SBMIX vs. FYMIX
SBMIX (Saratoga Moderate Balanced Allocation Portfolio) and FYMIX (Fidelity Sustainable Multi-Asset Fund) are both Diversified Portfolio funds. Over the past 3 years, SBMIX returned 10.08%/yr vs 14.27%/yr for FYMIX. Their correlation of 0.91 means they have usually moved in the same direction. SBMIX charges 0.99%/yr vs 0.05%/yr for FYMIX.
Performance
SBMIX vs. FYMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SBMIX achieves a 3.22% return, which is significantly lower than FYMIX's 8.71% return.
SBMIX
- 1D
- 0.24%
- 1M
- -1.73%
- 6M
- 1.62%
- YTD
- 3.22%
- 1Y
- 8.56%
- 3Y*
- 10.08%
- 5Y*
- 6.04%
- 10Y*
- —
- ALL TIME*
- 6.83%
FYMIX
- 1D
- 0.63%
- 1M
- -0.39%
- 6M
- 5.41%
- YTD
- 8.71%
- 1Y
- 18.82%
- 3Y*
- 14.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SBMIX vs. FYMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SBMIX Saratoga Moderate Balanced Allocation Portfolio | 3.22% | 12.25% | 11.36% | 11.96% | -8.60% |
FYMIX Fidelity Sustainable Multi-Asset Fund | 8.71% | 18.95% | 11.09% | 16.15% | -15.71% |
Correlation
The correlation between SBMIX and FYMIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.91 |
The correlation between SBMIX and FYMIX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
SBMIX vs. FYMIX — Risk / Return Rank
SBMIX
FYMIX
SBMIX vs. FYMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Moderate Balanced Allocation Portfolio (SBMIX) and Fidelity Sustainable Multi-Asset Fund (FYMIX). 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.
| SBMIX | FYMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.06 | -0.92 |
| Martin ratioReturn relative to average drawdown | 4.47 | 8.52 | -4.05 |
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Drawdowns
SBMIX vs. FYMIX - Drawdown Comparison
The maximum SBMIX drawdown since its inception was -23.97%, which is greater than FYMIX's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for SBMIX and FYMIX.
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Drawdown Indicators
| SBMIX | FYMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.97% | -22.70% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -8.80% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -12.14% | -12.72% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.92% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -1.30% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -5.48% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.13% | -0.38% |
Volatility
SBMIX vs. FYMIX - Volatility Comparison
The current volatility for Saratoga Moderate Balanced Allocation Portfolio (SBMIX) is 2.97%, while Fidelity Sustainable Multi-Asset Fund (FYMIX) has a volatility of 3.40%. This indicates that SBMIX experiences smaller price fluctuations and is considered to be less risky than FYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBMIX | FYMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 3.40% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 10.17% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.74% | 11.93% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 12.79% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.90% | 12.79% | -0.89% |
SBMIX vs. FYMIX - Expense Ratio Comparison
SBMIX has a 0.99% expense ratio, which is higher than FYMIX's 0.05% expense ratio.
Dividends
SBMIX vs. FYMIX - Dividend Comparison
SBMIX's dividend yield for the trailing twelve months is around 9.81%, more than FYMIX's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FYMIX Fidelity Sustainable Multi-Asset Fund | 3.39% | 3.69% | 1.84% | 1.78% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% |
SBMIX Saratoga Moderate Balanced Allocation Portfolio | 9.81% | 10.12% | 3.70% | 1.32% | 5.93% | 8.04% | 1.35% | 3.40% | 3.11% |
Frequently Asked Questions
With a correlation of 0.90, SBMIX and FYMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FYMIX has higher volatility (3.40%) compared to SBMIX (2.97%). In terms of maximum drawdown, SBMIX dropped -23.97% vs FYMIX's -22.70%.
FYMIX currently has the higher Sharpe Ratio (1.52 vs 0.81), 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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