. VFAIX - Performance Comparison
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Returns By Period
In the year-to-date period, FSAAX achieves a 10.25% return, which is significantly higher than VFAIX's -5.08% return. Over the past 10 years, FSAAX has underperformed VFAIX with an annualized return of 8.56%, while VFAIX has yielded a comparatively higher 12.42% annualized return.
FSAAX
- 1D
- 0.43%
- 1M
- 3.83%
- YTD
- 10.25%
- 6M
- 11.01%
- 1Y
- 23.04%
- 3Y*
- 14.36%
- 5Y*
- 7.01%
- 10Y*
- 8.56%
VFAIX
- 1D
- 0.03%
- 1M
- -0.39%
- YTD
- -5.08%
- 6M
- -2.61%
- 1Y
- 3.83%
- 3Y*
- 18.99%
- 5Y*
- 8.33%
- 10Y*
- 12.42%
FSAAX vs. VFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAAX Fidelity Advisor Asset Manager 60% Fund Class A | 10.25% | 16.24% | 9.13% | 14.38% | -16.42% | 11.48% | 15.71% | 20.23% | -6.88% | 14.98% |
VFAIX Vanguard Financials Index Fund Admiral Shares | -5.08% | 14.90% | 30.46% | 14.07% | -12.26% | 36.27% | -2.15% | 31.63% | -13.47% | 20.05% |
Correlation
The correlation between FSAAX and VFAIX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007 | 0.76 |
Over the past year, the correlation between FSAAX and VFAIX has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FSAAX vs. VFAIX — Risk / Return Rank
FSAAX
VFAIX
FSAAX vs. VFAIX - 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 Vanguard Financials Index Fund Admiral Shares (VFAIX). 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.
| FSAAX | VFAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.06 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 0.29 | +2.99 |
| Martin ratioReturn relative to average drawdown | 14.36 | 0.76 | +13.60 |
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
| FSAAX | VFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 0.29 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.43 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.55 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.23 | +0.29 |
Drawdowns
FSAAX vs. VFAIX - Drawdown Comparison
The maximum FSAAX drawdown since its inception was -41.63%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for FSAAX and VFAIX.
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Drawdown Indicators
| FSAAX | VFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -78.64% | +37.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -14.72% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -17.31% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -25.71% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -24.38% | -44.37% | +19.99% |
Current DrawdownCurrent decline from peak | 0.00% | -7.97% | +7.97% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -18.61% | +13.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 5.51% | -3.89% |
Volatility
FSAAX vs. VFAIX - Volatility Comparison
Fidelity Advisor Asset Manager 60% Fund Class A (FSAAX) and Vanguard Financials Index Fund Admiral Shares (VFAIX) have volatilities of 3.03% and 3.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAAX | VFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.07% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 10.98% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 14.68% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 19.33% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.98% | 22.60% | -11.62% |
FSAAX vs. VFAIX - Expense Ratio Comparison
FSAAX has a 1.00% expense ratio, which is higher than VFAIX's 0.10% expense ratio.
Dividends
FSAAX vs. VFAIX - Dividend Comparison
FSAAX's dividend yield for the trailing twelve months is around 5.06%, more than VFAIX's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAAX Fidelity Advisor Asset Manager 60% Fund Class A | 5.06% | 5.57% | 2.99% | 1.64% | 4.12% | 2.27% | 1.60% | 3.83% | 4.15% | 1.78% | 0.20% | 3.80% |
VFAIX Vanguard Financials Index Fund Admiral Shares | 1.54% | 1.56% | 1.75% | 2.08% | 2.31% | 2.62% | 2.21% | 2.17% | 2.30% | 1.54% | 1.64% | 2.00% |
Frequently Asked Questions
FSAAX and VFAIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFAIX has higher volatility (3.07%) compared to FSAAX (3.03%). In terms of maximum drawdown, FSAAX dropped -41.63% vs VFAIX's -78.64%.
FSAAX currently has the higher Sharpe Ratio (2.56 vs 0.29), 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.
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