FIDELITY ASSET Competition

Mutual Funds . USA . 
Fund . Fidelity Asset Manager
FASGX Fund  USD 29.53  -0.55  -1.83%   
The fund is listed under the Allocation--70% to 85% Equity category and is part of the Fidelity Investments family. Fidelity Asset Manager is grouped alongside FIDELITY ASSET, T ROWE, FIDELITY SMALL, and FIDELITY ASSET within its competitive landscape. Revenue per employee for FIDELITY ASSET versus peers measures operational efficiency at a basic level.

Pair Correlation for FIDELITY ASSET and FIDELITY ASSET Details

No diversification benefit
FIDELITY ASSET currently posts a 1.0 correlation with FIDELITY ASSET, indicating a No diversification benefit relationship for the active sample. A 1.0 reading means FIDELITY ASSET and FIDELITY ASSET have substantial price overlap, limiting diversification benefit.

Moving together with FIDELITY Mutual Fund

  0.81IFAFX Income FundPairCorr
  0.81AMECX Income FundPairCorr
  0.84IFACX Income FundPairCorr
  0.84FFIFX American FundsPairCorr
  0.84FAIFX American FundsPairCorr

Moving against FIDELITY Mutual Fund

  0.61HPQ HP IncPairCorr
Specify up to 10 symbols:
Mean reversion is the tendency of FIDELITY ASSET's price to return to its historical average after periods of extreme deviation. Some analysts monitor this tendency by comparing FIDELITY ASSET's price extremes to fundamental value.
Hype
Prediction
LowEstimatedHigh
28.8429.5330.22
Details
Intrinsic
Valuation
LowRealHigh
29.1129.8030.49
Details
Naive
Forecast
LowNextHigh
28.8129.5030.19
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
-14.653914.1943.04
Details
Competitive analysis for FIDELITY ASSET compares its financial performance and valuation against sector peers. This relative perspective often changes investment conclusions drawn from standalone analysis.

FIDELITY ASSET Competition Correlation Matrix

Competition correlation for Fidelity Asset Manager matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.

High positive correlations

FAMRX
+ 0.99
FFTMX
FAMRX
+ 0.73
FCPGX
FCPGX
+ 0.68
FFTMX
FCPGX
+ 0.49
TPLGX
FAMRX
+ 0.09
TPLGX
TPLGX
+ 0.01
FFTMX
  

High negative correlations

FCPGX
- 0.65
FDKVX
TPLGX
- 0.52
FDKVX
FAMRX
- 0.22
FDKVX
FDKVX
- 0.14
FFTMX

Risk-Adjusted Indicators

FIDELITY ASSET Mutual Fund may look attractive on headline returns alone, but deeper analysis often tells a different story. A thorough review of FIDELITY ASSET's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

FIDELITY ASSET Competitive Analysis

    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
FASGX FFTMX FDKVX TPLGX FCPGX FAMRX
 1.83 
29.53
FIDELITY
 1.52 
21.38
FIDELITY
 2.25 
16.94
FIDELITY
 1.82 
63.09
TPLGX
 2.66 
34.04
FIDELITY
 2.15 
29.57
FIDELITY
Market Volatility
(90 Days Market Risk)
Very Low
Very Low
Very Low
Very Low
Very Low
Very Low
Market Performance
(90 Days Performance)
Weak
Weak
Moderate
Weak
Weak
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Buy or Sell Analysis
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Cautious Hold
Strong Hold
Cautious Hold
Cautious Hold
Cautious Hold
Net Asset
8.36 B
9.39 B
8.69 B
4 B
7.88 B
6.43 B
Minimum Initial Investment
N/A
N/A
N/A
1000 K
N/A
N/A
Price To Book
2.18 X
2.14 X
N/A
4.05 X
3.14 X
2.14 X
Five Year Return
6.84 %
4.90 %
8.71 %
9.70 %
3.76 %
7.97 %
One Year Return
19.37 %
14.30 %
24.39 %
18.49 %
24.72 %
22.46 %
Last Dividend Paid
0.26
0.03
N/A
N/A
N/A
0.19
Price To Earning
18.91 X
18.76 X
N/A
2.87 X
24.92 X
18.72 X
Price To Sales
1.66 X
1.63 X
N/A
2.46 X
1.70 X
1.63 X
Cash Position Weight
-0.45 %
0.37 %
1.87 %
0.35 %
0.33 %
-0.58 %
Equity Positions Weight
72.91 %
53.96 %
88.50 %
98.63 %
96.04 %
86.57 %
Three Year Return
14.28 %
11.22 %
18.50 %
26.02 %
15.50 %
16.53 %
Annual Yield
0.02 %
0.02 %
0.01 %
0.0001 %
N/A
0.01 %
Year To Date Return
0.83 %
1.06 %
1.39 %
0.56 %
0.20 %
0.76 %
Bond Positions Weight
3.36 %
4.81 %
0.72 %
N/A
N/A
2.16 %
Ten Year Return
8.43 %
6.59 %
N/A
17.05 %
14.07 %
9.34 %
Day Typical Price
29.53
21.38
16.94
63.09
34.04
29.57
Period Momentum Indicator
-0.55
-0.33
-0.39
-1.17
-0.93
-0.65
Rate Of Daily Change
0.98
0.98
0.98
0.98
0.97
0.98
Day Median Price
29.53
21.38
16.94
63.09
34.04
29.57
Price Action Indicator
-0.27
-0.17
-0.19
-0.59
-0.46
-0.32
Relative Strength Index
37.75
37.44
37.71
33.87
40.6
37.87
Coefficient Of Variation
-2,634
-2,525
890.9
-509.61
-1,431
-2,474
Mean Deviation
0.5241
0.3981
0.568
0.8087
1.02
0.6222
Jensen Alpha
-0.03
-0.02
0.0966
-0.19
-0.11
-0.03
Total Risk Alpha
0.0486
0.0341
0.1678
-0.08
0.0593
0.0577
Sortino Ratio
N/A
N/A
0.2084
N/A
N/A
N/A
Downside Variance
N/A
N/A
0.6919
N/A
N/A
N/A
Standard Deviation
0.6932
0.5321
0.757
0.9815
1.32
0.8242
Kurtosis
0.5421
0.8101
1.54
-0.50
0.6138
0.5459
Potential Upside
0.857
0.6859
0.9366
1.16
1.38
1.02
Treynor Ratio
-0.43
-0.45
0.3403
-1.22
2.04
-0.48
Maximum Drawdown
3.53
2.79
4.39
3.95
6.93
4.19
Variance
0.4805
0.2831
0.573
0.9633
1.73
0.6793
Market Risk Adjusted Performance
-0.42
-0.44
0.3503
-1.21
2.05
-0.47
Risk Adjusted Performance
-0.03
-0.04
0.0895
-0.16
-0.05
-0.03
Skewness
-0.50
-0.58
-0.41
-0.22
-0.11
-0.48
Semi Deviation
N/A
N/A
0.6949
N/A
N/A
N/A
Information Ratio
0.0895
0.1264
0.2289
-0.11
-0.0028
0.0668
Value At Risk
-1.27
-0.95
-1.26
-1.90
-2.45
-1.48
Expected Short fall
N/A
N/A
-0.64
N/A
N/A
N/A
Downside Deviation
N/A
N/A
0.8318
N/A
N/A
N/A
Semi Variance
N/A
N/A
0.4829
N/A
N/A
N/A

FIDELITY ASSET Competition Peer Performance Charts

How to Analyze FIDELITY ASSET Against Peers

FIDELITY ASSET's peer analysis compares FIDELITY ASSET with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:
  • Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
  • Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
  • Check valuation dispersion: Review whether FIDELITY ASSET trades at a premium or discount versus peers and why.
  • Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
  • Document the thesis: Record where FIDELITY ASSET leads or lags and what catalysts could close or widen the gap.
Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

FIDELITY ASSET has a wider economic moat score than the average competitor, based on return spread and reinvestment patterns. Margin trends that move in opposite directions across peers often foreshadow shifts in competitive positioning. Comparing peers in Mutual Fund Funds can help separate structural strengths from temporary momentum.

This section for Fidelity Asset Manager is built from fund disclosures and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board
Last reviewed on March 18th, 2026
Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions
 
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