RYFIX vs. FFANX

Last updated Aug 1, 2026

RYFIX (Rydex Financial Services Fund) and FFANX (Fidelity Asset Manager 40% Fund) are both mutual funds - RYFIX is a Financials Equities fund managed by BlackRock, while FFANX is a Diversified Portfolio fund actively managed by Fidelity. Over the past 10 years, RYFIX returned 10.45%/yr vs 6.54%/yr for FFANX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. RYFIX charges 1.36%/yr vs 0.53%/yr for FFANX.

Performance

RYFIX vs. FFANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Financial Services Fund (RYFIX) and Fidelity Asset Manager 40% Fund (FFANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RYFIX having a 6.19% return and FFANX slightly higher at 6.42%. Over the past 10 years, RYFIX has outperformed FFANX with an annualized return of 10.45%, while FFANX has yielded a comparatively lower 6.54% annualized return.

RYFIX

• 1D: 0.18%
• 1M: 2.17%
• 6M: 6.66%
• YTD: 6.19%
• 1Y: 10.79%
• 3Y*: 16.00%
• 5Y*: 8.16%
• 10Y*: 10.45%
• ALL TIME*: 4.84%

FFANX

• 1D: 1.02%
• 1M: -0.62%
• 6M: 4.35%
• YTD: 6.42%
• 1Y: 13.25%
• 3Y*: 10.10%
• 5Y*: 4.88%
• 10Y*: 6.54%
• ALL TIME*: 5.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFANX Fidelity Asset Manager 40% Fund	$0.00	$0.00	$0.00
RYFIX Rydex Financial Services Fund	$0.00	$0.00	$0.00

RYFIX vs. FFANX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYFIX Rydex Financial Services Fund	6.19%	11.21%	22.86%	14.54%	-18.03%	35.83%	0.27%	28.32%	-12.05%	15.74%
FFANX Fidelity Asset Manager 40% Fund	6.42%	13.16%	7.40%	11.52%	-13.62%	8.03%	13.10%	15.81%	-4.06%	11.25%

Correlation

The correlation between RYFIX and FFANX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007	0.77

Over the past year, the correlation between RYFIX and FFANX has dropped to 0.53 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

RYFIX vs. FFANX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYFIX

RYFIX Risk / Return Rank: 13
RYFIX Sharpe Ratio Rank: 14
RYFIX Sortino Ratio Rank: 14
RYFIX Omega Ratio Rank: 14
RYFIX Calmar Ratio Rank: 12
RYFIX Martin Ratio Rank: 13

FFANX

FFANX Risk / Return Rank: 78
FFANX Sharpe Ratio Rank: 77
FFANX Sortino Ratio Rank: 76
FFANX Omega Ratio Rank: 76
FFANX Calmar Ratio Rank: 77
FFANX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYFIX vs. FFANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Financial Services Fund (RYFIX) and Fidelity Asset Manager 40% Fund (FFANX). 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.

	RYFIX	FFANX	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.75	-1.17
Sortino ratio: Return per unit of downside risk	0.89	2.51	-1.62
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.61	2.46	-1.85
Martin ratio: Return relative to average drawdown	1.80	10.21	-8.41

RYFIX vs. FFANX - Sharpe Ratio Comparison

The current RYFIX Sharpe Ratio is 0.58, which is lower than the FFANX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of RYFIX and FFANX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYFIX vs. FFANX - Drawdown Comparison

The maximum RYFIX drawdown since its inception was -77.63%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for RYFIX and FFANX.

Drawdown Indicators

	RYFIX	FFANX	Difference
Max Drawdown Largest peak-to-trough decline	-77.63%	-31.69%	-45.94%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-5.20%	-8.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-7.55%	-10.59%
Max Drawdown (5Y) Largest decline over 5 years	-27.08%	-18.52%	-8.56%
Max Drawdown (10Y) Largest decline over 10 years	-44.01%	-18.52%	-25.49%
Current Drawdown Current decline from peak	-1.01%	-1.15%	+0.14%
Average Drawdown Average peak-to-trough decline	-18.30%	-3.77%	-14.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	1.25%	+3.34%

Volatility

RYFIX vs. FFANX - Volatility Comparison

Rydex Financial Services Fund (RYFIX) has a higher volatility of 4.19% compared to Fidelity Asset Manager 40% Fund (FFANX) at 2.13%. This indicates that RYFIX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYFIX	FFANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	2.13%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	6.28%	+4.63%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	7.34%	+6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.44%	7.99%	+10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	7.73%	+13.19%

RYFIX vs. FFANX - Expense Ratio Comparison

RYFIX has a 1.36% expense ratio, which is higher than FFANX's 0.53% expense ratio.

Dividends

RYFIX vs. FFANX - Dividend Comparison

RYFIX's dividend yield for the trailing twelve months is around 1.14%, less than FFANX's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFANX Fidelity Asset Manager 40% Fund	3.66%	3.97%	2.81%	2.49%	5.75%	2.35%	2.36%	3.67%	4.56%	2.56%	1.43%	3.18%
RYFIX Rydex Financial Services Fund	1.14%	1.21%	0.76%	0.00%	25.45%	0.83%	0.00%	0.41%	5.14%	0.51%	0.71%	1.65%

Frequently Asked Questions

Can I hold both RYFIX and FFANX in my portfolio?

RYFIX and FFANX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYFIX or FFANX?

RYFIX has higher volatility (4.19%) compared to FFANX (2.13%). In terms of maximum drawdown, RYFIX dropped -77.63% vs FFANX's -31.69%.

Which has better risk-adjusted returns?

FFANX currently has the higher Sharpe Ratio (1.75 vs 0.58), 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.