FSNIX vs. SMIFX

Last updated Aug 1, 2026

FSNIX (Fidelity Advisor Asset Manager 60% Fund Class I) and SMIFX (Sound Mind Investing Fund) are both Diversified Portfolio funds. Over the past 10 years, FSNIX returned 8.39%/yr vs 8.51%/yr for SMIFX. Their correlation of 0.90 means they have usually moved in the same direction. FSNIX charges 0.75%/yr vs 1.19%/yr for SMIFX.

Performance

FSNIX vs. SMIFX - 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 Sound Mind Investing Fund (SMIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSNIX achieves a 8.79% return, which is significantly lower than SMIFX's 9.83% return. Both investments have delivered pretty close results over the past 10 years, with FSNIX having a 8.39% annualized return and SMIFX not far ahead at 8.51%.

FSNIX

• 1D: 1.48%
• 1M: -0.75%
• 6M: 5.93%
• YTD: 8.79%
• 1Y: 17.79%
• 3Y*: 12.73%
• 5Y*: 6.46%
• 10Y*: 8.39%
• ALL TIME*: 6.52%

SMIFX

• 1D: 1.92%
• 1M: -2.84%
• 6M: 2.61%
• YTD: 9.83%
• 1Y: 14.46%
• 3Y*: 9.27%
• 5Y*: 5.36%
• 10Y*: 8.51%
• ALL TIME*: 6.63%

*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)
FSNIX Fidelity Advisor Asset Manager 60% Fund Class I	$0.00	$0.00	$0.00
SMIFX Sound Mind Investing Fund	$0.00	$0.00	$0.00

FSNIX vs. SMIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSNIX Fidelity Advisor Asset Manager 60% Fund Class I	8.79%	16.52%	9.42%	14.74%	-16.29%	11.83%	15.99%	20.66%	-6.63%	15.03%
SMIFX Sound Mind Investing Fund	9.83%	3.16%	16.65%	5.17%	-8.93%	11.15%	20.76%	19.28%	-8.56%	17.49%

Correlation

The correlation between FSNIX and SMIFX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007	0.90

The correlation between FSNIX and SMIFX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

FSNIX vs. SMIFX — Risk / Return Rank

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

FSNIX

FSNIX Risk / Return Rank: 69
FSNIX Sharpe Ratio Rank: 66
FSNIX Sortino Ratio Rank: 65
FSNIX Omega Ratio Rank: 66
FSNIX Calmar Ratio Rank: 68
FSNIX Martin Ratio Rank: 77

SMIFX

SMIFX Risk / Return Rank: 30
SMIFX Sharpe Ratio Rank: 28
SMIFX Sortino Ratio Rank: 26
SMIFX Omega Ratio Rank: 27
SMIFX Calmar Ratio Rank: 37
SMIFX Martin Ratio Rank: 31

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.

FSNIX vs. SMIFX - 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 Sound Mind Investing Fund (SMIFX). 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	SMIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.97	+0.68
Sortino ratio: Return per unit of downside risk	2.34	1.37	+0.97
Omega ratio: Gain probability vs. loss probability	1.30	1.18	+0.13
Calmar ratio: Return relative to maximum drawdown	2.35	1.60	+0.75
Martin ratio: Return relative to average drawdown	9.82	4.65	+5.17

FSNIX vs. SMIFX - Sharpe Ratio Comparison

The current FSNIX Sharpe Ratio is 1.65, which is higher than the SMIFX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FSNIX and SMIFX, 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. SMIFX - Drawdown Comparison

The maximum FSNIX drawdown since its inception was -41.49%, smaller than the maximum SMIFX drawdown of -54.33%. Use the drawdown chart below to compare losses from any high point for FSNIX and SMIFX.

Drawdown Indicators

	FSNIX	SMIFX	Difference
Max Drawdown Largest peak-to-trough decline	-41.49%	-54.33%	+12.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-8.04%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	-19.98%	+8.99%
Max Drawdown (5Y) Largest decline over 5 years	-22.45%	-41.36%	+18.91%
Max Drawdown (10Y) Largest decline over 10 years	-24.40%	-41.36%	+16.96%
Current Drawdown Current decline from peak	-1.54%	-14.24%	+12.70%
Average Drawdown Average peak-to-trough decline	-5.41%	-14.26%	+8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.77%	-1.06%

Volatility

FSNIX vs. SMIFX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 60% Fund Class I (FSNIX) is 2.95%, while Sound Mind Investing Fund (SMIFX) has a volatility of 4.72%. This indicates that FSNIX experiences smaller price fluctuations and is considered to be less risky than SMIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSNIX	SMIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	4.72%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	8.68%	10.88%	-2.20%
Volatility (1Y) Calculated over the trailing 1-year period	10.21%	13.39%	-3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.97%	29.08%	-18.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	24.21%	-13.20%

FSNIX vs. SMIFX - Expense Ratio Comparison

FSNIX has a 0.75% expense ratio, which is lower than SMIFX's 1.19% expense ratio.

Dividends

FSNIX vs. SMIFX - Dividend Comparison

FSNIX's dividend yield for the trailing twelve months is around 5.30%, more than SMIFX's 4.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSNIX Fidelity Advisor Asset Manager 60% Fund Class I	5.30%	5.76%	3.30%	1.87%	4.38%	2.50%	1.83%	4.09%	4.39%	1.77%	0.20%	4.07%
SMIFX Sound Mind Investing Fund	4.85%	5.33%	1.28%	1.73%	0.97%	46.86%	0.00%	0.48%	26.02%	10.06%	0.00%	14.94%

Frequently Asked Questions

Can I hold both FSNIX and SMIFX in my portfolio?

FSNIX and SMIFX have a correlation of 0.87, 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 SMIFX?

SMIFX has higher volatility (4.72%) compared to FSNIX (2.95%). In terms of maximum drawdown, FSNIX dropped -41.49% vs SMIFX's -54.33%.

Which has better risk-adjusted returns?

FSNIX currently has the higher Sharpe Ratio (1.65 vs 0.97), 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.