OSTVX vs. FFNOX

Last updated Jun 4, 2026

OSTVX (Osterweis Growth & Income Fund) and FFNOX (Fidelity Multi-Asset Index Fund) are both Diversified Portfolio funds. Over the past 10 years, OSTVX returned 8.44%/yr vs 11.28%/yr for FFNOX. Their correlation of 0.92 suggests significant overlap in exposure. OSTVX charges 0.93%/yr vs 0.11%/yr for FFNOX.

Performance

OSTVX vs. FFNOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osterweis Growth & Income Fund (OSTVX) and Fidelity Multi-Asset Index Fund (FFNOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSTVX achieves a 3.73% return, which is significantly lower than FFNOX's 11.58% return. Over the past 10 years, OSTVX has underperformed FFNOX with an annualized return of 8.44%, while FFNOX has yielded a comparatively higher 11.28% annualized return.

OSTVX

• 1D: 0.22%
• 1M: 0.78%
• YTD: 3.73%
• 6M: 3.34%
• 1Y: 12.28%
• 3Y*: 11.13%
• 5Y*: 4.62%
• 10Y*: 8.44%

FFNOX

• 1D: 0.41%
• 1M: 5.12%
• YTD: 11.58%
• 6M: 12.27%
• 1Y: 26.43%
• 3Y*: 18.32%
• 5Y*: 9.66%
• 10Y*: 11.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OSTVX vs. FFNOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OSTVX Osterweis Growth & Income Fund	3.73%	10.03%	9.99%	14.76%	-15.08%	11.70%	17.58%	25.30%	-7.48%	12.88%
FFNOX Fidelity Multi-Asset Index Fund	11.58%	20.18%	13.05%	19.29%	-18.02%	17.05%	16.30%	25.09%	-6.58%	17.09%

Correlation

The correlation between OSTVX and FFNOX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.92

The correlation between OSTVX and FFNOX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

OSTVX vs. FFNOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OSTVX

OSTVX Risk / Return Rank: 35
OSTVX Sharpe Ratio Rank: 34
OSTVX Sortino Ratio Rank: 35
OSTVX Omega Ratio Rank: 34
OSTVX Calmar Ratio Rank: 28
OSTVX Martin Ratio Rank: 46

FFNOX

FFNOX Risk / Return Rank: 66
FFNOX Sharpe Ratio Rank: 68
FFNOX Sortino Ratio Rank: 64
FFNOX Omega Ratio Rank: 64
FFNOX Calmar Ratio Rank: 66
FFNOX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OSTVX vs. FFNOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osterweis Growth & Income Fund (OSTVX) and Fidelity Multi-Asset Index Fund (FFNOX). 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.

	OSTVX	FFNOX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.41	-0.71
Sortino ratio: Return per unit of downside risk	2.46	3.35	-0.89
Omega ratio: Gain probability vs. loss probability	1.31	1.45	-0.14
Calmar ratio: Return relative to maximum drawdown	1.99	3.12	-1.13
Martin ratio: Return relative to average drawdown	9.64	13.59	-3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSTVX vs. FFNOX - Sharpe Ratio Comparison

The current OSTVX Sharpe Ratio is 1.69, which is comparable to the FFNOX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of OSTVX and FFNOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OSTVX	FFNOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.41	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.71	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.78	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.44	+0.32

Drawdowns

OSTVX vs. FFNOX - Drawdown Comparison

The maximum OSTVX drawdown since its inception was -25.94%, smaller than the maximum FFNOX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for OSTVX and FFNOX.

Drawdown Indicators

	OSTVX	FFNOX	Difference
Max Drawdown Largest peak-to-trough decline	-25.94%	-49.84%	+23.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-8.60%	+2.05%
Max Drawdown (3Y) Largest decline over 3 years	-10.63%	-14.10%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	-23.71%	-26.04%	+2.33%
Max Drawdown (10Y) Largest decline over 10 years	-25.94%	-29.93%	+3.99%
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-4.42%	-8.70%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.97%	-0.62%

Volatility

OSTVX vs. FFNOX - Volatility Comparison

The current volatility for Osterweis Growth & Income Fund (OSTVX) is 1.93%, while Fidelity Multi-Asset Index Fund (FFNOX) has a volatility of 3.47%. This indicates that OSTVX experiences smaller price fluctuations and is considered to be less risky than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSTVX	FFNOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	3.47%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	5.98%	8.97%	-2.99%
Volatility (1Y) Calculated over the trailing 1-year period	7.68%	11.15%	-3.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.64%	13.76%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.49%	14.57%	-3.08%

OSTVX vs. FFNOX - Expense Ratio Comparison

OSTVX has a 0.93% expense ratio, which is higher than FFNOX's 0.11% expense ratio.

Dividends

OSTVX vs. FFNOX - Dividend Comparison

OSTVX's dividend yield for the trailing twelve months is around 2.86%, more than FFNOX's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNOX Fidelity Multi-Asset Index Fund	2.30%	3.68%	6.43%	3.18%	7.14%	5.71%	2.87%	2.96%	2.90%	0.64%	2.50%	0.70%
OSTVX Osterweis Growth & Income Fund	2.86%	2.97%	9.16%	4.44%	8.02%	2.42%	3.60%	5.99%	10.01%	5.13%	3.61%	4.27%

Frequently Asked Questions

Can I hold both OSTVX and FFNOX in my portfolio?

OSTVX and FFNOX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSTVX or FFNOX?

FFNOX has higher volatility (3.47%) compared to OSTVX (1.93%). In terms of maximum drawdown, OSTVX dropped -25.94% vs FFNOX's -49.84%.

Which has better risk-adjusted returns?

FFNOX currently has the higher Sharpe Ratio (2.41 vs 1.69), 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.