FSATX vs. FDVV
FSATX (Fidelity Advisor Asset Manager 60% Fund Class M) and FDVV (Fidelity High Dividend ETF) are both funds - FSATX is a Diversified Portfolio fund managed by BlackRock, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, FSATX returned 5.95%/yr vs 14.17%/yr for FDVV. Their correlation of 0.83 means they have usually moved in the same direction. FSATX charges 1.25%/yr vs 0.29%/yr for FDVV.
Performance
FSATX vs. FDVV - Performance Comparison
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Returns By Period
In the year-to-date period, FSATX achieves a 8.53% return, which is significantly lower than FDVV's 12.19% return.
FSATX
- 1D
- 1.50%
- 1M
- -0.76%
- 6M
- 5.71%
- YTD
- 8.53%
- 1Y
- 17.29%
- 3Y*
- 12.18%
- 5Y*
- 5.95%
- 10Y*
- 7.95%
- ALL TIME*
- 6.02%
FDVV
- 1D
- -0.35%
- 1M
- 2.09%
- 6M
- 9.39%
- YTD
- 12.19%
- 1Y
- 21.53%
- 3Y*
- 18.35%
- 5Y*
- 14.17%
- 10Y*
- —
- ALL TIME*
- 13.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.25M | $48.28M | $45.73M | |
| $0.00 | $0.00 | $0.00 |
FSATX vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSATX Fidelity Advisor Asset Manager 60% Fund Class M | 8.53% | 15.89% | 8.90% | 14.20% | -16.71% | 11.24% | 15.43% | 19.93% | -7.11% | 15.06% |
FDVV Fidelity High Dividend ETF | 12.19% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Correlation
The correlation between FSATX and FDVV is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.83 |
The correlation between FSATX and FDVV shifts across timeframes, from 0.71 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSATX vs. FDVV — Risk / Return Rank
FSATX
FDVV
FSATX vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 60% Fund Class M (FSATX) and Fidelity High Dividend ETF (FDVV). 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.
| FSATX | FDVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.21 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.40 | 9.10 | +0.30 |
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Drawdowns
FSATX vs. FDVV - Drawdown Comparison
The maximum FSATX drawdown since its inception was -41.95%, roughly equal to the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FSATX and FDVV.
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Drawdown Indicators
| FSATX | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.95% | -40.25% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -9.30% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -15.90% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -20.18% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -24.42% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.12% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -3.76% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.26% | -0.54% |
Volatility
FSATX vs. FDVV - Volatility Comparison
Fidelity Advisor Asset Manager 60% Fund Class M (FSATX) and Fidelity High Dividend ETF (FDVV) have volatilities of 2.98% and 3.04%, 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
| FSATX | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 3.04% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 8.35% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.18% | 10.37% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 14.68% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.99% | 16.91% | -5.92% |
FSATX vs. FDVV - Expense Ratio Comparison
FSATX has a 1.25% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Dividends
FSATX vs. FDVV - Dividend Comparison
FSATX's dividend yield for the trailing twelve months is around 4.92%, more than FDVV's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.76% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
FSATX Fidelity Advisor Asset Manager 60% Fund Class M | 4.92% | 5.34% | 2.74% | 1.42% | 3.88% | 2.01% | 1.37% | 3.59% | 3.94% | 1.79% | 0.20% | 3.56% |
Frequently Asked Questions
FSATX and FDVV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVV has higher volatility (3.04%) compared to FSATX (2.98%). In terms of maximum drawdown, FSATX dropped -41.95% vs FDVV's -40.25%.
FDVV currently has the higher Sharpe Ratio (1.99 vs 1.60), 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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