STSEX vs. FASGX

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Exchange Portfolio (STSEX) and Fidelity Asset Manager 70% Fund (FASGX).

STSEX is managed by BlackRock. It was launched on Dec 17, 1976. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.

Performance

STSEX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Exchange Portfolio (STSEX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

STSEX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STSEX BlackRock Exchange Portfolio	-6.69%	19.42%	16.06%	20.71%	-5.51%	31.09%	9.30%	28.62%	-2.95%	15.24%
FASGX Fidelity Asset Manager 70% Fund	-2.99%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Returns By Period

In the year-to-date period, STSEX achieves a -6.69% return, which is significantly lower than FASGX's -2.99% return. Over the past 10 years, STSEX has outperformed FASGX with an annualized return of 13.08%, while FASGX has yielded a comparatively lower 8.70% annualized return.

STSEX

• 1D: 0.51%
• 1M: -5.69%
• YTD: -6.69%
• 6M: -5.50%
• 1Y: 9.28%
• 3Y*: 14.38%
• 5Y*: 12.38%
• 10Y*: 13.08%

FASGX

• 1D: -0.24%
• 1M: -7.42%
• YTD: -2.99%
• 6M: -0.12%
• 1Y: 15.54%
• 3Y*: 11.72%
• 5Y*: 6.38%
• 10Y*: 8.70%

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

STSEX vs. FASGX - Expense Ratio Comparison

STSEX has a 0.81% expense ratio, which is higher than FASGX's 0.67% expense ratio.

STSEX

BlackRock Exchange Portfolio

FASGX

Fidelity Asset Manager 70% Fund

Return for Risk

STSEX vs. FASGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STSEX

STSEX Risk / Return Rank: 32
STSEX Sharpe Ratio Rank: 31
STSEX Sortino Ratio Rank: 33
STSEX Omega Ratio Rank: 31
STSEX Calmar Ratio Rank: 35
STSEX Martin Ratio Rank: 33

FASGX

FASGX Risk / Return Rank: 70
FASGX Sharpe Ratio Rank: 70
FASGX Sortino Ratio Rank: 71
FASGX Omega Ratio Rank: 69
FASGX Calmar Ratio Rank: 69
FASGX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STSEX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Exchange Portfolio (STSEX) 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.

	STSEX	FASGX	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.21	-0.51
Sortino ratio Return per unit of downside risk	1.11	1.73	-0.62
Omega ratio Gain probability vs. loss probability	1.15	1.26	-0.10
Calmar ratio Return relative to maximum drawdown	0.94	1.55	-0.61
Martin ratio Return relative to average drawdown	3.55	6.89	-3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STSEX vs. FASGX - Sharpe Ratio Comparison

The current STSEX Sharpe Ratio is 0.70, which is lower than the FASGX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of STSEX and FASGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	STSEX	FASGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.21	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.53	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.70	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.60	+0.05

Correlation

The correlation between STSEX and FASGX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

STSEX vs. FASGX - Dividend Comparison

STSEX's dividend yield for the trailing twelve months is around 0.97%, less than FASGX's 7.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STSEX BlackRock Exchange Portfolio	0.97%	0.90%	0.93%	1.07%	1.22%	1.01%	1.33%	1.40%	1.73%	1.67%	1.95%	1.94%
FASGX Fidelity Asset Manager 70% Fund	7.56%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%

Drawdowns

STSEX vs. FASGX - Drawdown Comparison

The maximum STSEX drawdown since its inception was -49.89%, which is greater than FASGX's maximum drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for STSEX and FASGX.

Drawdown Indicators

	STSEX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.89%	-47.35%	-2.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.07%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.57%	-23.54%	+3.97%
Max Drawdown (10Y) Largest decline over 10 years	-31.28%	-27.20%	-4.08%
Current Drawdown Current decline from peak	-8.15%	-7.95%	-0.20%
Average Drawdown Average peak-to-trough decline	-7.29%	-6.74%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.04%	+0.35%

Volatility

STSEX vs. FASGX - Volatility Comparison

The current volatility for BlackRock Exchange Portfolio (STSEX) is 2.80%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 4.57%. This indicates that STSEX 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.

Volatility by Period

	STSEX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	4.57%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	7.78%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	12.82%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	12.14%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	12.56%	+4.15%