SQBIX vs. FYMIX

Last updated Jul 31, 2026

SQBIX (X-Square Balanced Fund, LLC) and FYMIX (Fidelity Sustainable Multi-Asset Fund) are both Diversified Portfolio funds. Over the past 3 years, SQBIX returned 12.91%/yr vs 13.11%/yr for FYMIX. Their correlation of 0.89 means they have usually moved in the same direction. SQBIX charges 2.50%/yr vs 0.05%/yr for FYMIX.

Performance

SQBIX vs. FYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in X-Square Balanced Fund, LLC (SQBIX) and Fidelity Sustainable Multi-Asset Fund (FYMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SQBIX achieves a 9.50% return, which is significantly higher than FYMIX's 6.00% return.

SQBIX

• 1D: -0.48%
• 1M: -1.26%
• 6M: 4.62%
• YTD: 9.50%
• 1Y: 16.11%
• 3Y*: 12.91%
• 5Y*: 7.29%
• 10Y*: —
• ALL TIME*: 9.03%

FYMIX

• 1D: -1.03%
• 1M: -3.61%
• 6M: 2.28%
• YTD: 6.00%
• 1Y: 14.64%
• 3Y*: 13.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.34%

*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)
FYMIX Fidelity Sustainable Multi-Asset Fund	$0.00	$0.00	$0.00
SQBIX X-Square Balanced Fund, LLC	$0.00	$0.00	$0.00

SQBIX vs. FYMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SQBIX X-Square Balanced Fund, LLC	9.50%	11.53%	12.94%	13.93%	-8.94%
FYMIX Fidelity Sustainable Multi-Asset Fund	6.00%	18.95%	11.09%	16.15%	-15.71%

Correlation

The correlation between SQBIX and FYMIX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	0.89

The correlation between SQBIX and FYMIX has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

SQBIX vs. FYMIX — Risk / Return Rank

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

SQBIX

SQBIX Risk / Return Rank: 79
SQBIX Sharpe Ratio Rank: 74
SQBIX Sortino Ratio Rank: 73
SQBIX Omega Ratio Rank: 71
SQBIX Calmar Ratio Rank: 89
SQBIX Martin Ratio Rank: 87

FYMIX

FYMIX Risk / Return Rank: 40
FYMIX Sharpe Ratio Rank: 39
FYMIX Sortino Ratio Rank: 38
FYMIX Omega Ratio Rank: 39
FYMIX Calmar Ratio Rank: 37
FYMIX Martin Ratio Rank: 46

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.

SQBIX vs. FYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for X-Square Balanced Fund, LLC (SQBIX) 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.

	SQBIX	FYMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.21	+0.48
Sortino ratio: Return per unit of downside risk	2.43	1.74	+0.69
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	3.16	1.63	+1.53
Martin ratio: Return relative to average drawdown	10.99	6.72	+4.27

SQBIX vs. FYMIX - Sharpe Ratio Comparison

The current SQBIX Sharpe Ratio is 1.70, which is higher than the FYMIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of SQBIX and FYMIX, 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

SQBIX vs. FYMIX - Drawdown Comparison

The maximum SQBIX drawdown since its inception was -19.70%, smaller than the maximum FYMIX drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for SQBIX and FYMIX.

Drawdown Indicators

	SQBIX	FYMIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-22.70%	+3.00%
Max Drawdown (1Y) Largest decline over 1 year	-4.94%	-8.80%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	-14.43%	-12.72%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-17.70%	—	—
Current Drawdown Current decline from peak	-1.84%	-3.76%	+1.92%
Average Drawdown Average peak-to-trough decline	-3.75%	-5.49%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	2.13%	-0.71%

Volatility

SQBIX vs. FYMIX - Volatility Comparison

The current volatility for X-Square Balanced Fund, LLC (SQBIX) is 1.90%, while Fidelity Sustainable Multi-Asset Fund (FYMIX) has a volatility of 2.78%. This indicates that SQBIX 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.

Volatility by Period

	SQBIX	FYMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.90%	2.78%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	7.15%	9.98%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.21%	11.77%	-2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.77%	12.77%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.87%	12.77%	+0.10%

SQBIX vs. FYMIX - Expense Ratio Comparison

SQBIX has a 2.50% expense ratio, which is higher than FYMIX's 0.05% expense ratio.

Dividends

SQBIX vs. FYMIX - Dividend Comparison

SQBIX's dividend yield for the trailing twelve months is around 1.64%, less than FYMIX's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021
FYMIX Fidelity Sustainable Multi-Asset Fund	3.48%	3.69%	1.84%	1.78%	1.79%	0.00%
SQBIX X-Square Balanced Fund, LLC	1.64%	1.18%	1.74%	0.96%	2.17%	0.95%

Frequently Asked Questions

Can I hold both SQBIX and FYMIX in my portfolio?

SQBIX and FYMIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SQBIX or FYMIX?

FYMIX has higher volatility (2.78%) compared to SQBIX (1.90%). In terms of maximum drawdown, SQBIX dropped -19.70% vs FYMIX's -22.70%.

Which has better risk-adjusted returns?

SQBIX currently has the higher Sharpe Ratio (1.70 vs 1.21), 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.