PNIGX vs. FAMRX

Last updated Jun 24, 2026

PNIGX (BlackRock U.S. Government Bond Portfolio) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - PNIGX is a Government Bonds fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. At a correlation of -0.15, they often move in opposite directions. PNIGX charges 0.45%/yr vs 0.70%/yr for FAMRX.

Performance

PNIGX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock U.S. Government Bond Portfolio (PNIGX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PNIGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAMRX

• 1D: -0.06%
• 1M: 2.43%
• YTD: 14.17%
• 6M: 13.73%
• 1Y: 29.75%
• 3Y*: 18.98%
• 5Y*: 9.75%
• 10Y*: 12.13%

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

PNIGX vs. FAMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNIGX BlackRock U.S. Government Bond Portfolio	0.00%	6.68%	0.79%	4.11%	-13.73%	-1.36%	6.69%	6.88%	0.56%	1.94%
FAMRX Fidelity Asset Manager 85% Fund	14.17%	20.87%	12.60%	18.98%	-18.55%	17.10%	19.37%	26.26%	-9.21%	21.08%

Correlation

The correlation between PNIGX and FAMRX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999	-0.15

The correlation between PNIGX and FAMRX shifts across timeframes, from -0.15 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PNIGX vs. FAMRX — Risk / Return Rank

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

PNIGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FAMRX

FAMRX Risk / Return Rank: 77
FAMRX Sharpe Ratio Rank: 77
FAMRX Sortino Ratio Rank: 71
FAMRX Omega Ratio Rank: 74
FAMRX Calmar Ratio Rank: 77
FAMRX Martin Ratio Rank: 83

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.

PNIGX vs. FAMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) 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.

	PNIGX	FAMRX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	3.20	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	3.31	—
Martin ratio: Return relative to average drawdown	—	14.35	—

Drawdowns

Drawdown Indicators

	PNIGX	FAMRX	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.65%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.96%	—
Current Drawdown Current decline from peak	—	-0.06%	—
Average Drawdown Average peak-to-trough decline	—	-12.30%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.15%	—

Volatility

Volatility by Period

	PNIGX	FAMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.78%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.33%	—

PNIGX vs. FAMRX - Expense Ratio Comparison

PNIGX has a 0.45% expense ratio, which is lower than FAMRX's 0.70% expense ratio.

Dividends

PNIGX vs. FAMRX - Dividend Comparison

PNIGX's dividend yield for the trailing twelve months is around 0.98%, less 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%
PNIGX BlackRock U.S. Government Bond Portfolio	0.98%	2.57%	3.57%	2.90%	1.95%	1.39%	1.84%	2.56%	2.59%	2.32%	2.24%	2.57%

Frequently Asked Questions

Can I hold both PNIGX and FAMRX in my portfolio?

PNIGX and FAMRX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.