FTAAX vs. WFSPX

Last updated Jun 3, 2026

FTAAX (Fidelity Advisor Asset Manager 30% Fund Class A) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - FTAAX is a Diversified Portfolio fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FTAAX returned 5.36%/yr vs 15.53%/yr for WFSPX. Their correlation of 0.85 suggests significant overlap in exposure. FTAAX charges 0.83%/yr vs 0.03%/yr for WFSPX.

Performance

FTAAX vs. WFSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class A (FTAAX) and iShares S&P 500 Index Fund (WFSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTAAX achieves a 5.61% return, which is significantly lower than WFSPX's 11.54% return. Over the past 10 years, FTAAX has underperformed WFSPX with an annualized return of 5.36%, while WFSPX has yielded a comparatively higher 15.53% annualized return.

FTAAX

• 1D: 0.15%
• 1M: 1.66%
• YTD: 5.61%
• 6M: 6.25%
• 1Y: 14.20%
• 3Y*: 9.26%
• 5Y*: 4.11%
• 10Y*: 5.36%

WFSPX

• 1D: 0.27%
• 1M: 5.23%
• YTD: 11.54%
• 6M: 11.91%
• 1Y: 29.51%
• 3Y*: 22.66%
• 5Y*: 14.13%
• 10Y*: 15.53%

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

FTAAX vs. WFSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTAAX Fidelity Advisor Asset Manager 30% Fund Class A	5.61%	10.98%	6.05%	9.46%	-12.55%	5.69%	10.84%	13.05%	-3.23%	8.86%
WFSPX iShares S&P 500 Index Fund	11.54%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	31.45%	-4.83%	21.27%

Correlation

The correlation between FTAAX and WFSPX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 12, 2007	0.85

The correlation between FTAAX and WFSPX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

FTAAX vs. WFSPX — Risk / Return Rank

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

FTAAX

FTAAX Risk / Return Rank: 78
FTAAX Sharpe Ratio Rank: 82
FTAAX Sortino Ratio Rank: 81
FTAAX Omega Ratio Rank: 81
FTAAX Calmar Ratio Rank: 71
FTAAX Martin Ratio Rank: 76

WFSPX

WFSPX Risk / Return Rank: 74
WFSPX Sharpe Ratio Rank: 77
WFSPX Sortino Ratio Rank: 69
WFSPX Omega Ratio Rank: 69
WFSPX Calmar Ratio Rank: 74
WFSPX Martin Ratio Rank: 83

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.

FTAAX vs. WFSPX - 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 iShares S&P 500 Index Fund (WFSPX). 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.

	FTAAX	WFSPX	Difference
Sharpe ratio Return per unit of total volatility	2.63	2.55	+0.09
Sortino ratio Return per unit of downside risk	3.83	3.46	+0.37
Omega ratio Gain probability vs. loss probability	1.53	1.46	+0.07
Calmar ratio Return relative to maximum drawdown	3.29	3.38	-0.08
Martin ratio Return relative to average drawdown	14.28	15.81	-1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTAAX vs. WFSPX - Sharpe Ratio Comparison

The current FTAAX Sharpe Ratio is 2.63, which is comparable to the WFSPX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of FTAAX and WFSPX, 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

	FTAAX	WFSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.55	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.84	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.86	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.13	+0.58

Drawdowns

FTAAX vs. WFSPX - Drawdown Comparison

The maximum FTAAX drawdown since its inception was -26.49%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FTAAX and WFSPX.

Drawdown Indicators

	FTAAX	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	-58.21%	+31.72%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-8.90%	+4.56%
Max Drawdown (3Y) Largest decline over 3 years	-6.02%	-18.74%	+12.72%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	-24.51%	+7.75%
Max Drawdown (10Y) Largest decline over 10 years	-16.76%	-33.74%	+16.98%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.20%	-12.78%	+9.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	1.90%	-0.90%

Volatility

FTAAX vs. WFSPX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class A (FTAAX) is 1.92%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 2.82%. This indicates that FTAAX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTAAX	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	2.82%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	4.50%	8.98%	-4.48%
Volatility (1Y) Calculated over the trailing 1-year period	5.46%	11.88%	-6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	16.88%	-10.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.16%	18.02%	-11.86%

FTAAX vs. WFSPX - Expense Ratio Comparison

FTAAX has a 0.83% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

FTAAX vs. WFSPX - Dividend Comparison

FTAAX's dividend yield for the trailing twelve months is around 2.48%, more than WFSPX's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAAX Fidelity Advisor Asset Manager 30% Fund Class A	2.48%	2.55%	2.79%	2.49%	4.58%	1.56%	1.96%	2.96%	3.51%	2.55%	1.34%	3.24%
WFSPX iShares S&P 500 Index Fund	1.57%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

Can I hold both FTAAX and WFSPX in my portfolio?

FTAAX and WFSPX 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, FTAAX or WFSPX?

WFSPX has higher volatility (2.82%) compared to FTAAX (1.92%). In terms of maximum drawdown, FTAAX dropped -26.49% vs WFSPX's -58.21%.

Which has better risk-adjusted returns?

FTAAX currently has the higher Sharpe Ratio (2.63 vs 2.55), 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.