FWATX vs. AAAAX
Compare and contrast key facts about Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) and DWS RREEF Real Assets Fund - Class A (AAAAX).
FWATX is managed by Fidelity. It was launched on Sep 9, 2015. AAAAX is managed by DWS. It was launched on Jul 30, 2007.
Performance
FWATX vs. AAAAX - Performance Comparison
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FWATX vs. AAAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWATX Fidelity Advisor Multi-Asset Income Fund Class A | 1.70% | 13.85% | 9.33% | 11.46% | -13.86% | 17.12% | 16.27% | 22.85% | -3.25% | 5.95% |
AAAAX DWS RREEF Real Assets Fund - Class A | 9.77% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
Returns By Period
In the year-to-date period, FWATX achieves a 1.70% return, which is significantly lower than AAAAX's 9.77% return. Over the past 10 years, FWATX has outperformed AAAAX with an annualized return of 8.57%, while AAAAX has yielded a comparatively lower 7.40% annualized return.
FWATX
- 1D
- 1.49%
- 1M
- -5.08%
- YTD
- 1.70%
- 6M
- 1.20%
- 1Y
- 17.48%
- 3Y*
- 9.91%
- 5Y*
- 5.71%
- 10Y*
- 8.57%
AAAAX
- 1D
- 1.09%
- 1M
- -3.53%
- YTD
- 9.77%
- 6M
- 11.84%
- 1Y
- 17.50%
- 3Y*
- 10.19%
- 5Y*
- 6.78%
- 10Y*
- 7.40%
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FWATX vs. AAAAX - Expense Ratio Comparison
FWATX has a 1.05% expense ratio, which is lower than AAAAX's 1.22% expense ratio.
Return for Risk
FWATX vs. AAAAX — Risk / Return Rank
FWATX
AAAAX
FWATX vs. AAAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) and DWS RREEF Real Assets Fund - Class A (AAAAX). 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.
| FWATX | AAAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 1.57 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.11 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.91 | +0.44 |
Martin ratioReturn relative to average drawdown | 8.73 | 10.22 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FWATX | AAAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.57 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.59 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.38 | +0.49 |
Correlation
The correlation between FWATX and AAAAX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FWATX vs. AAAAX - Dividend Comparison
FWATX's dividend yield for the trailing twelve months is around 3.22%, which matches AAAAX's 3.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWATX Fidelity Advisor Multi-Asset Income Fund Class A | 3.22% | 3.53% | 3.28% | 3.97% | 3.52% | 2.73% | 3.18% | 2.60% | 2.71% | 3.09% | 8.02% | 0.00% |
AAAAX DWS RREEF Real Assets Fund - Class A | 3.23% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
Drawdowns
FWATX vs. AAAAX - Drawdown Comparison
The maximum FWATX drawdown since its inception was -21.66%, smaller than the maximum AAAAX drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for FWATX and AAAAX.
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Drawdown Indicators
| FWATX | AAAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.66% | -40.47% | +18.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -9.55% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | -22.62% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -21.66% | -29.41% | +7.75% |
Current DrawdownCurrent decline from peak | -5.08% | -3.53% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -6.89% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.79% | +0.33% |
Volatility
FWATX vs. AAAAX - Volatility Comparison
Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) has a higher volatility of 4.28% compared to DWS RREEF Real Assets Fund - Class A (AAAAX) at 3.27%. This indicates that FWATX's price experiences larger fluctuations and is considered to be riskier than AAAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWATX | AAAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 3.27% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 7.26% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 11.62% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.79% | 12.19% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.79% | 12.66% | -2.87% |