IYLD vs. FMSDX
Compare and contrast key facts about iShares Morningstar Multi-Asset Income ETF (IYLD) and Fidelity Multi-Asset Income Fund (FMSDX).
IYLD is a passively managed fund by iShares that tracks the performance of the Morningstar Multi-Asset High Income Index. It was launched on Apr 5, 2012. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Performance
IYLD vs. FMSDX - Performance Comparison
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IYLD vs. FMSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 1.98% | 15.44% | 2.00% | 12.55% | -16.80% | 3.37% | -1.18% | 15.82% | -2.83% |
FMSDX Fidelity Multi-Asset Income Fund | 0.32% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
Returns By Period
In the year-to-date period, IYLD achieves a 1.98% return, which is significantly higher than FMSDX's 0.32% return.
IYLD
- 1D
- 1.07%
- 1M
- -2.98%
- YTD
- 1.98%
- 6M
- 4.60%
- 1Y
- 13.49%
- 3Y*
- 9.83%
- 5Y*
- 3.40%
- 10Y*
- 3.99%
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
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IYLD vs. FMSDX - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is lower than FMSDX's 0.78% expense ratio.
Return for Risk
IYLD vs. FMSDX — Risk / Return Rank
IYLD
FMSDX
IYLD vs. FMSDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and Fidelity Multi-Asset Income Fund (FMSDX). 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.
| IYLD | FMSDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.46 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.72 | 1.99 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.06 | +0.83 |
Martin ratioReturn relative to average drawdown | 11.00 | 7.80 | +3.20 |
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
| IYLD | FMSDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.46 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.61 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.84 | -0.36 |
Correlation
The correlation between IYLD and FMSDX is 0.73, 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
IYLD vs. FMSDX - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.61%, more than FMSDX's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.61% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
FMSDX Fidelity Multi-Asset Income Fund | 3.53% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
IYLD vs. FMSDX - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for IYLD and FMSDX.
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Drawdown Indicators
| IYLD | FMSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -21.64% | -8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -7.94% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | -18.12% | -4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | — | — |
Current DrawdownCurrent decline from peak | -3.36% | -6.47% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -3.87% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.09% | -0.87% |
Volatility
IYLD vs. FMSDX - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 2.83%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 3.94%. This indicates that IYLD experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYLD | FMSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 3.94% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 8.00% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.79% | 11.87% | -5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.84% | 9.75% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 10.61% | -1.05% |