FSCNX vs. LIVIX

Last updated Jun 4, 2026

FSCNX (Fidelity Advisor Asset Manager 60% Fund Class C) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - FSCNX is a Diversified Portfolio fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, FSCNX returned 7.90%/yr vs 12.04%/yr for LIVIX. With a 0.97 correlation, they move nearly in lockstep. FSCNX charges 1.78%/yr vs 0.10%/yr for LIVIX.

Performance

FSCNX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 60% Fund Class C (FSCNX) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSCNX achieves a 9.92% return, which is significantly lower than LIVIX's 13.10% return. Over the past 10 years, FSCNX has underperformed LIVIX with an annualized return of 7.90%, while LIVIX has yielded a comparatively higher 12.04% annualized return.

FSCNX

• 1D: 0.44%
• 1M: 3.78%
• YTD: 9.92%
• 6M: 10.58%
• 1Y: 22.21%
• 3Y*: 13.50%
• 5Y*: 6.20%
• 10Y*: 7.90%

LIVIX

• 1D: 0.47%
• 1M: 5.62%
• YTD: 13.10%
• 6M: 13.99%
• 1Y: 29.98%
• 3Y*: 19.96%
• 5Y*: 10.51%
• 10Y*: 12.04%

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

FSCNX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSCNX Fidelity Advisor Asset Manager 60% Fund Class C	9.92%	15.36%	8.35%	13.51%	-17.12%	10.69%	14.85%	19.32%	-7.54%	14.93%
LIVIX BlackRock LifePath Index 2055 Fund	13.10%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between FSCNX and LIVIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011	0.97

The correlation between FSCNX and LIVIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

FSCNX vs. LIVIX — Risk / Return Rank

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

FSCNX

FSCNX Risk / Return Rank: 70
FSCNX Sharpe Ratio Rank: 72
FSCNX Sortino Ratio Rank: 70
FSCNX Omega Ratio Rank: 70
FSCNX Calmar Ratio Rank: 65
FSCNX Martin Ratio Rank: 72

LIVIX

LIVIX Risk / Return Rank: 69
LIVIX Sharpe Ratio Rank: 70
LIVIX Sortino Ratio Rank: 65
LIVIX Omega Ratio Rank: 62
LIVIX Calmar Ratio Rank: 70
LIVIX Martin Ratio Rank: 76

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.

FSCNX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 60% Fund Class C (FSCNX) and BlackRock LifePath Index 2055 Fund (LIVIX). 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.

	FSCNX	LIVIX	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.43	+0.03
Sortino ratio Return per unit of downside risk	3.48	3.37	+0.11
Omega ratio Gain probability vs. loss probability	1.47	1.44	+0.03
Calmar ratio Return relative to maximum drawdown	3.13	3.22	-0.10
Martin ratio Return relative to average drawdown	13.71	14.29	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSCNX vs. LIVIX - Sharpe Ratio Comparison

The current FSCNX Sharpe Ratio is 2.46, which is comparable to the LIVIX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of FSCNX and LIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSCNX	LIVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.43	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.67	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.72	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.64	-0.18

Drawdowns

FSCNX vs. LIVIX - Drawdown Comparison

The maximum FSCNX drawdown since its inception was -42.29%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for FSCNX and LIVIX.

Drawdown Indicators

	FSCNX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	-34.44%	-7.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-9.44%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-11.20%	-17.39%	+6.19%
Max Drawdown (5Y) Largest decline over 5 years	-23.16%	-26.45%	+3.29%
Max Drawdown (10Y) Largest decline over 10 years	-24.47%	-34.44%	+9.97%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.00%	-4.52%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	2.13%	-0.49%

Volatility

FSCNX vs. LIVIX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 60% Fund Class C (FSCNX) is 3.01%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 3.86%. This indicates that FSCNX experiences smaller price fluctuations and is considered to be less risky than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCNX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	3.86%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	10.06%	-2.59%
Volatility (1Y) Calculated over the trailing 1-year period	9.13%	12.54%	-3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.80%	15.84%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.96%	16.72%	-5.76%

FSCNX vs. LIVIX - Expense Ratio Comparison

FSCNX has a 1.78% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

FSCNX vs. LIVIX - Dividend Comparison

FSCNX's dividend yield for the trailing twelve months is around 4.40%, more than LIVIX's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSCNX Fidelity Advisor Asset Manager 60% Fund Class C	4.40%	4.83%	2.17%	0.85%	3.16%	1.48%	0.87%	3.07%	3.50%	1.81%	0.20%	3.10%
LIVIX BlackRock LifePath Index 2055 Fund	2.19%	2.48%	0.01%	2.04%	1.96%	2.04%	1.56%	2.95%	2.35%	2.27%	1.54%	2.88%

Frequently Asked Questions

Can I hold both FSCNX and LIVIX in my portfolio?

With a correlation of 0.98, FSCNX and LIVIX 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, FSCNX or LIVIX?

LIVIX has higher volatility (3.86%) compared to FSCNX (3.01%). In terms of maximum drawdown, FSCNX dropped -42.29% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

FSCNX currently has the higher Sharpe Ratio (2.46 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.