FSNIX vs. BDJ

Last updated Jul 3, 2026

FSNIX (Fidelity Advisor Asset Manager 60% Fund Class I) and BDJ (BlackRock Enhanced Equity Dividend Fund) are both mutual funds - FSNIX is a Diversified Portfolio fund managed by BlackRock, while BDJ is a Derivative Income fund managed by BlackRock. Over the past 10 years, FSNIX returned 8.71%/yr vs 10.53%/yr for BDJ. A 0.69 correlation means they provide meaningful diversification when combined. FSNIX charges 0.75%/yr vs 0.86%/yr for BDJ.

Performance

FSNIX vs. BDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 60% Fund Class I (FSNIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSNIX achieves a 9.67% return, which is significantly higher than BDJ's 5.97% return. Over the past 10 years, FSNIX has underperformed BDJ with an annualized return of 8.71%, while BDJ has yielded a comparatively higher 10.53% annualized return.

FSNIX

• 1D: -0.64%
• 1M: -0.64%
• 6M: 9.67%
• YTD: 9.67%
• 1Y: 18.53%
• 3Y*: 13.83%
• 5Y*: 6.71%
• 10Y*: 8.71%

BDJ

• 1D: 0.84%
• 1M: 5.94%
• 6M: 5.97%
• YTD: 5.97%
• 1Y: 18.52%
• 3Y*: 14.80%
• 5Y*: 8.48%
• 10Y*: 10.53%

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

FSNIX vs. BDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSNIX Fidelity Advisor Asset Manager 60% Fund Class I	9.67%	16.52%	9.42%	14.74%	-16.29%	11.83%	15.99%	20.66%	-6.63%	15.03%
BDJ BlackRock Enhanced Equity Dividend Fund	5.97%	26.12%	16.87%	-6.67%	0.83%	26.56%	-7.58%	37.43%	-10.42%	20.78%

Correlation

The correlation between FSNIX and BDJ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007	0.69

The correlation between FSNIX and BDJ has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

FSNIX vs. BDJ — Risk / Return Rank

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

FSNIX

FSNIX Risk / Return Rank: 72
FSNIX Sharpe Ratio Rank: 71
FSNIX Sortino Ratio Rank: 69
FSNIX Omega Ratio Rank: 71
FSNIX Calmar Ratio Rank: 71
FSNIX Martin Ratio Rank: 77

BDJ

BDJ Risk / Return Rank: 35
BDJ Sharpe Ratio Rank: 42
BDJ Sortino Ratio Rank: 41
BDJ Omega Ratio Rank: 38
BDJ Calmar Ratio Rank: 27
BDJ Martin Ratio Rank: 30

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.

FSNIX vs. BDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 60% Fund Class I (FSNIX) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.

	FSNIX	BDJ	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.52	+0.39
Sortino ratio: Return per unit of downside risk	2.67	2.17	+0.50
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	2.64	1.51	+1.13
Martin ratio: Return relative to average drawdown	11.28	5.51	+5.77

FSNIX vs. BDJ - Sharpe Ratio Comparison

The current FSNIX Sharpe Ratio is 1.91, which is comparable to the BDJ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of FSNIX and BDJ, 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

FSNIX vs. BDJ - Drawdown Comparison

The maximum FSNIX drawdown since its inception was -41.49%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for FSNIX and BDJ.

Drawdown Indicators

	FSNIX	BDJ	Difference
Max Drawdown Largest peak-to-trough decline	-41.49%	-59.46%	+17.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-12.28%	+5.13%
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	-15.70%	+4.71%
Max Drawdown (5Y) Largest decline over 5 years	-22.45%	-21.39%	-1.06%
Max Drawdown (10Y) Largest decline over 10 years	-24.40%	-48.14%	+23.74%
Current Drawdown Current decline from peak	-0.69%	0.00%	-0.69%
Average Drawdown Average peak-to-trough decline	-5.43%	-8.93%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	3.37%	-1.70%

Volatility

FSNIX vs. BDJ - Volatility Comparison

Fidelity Advisor Asset Manager 60% Fund Class I (FSNIX) has a higher volatility of 4.36% compared to BlackRock Enhanced Equity Dividend Fund (BDJ) at 3.64%. This indicates that FSNIX's price experiences larger fluctuations and is considered to be riskier than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSNIX	BDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	3.64%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	9.50%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	12.23%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.93%	16.12%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.98%	18.39%	-7.41%

FSNIX vs. BDJ - Expense Ratio Comparison

FSNIX has a 0.75% expense ratio, which is lower than BDJ's 0.86% expense ratio.

Dividends

FSNIX vs. BDJ - Dividend Comparison

FSNIX's dividend yield for the trailing twelve months is around 5.26%, less than BDJ's 8.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDJ BlackRock Enhanced Equity Dividend Fund	8.87%	9.03%	8.21%	9.49%	12.18%	5.95%	7.08%	6.66%	7.21%	6.07%	6.88%	7.36%
FSNIX Fidelity Advisor Asset Manager 60% Fund Class I	5.26%	5.76%	3.30%	1.87%	4.38%	2.50%	1.83%	4.09%	4.39%	1.77%	0.20%	4.07%

Frequently Asked Questions

Can I hold both FSNIX and BDJ in my portfolio?

FSNIX and BDJ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSNIX or BDJ?

FSNIX has higher volatility (4.36%) compared to BDJ (3.64%). In terms of maximum drawdown, FSNIX dropped -41.49% vs BDJ's -59.46%.

Which has better risk-adjusted returns?

FSNIX currently has the higher Sharpe Ratio (1.91 vs 1.52), 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.