FTTNX vs. CONWX

Last updated Aug 1, 2026

FTTNX (Fidelity Advisor Asset Manager 30% Fund Class M) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds from BlackRock. Over the past 10 years, FTTNX returned 4.80%/yr vs 8.13%/yr for CONWX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FTTNX charges 1.09%/yr vs 1.41%/yr for CONWX.

Performance

FTTNX vs. CONWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class M (FTTNX) and Concorde Wealth Management Fund (CONWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTTNX achieves a 4.45% return, which is significantly lower than CONWX's 7.66% return. Over the past 10 years, FTTNX has underperformed CONWX with an annualized return of 4.80%, while CONWX has yielded a comparatively higher 8.13% annualized return.

FTTNX

• 1D: 0.76%
• 1M: -0.90%
• 6M: 2.84%
• YTD: 4.45%
• 1Y: 9.88%
• 3Y*: 7.98%
• 5Y*: 3.34%
• 10Y*: 4.80%
• ALL TIME*: 4.21%

CONWX

• 1D: 0.19%
• 1M: 0.73%
• 6M: 3.04%
• YTD: 7.66%
• 1Y: 16.33%
• 3Y*: 11.21%
• 5Y*: 6.58%
• 10Y*: 8.13%
• ALL TIME*: 8.52%

*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)
CONWX Concorde Wealth Management Fund	$0.00	$0.00	$0.00
FTTNX Fidelity Advisor Asset Manager 30% Fund Class M	$0.00	$0.00	$0.00

FTTNX vs. CONWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTTNX Fidelity Advisor Asset Manager 30% Fund Class M	4.45%	10.77%	5.71%	9.23%	-12.73%	5.38%	10.50%	12.88%	-3.47%	8.54%
CONWX Concorde Wealth Management Fund	7.66%	11.95%	13.58%	0.20%	-2.51%	19.73%	8.76%	16.84%	-1.95%	7.17%

Correlation

The correlation between FTTNX and CONWX is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.33
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.67

Over the past year, the correlation between FTTNX and CONWX has dropped to 0.33 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

FTTNX vs. CONWX — Risk / Return Rank

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

FTTNX

FTTNX Risk / Return Rank: 67
FTTNX Sharpe Ratio Rank: 66
FTTNX Sortino Ratio Rank: 66
FTTNX Omega Ratio Rank: 68
FTTNX Calmar Ratio Rank: 65
FTTNX Martin Ratio Rank: 71

CONWX

CONWX Risk / Return Rank: 83
CONWX Sharpe Ratio Rank: 87
CONWX Sortino Ratio Rank: 87
CONWX Omega Ratio Rank: 82
CONWX Calmar Ratio Rank: 91
CONWX Martin Ratio Rank: 67

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.

FTTNX vs. CONWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 30% Fund Class M (FTTNX) and Concorde Wealth Management Fund (CONWX). 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.

	FTTNX	CONWX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.15	-0.53
Sortino ratio: Return per unit of downside risk	2.34	3.15	-0.81
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.23	3.43	-1.20
Martin ratio: Return relative to average drawdown	9.08	8.32	+0.76

FTTNX vs. CONWX - Sharpe Ratio Comparison

The current FTTNX Sharpe Ratio is 1.62, which is comparable to the CONWX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of FTTNX and CONWX, 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

FTTNX vs. CONWX - Drawdown Comparison

The maximum FTTNX drawdown since its inception was -26.77%, roughly equal to the maximum CONWX drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for FTTNX and CONWX.

Drawdown Indicators

	FTTNX	CONWX	Difference
Max Drawdown Largest peak-to-trough decline	-26.77%	-26.09%	-0.68%
Max Drawdown (1Y) Largest decline over 1 year	-4.37%	-4.44%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-6.04%	-9.86%	+3.82%
Max Drawdown (5Y) Largest decline over 5 years	-17.05%	-12.49%	-4.56%
Max Drawdown (10Y) Largest decline over 10 years	-17.05%	-26.09%	+9.04%
Current Drawdown Current decline from peak	-1.34%	-2.50%	+1.16%
Average Drawdown Average peak-to-trough decline	-3.30%	-2.79%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	1.83%	-0.76%

Volatility

FTTNX vs. CONWX - Volatility Comparison

The current volatility for Fidelity Advisor Asset Manager 30% Fund Class M (FTTNX) is 1.75%, while Concorde Wealth Management Fund (CONWX) has a volatility of 1.88%. This indicates that FTTNX experiences smaller price fluctuations and is considered to be less risky than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTTNX	CONWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	1.88%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	5.15%	5.07%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	6.01%	7.07%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	10.15%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	10.99%	-4.78%

FTTNX vs. CONWX - Expense Ratio Comparison

FTTNX has a 1.09% expense ratio, which is lower than CONWX's 1.41% expense ratio.

Dividends

FTTNX vs. CONWX - Dividend Comparison

FTTNX's dividend yield for the trailing twelve months is around 1.99%, less than CONWX's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CONWX Concorde Wealth Management Fund	3.43%	3.69%	10.55%	2.16%	7.85%	3.63%	3.86%	2.16%	5.09%	2.48%	0.00%	0.00%
FTTNX Fidelity Advisor Asset Manager 30% Fund Class M	1.85%	2.36%	2.55%	2.27%	4.32%	1.35%	1.74%	2.71%	3.26%	2.35%	1.12%	2.99%

Frequently Asked Questions

Can I hold both FTTNX and CONWX in my portfolio?

FTTNX and CONWX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTTNX or CONWX?

CONWX has higher volatility (1.88%) compared to FTTNX (1.75%). In terms of maximum drawdown, FTTNX dropped -26.77% vs CONWX's -26.09%.

Which has better risk-adjusted returns?

CONWX currently has the higher Sharpe Ratio (2.15 vs 1.62), 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.