SFPAX vs. FASGX
SFPAX (Saratoga Financial Service Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - SFPAX is a Financials Equities fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by Fidelity. Over the past 10 years, SFPAX returned 9.04%/yr vs 9.58%/yr for FASGX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. SFPAX charges 3.81%/yr vs 0.66%/yr for FASGX.
Performance
SFPAX vs. FASGX - Performance Comparison
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Returns By Period
Over the past 10 years, SFPAX has underperformed FASGX with an annualized return of 9.04%, while FASGX has yielded a comparatively higher 9.58% annualized return.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.51%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
- ALL TIME*
- 3.28%
FASGX
- 1D
- 1.69%
- 1M
- -0.72%
- 6M
- 7.00%
- YTD
- 10.24%
- 1Y
- 20.53%
- 3Y*
- 14.25%
- 5Y*
- 7.62%
- 10Y*
- 9.58%
- ALL TIME*
- 8.23%
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 |
SFPAX vs. FASGX - 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% |
FASGX Fidelity Asset Manager 70% Fund | 10.24% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Correlation
The correlation between SFPAX and FASGX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.79 |
Over the past year, the correlation between SFPAX and FASGX has dropped to 0.24 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
SFPAX vs. FASGX — Risk / Return Rank
SFPAX
FASGX
SFPAX vs. FASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) 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.
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 | FASGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.41 | -2.62 |
| Martin ratioReturn relative to average drawdown | -0.42 | 10.13 | -10.55 |
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Drawdowns
SFPAX vs. FASGX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than FASGX's maximum drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for SFPAX and FASGX.
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Drawdown Indicators
| SFPAX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -47.35% | -24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -7.95% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -12.80% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -23.54% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -27.20% | -18.44% |
Current DrawdownCurrent decline from peak | -2.65% | -1.63% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -6.69% | -14.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.89% | +0.43% |
Volatility
SFPAX vs. FASGX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.33%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFPAX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.33% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 9.76% | -7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 11.54% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 12.46% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.51% | 12.68% | +9.83% |
SFPAX vs. FASGX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than FASGX's 0.66% expense ratio.
Dividends
SFPAX vs. FASGX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while FASGX's dividend yield for the trailing twelve months is around 6.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 6.65% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
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 FASGX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FASGX has higher volatility (3.33%) compared to SFPAX (0.00%). In terms of maximum drawdown, SFPAX dropped -71.98% vs FASGX's -47.35%.
FASGX currently has the higher Sharpe Ratio (1.66 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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