MALVX vs. FFANX
MALVX (BlackRock Advantage Large Cap Value Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - MALVX is a Large Cap Value Equities fund managed by BlackRock, while FFANX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, MALVX returned 13.27%/yr vs 6.99%/yr for FFANX. Their correlation of 0.85 suggests significant overlap in exposure. MALVX charges 0.54%/yr vs 0.52%/yr for FFANX.
Performance
MALVX vs. FFANX - Performance Comparison
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Returns By Period
In the year-to-date period, MALVX achieves a 19.19% return, which is significantly higher than FFANX's 7.45% return. Over the past 10 years, MALVX has outperformed FFANX with an annualized return of 13.27%, while FFANX has yielded a comparatively lower 6.99% annualized return.
MALVX
- 1D
- 0.54%
- 1M
- 4.33%
- YTD
- 19.19%
- 6M
- 18.50%
- 1Y
- 36.19%
- 3Y*
- 21.58%
- 5Y*
- 12.93%
- 10Y*
- 13.27%
FFANX
- 1D
- -0.13%
- 1M
- 1.41%
- YTD
- 7.45%
- 6M
- 7.31%
- 1Y
- 16.42%
- 3Y*
- 11.28%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
MALVX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MALVX BlackRock Advantage Large Cap Value Fund | 19.19% | 18.38% | 15.39% | 13.74% | -8.68% | 26.51% | 3.91% | 24.74% | -7.74% | 15.82% |
FFANX Fidelity Asset Manager 40% Fund | 7.45% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Correlation
The correlation between MALVX and FFANX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.85 |
The correlation between MALVX and FFANX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
MALVX vs. FFANX — Risk / Return Rank
MALVX
FFANX
MALVX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Large Cap Value Fund (MALVX) and Fidelity Asset Manager 40% Fund (FFANX). 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.
| MALVX | FFANX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.47 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | 3.27 | +2.44 |
| Martin ratioReturn relative to average drawdown | 25.85 | 13.95 | +11.90 |
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Drawdowns
MALVX vs. FFANX - Drawdown Comparison
The maximum MALVX drawdown since its inception was -55.21%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for MALVX and FFANX.
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Drawdown Indicators
| MALVX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.21% | -31.69% | -23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -5.20% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -7.55% | -8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -18.52% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -37.12% | -18.52% | -18.60% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -3.79% | -4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.22% | +0.22% |
Volatility
MALVX vs. FFANX - Volatility Comparison
BlackRock Advantage Large Cap Value Fund (MALVX) has a higher volatility of 4.09% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.94%. This indicates that MALVX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MALVX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 2.94% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 6.01% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 7.09% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 7.94% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 7.74% | +9.60% |
MALVX vs. FFANX - Expense Ratio Comparison
MALVX has a 0.54% expense ratio, which is higher than FFANX's 0.52% expense ratio.
Dividends
MALVX vs. FFANX - Dividend Comparison
MALVX's dividend yield for the trailing twelve months is around 7.74%, more than FFANX's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFANX Fidelity Asset Manager 40% Fund | 3.65% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
MALVX BlackRock Advantage Large Cap Value Fund | 7.74% | 9.23% | 14.33% | 2.84% | 5.96% | 17.48% | 1.68% | 3.92% | 12.95% | 0.43% | 1.38% | 1.01% |
Frequently Asked Questions
MALVX and FFANX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MALVX has higher volatility (4.09%) compared to FFANX (2.94%). In terms of maximum drawdown, MALVX dropped -55.21% vs FFANX's -31.69%.
MALVX currently has the higher Sharpe Ratio (3.35 vs 2.40), 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.
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