SFPAX vs. FAMRX
SFPAX (Saratoga Financial Service Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - SFPAX is a Financials Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, SFPAX returned 9.04%/yr vs 11.55%/yr for FAMRX. A 0.78 correlation means they provide meaningful diversification when combined. SFPAX charges 3.81%/yr vs 0.70%/yr for FAMRX.
Performance
SFPAX vs. FAMRX - Performance Comparison
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Returns By Period
Over the past 10 years, SFPAX has underperformed FAMRX with an annualized return of 9.04%, while FAMRX has yielded a comparatively higher 11.55% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 0.82%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
FAMRX
- 1D
- 0.20%
- 1M
- 1.35%
- 6M
- 10.69%
- YTD
- 13.91%
- 1Y
- 25.52%
- 3Y*
- 18.31%
- 5Y*
- 9.37%
- 10Y*
- 11.55%
SFPAX vs. FAMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
FAMRX Fidelity Asset Manager 85% Fund | 13.91% | 20.87% | 12.60% | 18.98% | -18.55% | 17.10% | 19.37% | 26.26% | -9.21% | 21.08% |
Correlation
The correlation between SFPAX and FAMRX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.78 |
Over the past year, the correlation between SFPAX and FAMRX has dropped to 0.28 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
SFPAX vs. FAMRX — Risk / Return Rank
SFPAX
FAMRX
SFPAX vs. FAMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) 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.
| SFPAX | FAMRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.67 | -2.88 |
| Martin ratioReturn relative to average drawdown | -0.42 | 11.50 | -11.91 |
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Drawdowns
SFPAX vs. FAMRX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than FAMRX's maximum drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for SFPAX and FAMRX.
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Drawdown Indicators
| SFPAX | FAMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -58.65% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -9.33% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -15.35% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -26.00% | -1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -30.96% | -14.68% |
Current DrawdownCurrent decline from peak | -2.65% | -0.35% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -12.28% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.17% | +0.15% |
Volatility
SFPAX vs. FAMRX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 4.91%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | FAMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.91% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 11.27% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 13.33% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 14.82% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 15.26% | +7.25% |
SFPAX vs. FAMRX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than FAMRX's 0.70% expense ratio.
Dividends
SFPAX vs. FAMRX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while FAMRX's dividend yield for the trailing twelve months is around 4.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMRX Fidelity Asset Manager 85% Fund | 4.88% | 5.56% | 3.44% | 1.33% | 5.07% | 3.15% | 1.99% | 5.52% | 5.62% | 2.31% | 0.28% | 4.83% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SFPAX and FAMRX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAMRX has higher volatility (4.91%) compared to SFPAX (0.00%). In terms of maximum drawdown, SFPAX dropped -71.98% vs FAMRX's -58.65%.
FAMRX currently has the higher Sharpe Ratio (1.87 vs -0.11), 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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