FSANX vs. FZROX

Last updated Jun 25, 2026

FSANX (Fidelity Asset Manager 60% Fund) and FZROX (Fidelity ZERO Total Market Index Fund) are both mutual funds - FSANX is a Diversified Portfolio fund managed by BlackRock, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, FSANX returned 6.74%/yr vs 12.16%/yr for FZROX. Their correlation of 0.94 suggests significant overlap in exposure. FSANX charges 0.68%/yr vs 0.00%/yr for FZROX.

Performance

FSANX vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Asset Manager 60% Fund (FSANX) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FSANX having a 8.73% return and FZROX slightly higher at 8.88%.

FSANX

• 1D: -1.43%
• 1M: 0.38%
• YTD: 8.73%
• 6M: 8.27%
• 1Y: 19.25%
• 3Y*: 14.03%
• 5Y*: 6.74%
• 10Y*: 8.92%

FZROX

• 1D: -1.38%
• 1M: -0.77%
• YTD: 8.88%
• 6M: 7.43%
• 1Y: 22.88%
• 3Y*: 20.75%
• 5Y*: 12.16%
• 10Y*: —

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

FSANX vs. FZROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSANX Fidelity Asset Manager 60% Fund	8.73%	16.61%	9.48%	14.81%	-16.25%	11.85%	16.15%	20.64%	-7.99%
FZROX Fidelity ZERO Total Market Index Fund	8.88%	17.23%	23.94%	26.20%	-19.21%	26.00%	20.51%	31.15%	-12.72%

Correlation

The correlation between FSANX and FZROX 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	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018	0.94

The correlation between FSANX and FZROX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

FSANX vs. FZROX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSANX

FSANX Risk / Return Rank: 63
FSANX Sharpe Ratio Rank: 60
FSANX Sortino Ratio Rank: 58
FSANX Omega Ratio Rank: 62
FSANX Calmar Ratio Rank: 64
FSANX Martin Ratio Rank: 70

FZROX

FZROX Risk / Return Rank: 52
FZROX Sharpe Ratio Rank: 48
FZROX Sortino Ratio Rank: 44
FZROX Omega Ratio Rank: 45
FZROX Calmar Ratio Rank: 56
FZROX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSANX vs. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 60% Fund (FSANX) and Fidelity ZERO Total Market Index Fund (FZROX). 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	FZROX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.89	+0.17
Sortino ratio: Return per unit of downside risk	2.87	2.58	+0.29
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	2.88	2.74	+0.14
Martin ratio: Return relative to average drawdown	12.34	12.23	+0.11

FSANX vs. FZROX - Sharpe Ratio Comparison

The current FSANX Sharpe Ratio is 2.06, which is comparable to the FZROX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FSANX and FZROX, 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. FZROX - Drawdown Comparison

The maximum FSANX drawdown since its inception was -41.49%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FSANX and FZROX.

Drawdown Indicators

	FSANX	FZROX	Difference
Max Drawdown Largest peak-to-trough decline	-41.49%	-34.96%	-6.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-8.89%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	-19.38%	+8.39%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-25.12%	+2.73%
Max Drawdown (10Y) Largest decline over 10 years	-24.42%	—	—
Current Drawdown Current decline from peak	-1.54%	-2.79%	+1.25%
Average Drawdown Average peak-to-trough decline	-5.42%	-5.48%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.99%	-0.34%

Volatility

FSANX vs. FZROX - Volatility Comparison

The current volatility for Fidelity Asset Manager 60% Fund (FSANX) is 4.33%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.03%. This indicates that FSANX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSANX	FZROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	5.03%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	10.18%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	9.92%	12.94%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.94%	17.54%	-6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.00%	20.13%	-9.13%

FSANX vs. FZROX - Expense Ratio Comparison

FSANX has a 0.68% expense ratio, which is higher than FZROX's 0.00% expense ratio.

Dividends

FSANX vs. FZROX - Dividend Comparison

FSANX's dividend yield for the trailing twelve months is around 5.37%, more than FZROX's 0.94% 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%
FZROX Fidelity ZERO Total Market Index Fund	0.94%	1.02%	1.16%	1.36%	1.57%	1.25%	1.27%	1.51%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSANX and FZROX in my portfolio?

With a correlation of 0.94, FSANX and FZROX 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.

Which is riskier, FSANX or FZROX?

FZROX has higher volatility (5.03%) compared to FSANX (4.33%). In terms of maximum drawdown, FSANX dropped -41.49% vs FZROX's -34.96%.

Which has better risk-adjusted returns?

FSANX currently has the higher Sharpe Ratio (2.06 vs 1.89), 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.