MQY vs. FAMRX
MQY (BlackRock MuniYield Quality Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - MQY is a Municipal Bonds fund actively managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, MQY returned 1.34%/yr vs 11.84%/yr for FAMRX. At a 0.14 correlation, their price movements are largely independent. MQY charges 2.07%/yr vs 0.70%/yr for FAMRX.
Performance
MQY vs. FAMRX - Performance Comparison
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Returns By Period
In the year-to-date period, MQY achieves a 4.35% return, which is significantly lower than FAMRX's 14.24% return. Over the past 10 years, MQY has underperformed FAMRX with an annualized return of 1.34%, while FAMRX has yielded a comparatively higher 11.84% annualized return.
MQY
- 1D
- 0.00%
- 1M
- 3.03%
- YTD
- 4.35%
- 6M
- 4.26%
- 1Y
- 11.33%
- 3Y*
- 5.88%
- 5Y*
- -2.19%
- 10Y*
- 1.34%
FAMRX
- 1D
- 1.41%
- 1M
- 2.49%
- YTD
- 14.24%
- 6M
- 14.33%
- 1Y
- 30.85%
- 3Y*
- 18.17%
- 5Y*
- 10.08%
- 10Y*
- 11.84%
MQY vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MQY BlackRock MuniYield Quality Fund | 4.35% | 4.28% | -0.06% | 10.20% | -24.23% | 2.67% | 14.65% | 20.89% | -10.12% | 8.98% |
FAMRX Fidelity Asset Manager 85% Fund | 14.24% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between MQY and FAMRX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999 | 0.14 |
Over the past year, MQY and FAMRX have become more correlated (0.35) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
MQY vs. FAMRX — Risk / Return Rank
MQY
FAMRX
MQY vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock MuniYield Quality Fund (MQY) and Fidelity Asset Manager 85% Fund (FAMRX). 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.
| MQY | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.27 | -1.87 |
| Martin ratioReturn relative to average drawdown | 4.35 | 14.19 | -9.84 |
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Drawdowns
MQY vs. FAMRX - Drawdown Comparison
The maximum MQY drawdown since its inception was -41.67%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for MQY and FAMRX.
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Drawdown Indicators
| MQY | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -58.65% | +16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -9.33% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -15.35% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -35.44% | -26.00% | -9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | -30.96% | -5.01% |
Current DrawdownCurrent decline from peak | -13.12% | 0.00% | -13.12% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -12.30% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.15% | +0.46% |
Volatility
MQY vs. FAMRX - Volatility Comparison
The current volatility for BlackRock MuniYield Quality Fund (MQY) is 2.92%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.49%. This indicates that MQY experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MQY | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 5.49% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 11.02% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 13.11% | -3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.21% | 14.79% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 15.33% | -2.29% |
MQY vs. FAMRX - Expense Ratio Comparison
MQY has a 2.07% expense ratio, which is higher than FAMRX's 0.70% expense ratio.
Dividends
MQY vs. FAMRX - Dividend Comparison
MQY's dividend yield for the trailing twelve months is around 6.08%, more than FAMRX's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMRX Fidelity Asset Manager 85% Fund | 4.87% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
MQY BlackRock MuniYield Quality Fund | 6.08% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
Frequently Asked Questions
MQY and FAMRX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (5.49%) compared to MQY (2.92%). In terms of maximum drawdown, MQY dropped -41.67% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (2.33 vs 1.21), 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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