FSANX vs. FTABX

Last updated Aug 1, 2026

FSANX (Fidelity Asset Manager 60% Fund) and FTABX (Fidelity Tax-Free Bond Fund) are both mutual funds - FSANX is a Diversified Portfolio fund managed by BlackRock, while FTABX is a Municipal Bonds fund actively managed by Fidelity. Over the past 10 years, FSANX returned 8.42%/yr vs 2.06%/yr for FTABX. Their -0.05 correlation means they have often moved in opposite directions in the past. FSANX charges 0.68%/yr vs 0.25%/yr for FTABX.

Performance

FSANX vs. FTABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 60% Fund (FSANX) and Fidelity Tax-Free Bond Fund (FTABX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSANX achieves a 8.79% return, which is significantly higher than FTABX's 0.14% return. Over the past 10 years, FSANX has outperformed FTABX with an annualized return of 8.42%, while FTABX has yielded a comparatively lower 2.06% annualized return.

FSANX

• 1D: 1.48%
• 1M: -0.75%
• 6M: 5.99%
• YTD: 8.79%
• 1Y: 17.88%
• 3Y*: 12.77%
• 5Y*: 6.52%
• 10Y*: 8.42%
• ALL TIME*: 6.54%

FTABX

• 1D: -0.18%
• 1M: -2.06%
• 6M: -0.66%
• YTD: 0.14%
• 1Y: 4.93%
• 3Y*: 3.63%
• 5Y*: 0.52%
• 10Y*: 2.06%
• ALL TIME*: 3.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSANX Fidelity Asset Manager 60% Fund	$0.00	$0.00	$0.00
FTABX Fidelity Tax-Free Bond Fund	$0.00	$0.00	$0.00

FSANX vs. FTABX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSANX Fidelity Asset Manager 60% Fund	8.79%	16.61%	9.48%	14.81%	-16.25%	11.85%	16.15%	20.64%	-6.60%	15.04%
FTABX Fidelity Tax-Free Bond Fund	0.14%	5.60%	1.54%	7.51%	-10.74%	2.20%	4.80%	8.58%	0.67%	6.45%

Correlation

The correlation between FSANX and FTABX is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (3Y) Balances recent behavior with more history.	0.25
Correlation (5Y) Shows whether the relationship held over a longer period.	0.23
Correlation (10Y) Provides a long-term view across more market conditions.	0.11
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007	-0.05

The correlation between FSANX and FTABX shifts across timeframes, from -0.05 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FSANX vs. FTABX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSANX

FSANX Risk / Return Rank: 74
FSANX Sharpe Ratio Rank: 72
FSANX Sortino Ratio Rank: 70
FSANX Omega Ratio Rank: 71
FSANX Calmar Ratio Rank: 74
FSANX Martin Ratio Rank: 82

FTABX

FTABX Risk / Return Rank: 71
FTABX Sharpe Ratio Rank: 85
FTABX Sortino Ratio Rank: 85
FTABX Omega Ratio Rank: 89
FTABX Calmar Ratio Rank: 54
FTABX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSANX vs. FTABX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 60% Fund (FSANX) and Fidelity Tax-Free Bond Fund (FTABX). 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.

	FSANX	FTABX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.03	-0.38
Sortino ratio: Return per unit of downside risk	2.34	3.01	-0.68
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	2.37	1.88	+0.49
Martin ratio: Return relative to average drawdown	9.91	6.04	+3.87

FSANX vs. FTABX - Sharpe Ratio Comparison

The current FSANX Sharpe Ratio is 1.65, which is comparable to the FTABX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FSANX and FTABX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSANX vs. FTABX - Drawdown Comparison

The maximum FSANX drawdown since its inception was -41.49%, which is greater than FTABX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for FSANX and FTABX.

Drawdown Indicators

	FSANX	FTABX	Difference
Max Drawdown Largest peak-to-trough decline	-41.49%	-16.14%	-25.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-3.11%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	-5.18%	-5.81%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-16.07%	-6.32%
Max Drawdown (10Y) Largest decline over 10 years	-24.42%	-16.14%	-8.28%
Current Drawdown Current decline from peak	-1.54%	-2.06%	+0.52%
Average Drawdown Average peak-to-trough decline	-5.40%	-2.11%	-3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	0.97%	+0.73%

Volatility

FSANX vs. FTABX - Volatility Comparison

Fidelity Asset Manager 60% Fund (FSANX) has a higher volatility of 2.96% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.99%. This indicates that FSANX's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSANX	FTABX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	0.99%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	8.67%	2.34%	+6.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.21%	2.88%	+7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	4.18%	+6.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	4.29%	+6.72%

FSANX vs. FTABX - Expense Ratio Comparison

FSANX has a 0.68% expense ratio, which is higher than FTABX's 0.25% expense ratio.

Dividends

FSANX vs. FTABX - Dividend Comparison

FSANX's dividend yield for the trailing twelve months is around 5.37%, more than FTABX's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSANX Fidelity Asset Manager 60% Fund	5.37%	5.84%	3.28%	1.93%	4.44%	2.52%	1.89%	4.14%	4.43%	1.78%	0.20%	4.12%
FTABX Fidelity Tax-Free Bond Fund	3.00%	4.18%	2.81%	2.90%	2.16%	2.27%	2.64%	2.94%	3.01%	3.49%	4.22%	3.29%

Frequently Asked Questions

Can I hold both FSANX and FTABX in my portfolio?

FSANX and FTABX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSANX or FTABX?

FSANX has higher volatility (2.96%) compared to FTABX (0.99%). In terms of maximum drawdown, FSANX dropped -41.49% vs FTABX's -16.14%.

Which has better risk-adjusted returns?

FTABX currently has the higher Sharpe Ratio (2.03 vs 1.65), 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.