MANLX vs. FASGX
Compare and contrast key facts about BlackRock National Municipal Fund (MANLX) and Fidelity Asset Manager 70% Fund (FASGX).
MANLX is managed by BlackRock. It was launched on Nov 1, 1979. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.
Performance
MANLX vs. FASGX - Performance Comparison
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MANLX vs. FASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MANLX BlackRock National Municipal Fund | -0.26% | 4.54% | 2.49% | 5.94% | -10.89% | 2.27% | 4.28% | 7.50% | 0.61% | 5.42% |
FASGX Fidelity Asset Manager 70% Fund | -0.70% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Returns By Period
In the year-to-date period, MANLX achieves a -0.26% return, which is significantly higher than FASGX's -0.70% return. Over the past 10 years, MANLX has underperformed FASGX with an annualized return of 1.98%, while FASGX has yielded a comparatively higher 8.96% annualized return.
MANLX
- 1D
- 0.20%
- 1M
- -2.17%
- YTD
- -0.26%
- 6M
- 1.11%
- 1Y
- 3.43%
- 3Y*
- 3.32%
- 5Y*
- 0.60%
- 10Y*
- 1.98%
FASGX
- 1D
- 2.36%
- 1M
- -4.75%
- YTD
- -0.70%
- 6M
- 1.92%
- 1Y
- 17.75%
- 3Y*
- 12.59%
- 5Y*
- 6.64%
- 10Y*
- 8.96%
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MANLX vs. FASGX - Expense Ratio Comparison
MANLX has a 0.44% expense ratio, which is lower than FASGX's 0.67% expense ratio.
Return for Risk
MANLX vs. FASGX — Risk / Return Rank
MANLX
FASGX
MANLX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock National Municipal Fund (MANLX) and Fidelity Asset Manager 70% Fund (FASGX). 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.
| MANLX | FASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 1.41 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.94 | 2.01 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.00 | -1.04 |
Martin ratioReturn relative to average drawdown | 3.47 | 8.74 | -5.27 |
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
| MANLX | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.41 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.55 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.60 | +0.20 |
Correlation
The correlation between MANLX and FASGX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MANLX vs. FASGX - Dividend Comparison
MANLX's dividend yield for the trailing twelve months is around 3.87%, less than FASGX's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MANLX BlackRock National Municipal Fund | 3.87% | 4.99% | 4.06% | 2.93% | 2.07% | 2.25% | 2.09% | 2.89% | 3.12% | 3.13% | 3.07% | 3.36% |
FASGX Fidelity Asset Manager 70% Fund | 7.39% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
Drawdowns
MANLX vs. FASGX - Drawdown Comparison
The maximum MANLX drawdown since its inception was -23.54%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for MANLX and FASGX.
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Drawdown Indicators
| MANLX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.54% | -47.35% | +23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -9.07% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.51% | -23.54% | +7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -16.51% | -27.20% | +10.69% |
Current DrawdownCurrent decline from peak | -2.37% | -5.77% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -6.74% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.07% | -0.78% |
Volatility
MANLX vs. FASGX - Volatility Comparison
The current volatility for BlackRock National Municipal Fund (MANLX) is 0.95%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 5.30%. This indicates that MANLX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MANLX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 5.30% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 8.12% | -6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 13.00% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 12.18% | -8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.98% | 12.58% | -8.60% |