FWATX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) and Fidelity 500 Index Fund (FXAIX).
FWATX is managed by Fidelity. It was launched on Sep 9, 2015. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FWATX vs. FXAIX - Performance Comparison
Loading graphics...
FWATX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWATX Fidelity Advisor Multi-Asset Income Fund Class A | 0.21% | 13.85% | 9.33% | 11.46% | -13.86% | 17.12% | 16.27% | 22.85% | -3.25% | 5.95% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FWATX achieves a 0.21% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FWATX has underperformed FXAIX with an annualized return of 8.41%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
FWATX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.21%
- 6M
- 0.10%
- 1Y
- 16.43%
- 3Y*
- 9.37%
- 5Y*
- 5.63%
- 10Y*
- 8.41%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FWATX vs. FXAIX - Expense Ratio Comparison
FWATX has a 1.05% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FWATX vs. FXAIX — Risk / Return Rank
FWATX
FXAIX
FWATX vs. FXAIX - 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 Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.84 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.96 | 1.30 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.05 | +0.98 |
Martin ratioReturn relative to average drawdown | 7.64 | 5.13 | +2.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FWATX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.84 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.68 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.77 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.75 | +0.11 |
Correlation
The correlation between FWATX and FXAIX is 0.82, 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. FXAIX - Dividend Comparison
FWATX's dividend yield for the trailing twelve months is around 3.27%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWATX Fidelity Advisor Multi-Asset Income Fund Class A | 3.27% | 3.53% | 3.28% | 3.97% | 3.52% | 2.73% | 3.18% | 2.60% | 2.71% | 3.09% | 8.02% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FWATX vs. FXAIX - Drawdown Comparison
The maximum FWATX drawdown since its inception was -21.66%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FWATX and FXAIX.
Loading graphics...
Drawdown Indicators
| FWATX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.66% | -33.79% | +12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -12.13% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | -24.50% | +6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -21.66% | -33.79% | +12.13% |
Current DrawdownCurrent decline from peak | -6.48% | -8.89% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -3.83% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.50% | -0.41% |
Volatility
FWATX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor Multi-Asset Income Fund Class A (FWATX) is 3.93%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.24%. This indicates that FWATX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FWATX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 4.24% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 9.08% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 18.13% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 16.88% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.78% | 18.03% | -8.25% |