PNIGX vs. FASGX

Last updated Jun 3, 2026

PNIGX (BlackRock U.S. Government Bond Portfolio) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - PNIGX is a Government Bonds fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by BlackRock. At a correlation of -0.03, they often move in opposite directions. PNIGX charges 0.45%/yr vs 0.67%/yr for FASGX.

Performance

PNIGX vs. FASGX - 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 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PNIGX

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

FASGX

• 1D: 0.51%
• 1M: 4.40%
• YTD: 11.93%
• 6M: 12.90%
• 1Y: 26.54%
• 3Y*: 16.47%
• 5Y*: 8.47%
• 10Y*: 10.01%

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

PNIGX vs. FASGX - 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%
FASGX Fidelity Asset Manager 70% Fund	11.93%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Correlation

The correlation between PNIGX and FASGX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Apr 21, 1992	-0.03

The correlation between PNIGX and FASGX shifts across timeframes, from -0.03 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PNIGX vs. FASGX — Risk / Return Rank

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

FASGX

FASGX Risk / Return Rank: 77
FASGX Sharpe Ratio Rank: 80
FASGX Sortino Ratio Rank: 76
FASGX Omega Ratio Rank: 74
FASGX Calmar Ratio Rank: 75
FASGX Martin Ratio Rank: 80

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. FASGX - 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 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.

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

Sharpe Ratios by Period

	PNIGX	FASGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.63	—

Drawdowns

Drawdown Indicators

	PNIGX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-47.35%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.20%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-6.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	PNIGX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.27%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.65%	—

PNIGX vs. FASGX - Expense Ratio Comparison

PNIGX has a 0.45% expense ratio, which is lower than FASGX's 0.67% expense ratio.

Dividends

PNIGX vs. FASGX - Dividend Comparison

PNIGX's dividend yield for the trailing twelve months is around 0.98%, less than FASGX's 6.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.55%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
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 FASGX in my portfolio?

PNIGX and FASGX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.