FSAAX vs. WFSPX
FSAAX (Fidelity Advisor Asset Manager 60% Fund Class A) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - FSAAX is a Diversified Portfolio fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FSAAX returned 8.80%/yr vs 15.68%/yr for WFSPX. Their correlation of 0.93 suggests significant overlap in exposure. FSAAX charges 1.00%/yr vs 0.03%/yr for WFSPX.
Performance
FSAAX vs. WFSPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FSAAX having a 10.19% return and WFSPX slightly lower at 9.77%. Over the past 10 years, FSAAX has underperformed WFSPX with an annualized return of 8.80%, while WFSPX has yielded a comparatively higher 15.68% annualized return.
FSAAX
- 1D
- -0.11%
- 1M
- 1.85%
- YTD
- 10.19%
- 6M
- 9.90%
- 1Y
- 21.76%
- 3Y*
- 14.23%
- 5Y*
- 6.81%
- 10Y*
- 8.80%
WFSPX
- 1D
- -0.36%
- 1M
- 0.10%
- YTD
- 9.77%
- 6M
- 8.77%
- 1Y
- 25.45%
- 3Y*
- 21.35%
- 5Y*
- 13.57%
- 10Y*
- 15.68%
FSAAX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSAAX Fidelity Advisor Asset Manager 60% Fund Class A | 10.19% | 16.24% | 9.13% | 14.38% | -16.42% | 11.48% | 15.71% | 20.23% | -6.88% | 14.98% |
WFSPX iShares S&P 500 Index Fund Class K | 9.77% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between FSAAX and WFSPX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.93 |
The correlation between FSAAX and WFSPX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
FSAAX vs. WFSPX — Risk / Return Rank
FSAAX
WFSPX
FSAAX vs. WFSPX - 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 iShares S&P 500 Index Fund Class K (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.01 | +0.15 |
| Martin ratioReturn relative to average drawdown | 13.54 | 13.58 | -0.04 |
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Drawdowns
FSAAX vs. WFSPX - Drawdown Comparison
The maximum FSAAX drawdown since its inception was -41.63%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FSAAX and WFSPX.
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Drawdown Indicators
| FSAAX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.63% | -58.21% | +16.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -8.90% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -18.74% | +7.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -24.51% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -24.38% | -33.74% | +9.36% |
Current DrawdownCurrent decline from peak | -0.11% | -1.72% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -12.76% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.97% | -0.31% |
Volatility
FSAAX vs. WFSPX - Volatility Comparison
The current volatility for Fidelity Advisor Asset Manager 60% Fund Class A (FSAAX) is 4.04%, while iShares S&P 500 Index Fund Class K (WFSPX) has a volatility of 4.67%. This indicates that FSAAX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAAX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.67% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 9.83% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 12.49% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 16.97% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.03% | 18.07% | -7.04% |
FSAAX vs. WFSPX - Expense Ratio Comparison
FSAAX has a 1.00% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
FSAAX vs. WFSPX - Dividend Comparison
FSAAX's dividend yield for the trailing twelve months is around 5.06%, more than WFSPX's 1.59% 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% |
WFSPX iShares S&P 500 Index Fund Class K | 1.59% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
With a correlation of 0.94, FSAAX and WFSPX 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.
WFSPX has higher volatility (4.67%) compared to FSAAX (4.04%). In terms of maximum drawdown, FSAAX dropped -41.63% vs WFSPX's -58.21%.
FSAAX currently has the higher Sharpe Ratio (2.30 vs 2.15), 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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