FSAAX vs. VTCLX
FSAAX (Fidelity Advisor Asset Manager 60% Fund Class A) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - FSAAX is a Diversified Portfolio fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, FSAAX returned 8.56%/yr vs 15.47%/yr for VTCLX. Their correlation of 0.94 suggests significant overlap in exposure. FSAAX charges 1.00%/yr vs 0.09%/yr for VTCLX.
Performance
FSAAX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, FSAAX achieves a 10.25% return, which is significantly lower than VTCLX's 11.31% return. Over the past 10 years, FSAAX has underperformed VTCLX with an annualized return of 8.56%, while VTCLX has yielded a comparatively higher 15.47% 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%
VTCLX
- 1D
- 0.22%
- 1M
- 5.61%
- YTD
- 11.31%
- 6M
- 11.26%
- 1Y
- 28.29%
- 3Y*
- 22.21%
- 5Y*
- 13.46%
- 10Y*
- 15.47%
FSAAX vs. VTCLX - 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% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 11.31% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between FSAAX and VTCLX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007 | 0.94 |
The correlation between FSAAX and VTCLX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
FSAAX vs. VTCLX — Risk / Return Rank
FSAAX
VTCLX
FSAAX vs. VTCLX - 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 Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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 | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.44 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 3.32 | -0.04 |
| Martin ratioReturn relative to average drawdown | 14.36 | 15.43 | -1.07 |
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 | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 2.43 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.79 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.85 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.53 | -0.01 |
Drawdowns
FSAAX vs. VTCLX - Drawdown Comparison
The maximum FSAAX drawdown since its inception was -41.63%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FSAAX and VTCLX.
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Drawdown Indicators
| FSAAX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -55.18% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -8.79% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -19.01% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -24.98% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -24.38% | -34.56% | +10.18% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -7.57% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.89% | -0.27% |
Volatility
FSAAX vs. VTCLX - Volatility Comparison
Fidelity Advisor Asset Manager 60% Fund Class A (FSAAX) has a higher volatility of 3.03% compared to Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) at 2.86%. This indicates that FSAAX's price experiences larger fluctuations and is considered to be riskier than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAAX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.86% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 9.09% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 12.01% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 17.22% | -6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.98% | 18.28% | -7.30% |
FSAAX vs. VTCLX - Expense Ratio Comparison
FSAAX has a 1.00% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
FSAAX vs. VTCLX - Dividend Comparison
FSAAX's dividend yield for the trailing twelve months is around 5.06%, more than VTCLX's 0.85% 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% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
With a correlation of 0.93, FSAAX and VTCLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSAAX has higher volatility (3.03%) compared to VTCLX (2.86%). In terms of maximum drawdown, FSAAX dropped -41.63% vs VTCLX's -55.18%.
FSAAX currently has the higher Sharpe Ratio (2.56 vs 2.43), 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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