FTAAX vs. BERIX
FTAAX (Fidelity Advisor Asset Manager 30% Fund Class A) and BERIX (Chartwell Income Fund) are both Diversified Portfolio funds. Over the past 10 years, FTAAX returned 5.41%/yr vs 4.74%/yr for BERIX. A 0.80 correlation means they provide meaningful diversification when combined. FTAAX charges 0.83%/yr vs 0.64%/yr for BERIX.
Performance
FTAAX vs. BERIX - Performance Comparison
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Returns By Period
In the year-to-date period, FTAAX achieves a 5.95% return, which is significantly higher than BERIX's 2.36% return. Over the past 10 years, FTAAX has outperformed BERIX with an annualized return of 5.41%, while BERIX has yielded a comparatively lower 4.74% annualized return.
FTAAX
- 1D
- 0.67%
- 1M
- 1.30%
- YTD
- 5.95%
- 6M
- 6.02%
- 1Y
- 13.79%
- 3Y*
- 9.02%
- 5Y*
- 4.19%
- 10Y*
- 5.41%
BERIX
- 1D
- -0.28%
- 1M
- -1.92%
- YTD
- 2.36%
- 6M
- 2.62%
- 1Y
- 10.14%
- 3Y*
- 8.79%
- 5Y*
- 4.29%
- 10Y*
- 4.74%
FTAAX vs. BERIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTAAX Fidelity Advisor Asset Manager 30% Fund Class A | 5.95% | 10.98% | 6.05% | 9.46% | -12.55% | 5.69% | 10.84% | 13.05% | -3.23% | 8.86% |
BERIX Chartwell Income Fund | 2.36% | 13.23% | 7.20% | 7.77% | -10.14% | 7.35% | 4.49% | 9.69% | -0.81% | 3.92% |
Correlation
The correlation between FTAAX and BERIX is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.80 |
Over the past year, the correlation between FTAAX and BERIX has dropped to 0.51 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
FTAAX vs. BERIX — Risk / Return Rank
FTAAX
BERIX
FTAAX vs. BERIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 30% Fund Class A (FTAAX) and Chartwell Income Fund (BERIX). 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.
| FTAAX | BERIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.39 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.03 | +0.14 |
| Martin ratioReturn relative to average drawdown | 13.44 | 11.70 | +1.74 |
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Drawdowns
FTAAX vs. BERIX - Drawdown Comparison
The maximum FTAAX drawdown since its inception was -26.49%, which is greater than BERIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for FTAAX and BERIX.
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Drawdown Indicators
| FTAAX | BERIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.49% | -20.34% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -3.36% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -5.82% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -15.73% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -16.76% | -20.34% | +3.58% |
Current DrawdownCurrent decline from peak | 0.00% | -3.36% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -2.59% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.87% | +0.15% |
Volatility
FTAAX vs. BERIX - Volatility Comparison
Fidelity Advisor Asset Manager 30% Fund Class A (FTAAX) has a higher volatility of 2.52% compared to Chartwell Income Fund (BERIX) at 1.61%. This indicates that FTAAX's price experiences larger fluctuations and is considered to be riskier than BERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTAAX | BERIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 1.61% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 4.45% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 5.11% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 5.98% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.19% | 6.03% | +0.16% |
FTAAX vs. BERIX - Expense Ratio Comparison
FTAAX has a 0.83% expense ratio, which is higher than BERIX's 0.64% expense ratio.
Dividends
FTAAX vs. BERIX - Dividend Comparison
FTAAX's dividend yield for the trailing twelve months is around 2.47%, less than BERIX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BERIX Chartwell Income Fund | 4.15% | 3.97% | 3.90% | 3.36% | 3.54% | 2.58% | 3.07% | 3.03% | 5.83% | 5.22% | 2.76% | 2.45% |
FTAAX Fidelity Advisor Asset Manager 30% Fund Class A | 2.47% | 2.55% | 2.79% | 2.49% | 4.58% | 1.56% | 1.96% | 2.96% | 3.51% | 2.55% | 1.34% | 3.24% |
Frequently Asked Questions
FTAAX and BERIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTAAX has higher volatility (2.52%) compared to BERIX (1.61%). In terms of maximum drawdown, FTAAX dropped -26.49% vs BERIX's -20.34%.
FTAAX currently has the higher Sharpe Ratio (2.35 vs 1.99), 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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