FIDELITY ASSET Competition
| FCASX Fund | USD 29.99 -0.34 -1.12% |
Correlation: FIDELITY ASSET vs ProShares Ultra Details
Very weak diversification
For the present investment horizon, the measured correlation between FCASX and SSO stands at 0.46, or Very weak diversification. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Moving together with FIDELITY Mutual Fund
Mean reversion in FIDELITY ASSET is more reliable over longer time horizons. Short-term deviations can persist and even widen before correcting, making position sizing and risk management critical.
FIDELITY ASSET Competition Correlation Matrix
Correlation analysis between Fidelity Asset Manager and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. Used correctly, correlation analysis helps separate broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FIDELITY Mutual Fund performing well and FIDELITY ASSET Mutual Fund doing well as a business compared to the competition. 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAAIX | 0.52 | 0.05 | 0.11 | -0.01 | 0.70 | 0.86 | 3.48 | |||
| FEYAX | 0.60 | 0.00 | 0.12 | -0.08 | 0.81 | 1.02 | 4.14 | |||
| JGRO | 0.79 | -0.08 | 0.00 | -0.18 | 0.00 | 1.22 | 4.34 | |||
| SPYD | 0.57 | 0.11 | 0.24 | 0.12 | 0.53 | 1.38 | 3.30 | |||
| FCAGX | 1.03 | -0.05 | 0.00 | 0.35 | 0.00 | 1.68 | 6.96 | |||
| FIDGX | 1.01 | 0.05 | 0.00 | -0.04 | 0.00 | 1.66 | 6.93 | |||
| FCTGX | 1.03 | -0.05 | 0.00 | 0.35 | 0.00 | 1.66 | 6.93 | |||
| BUFR | 0.31 | 0.02 | 0.00 | -0.05 | 0.00 | 0.61 | 1.87 | |||
| SHYG | 0.11 | -0.01 | 0.45 | 0.19 | 0.14 | 0.31 | 0.95 | |||
| SSO | 1.15 | 0.00 | 0.00 | -0.09 | 0.00 | 1.78 | 6.97 |
FIDELITY ASSET Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
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.
Peer Comparison Metrics & Methodology
The competition view for FIDELITY ASSET includes both market-cap-weighted peers and natural business competitors, which are not always the same companies in practice. The peer set can help frame whether recent outperformance is broad-based or company-specific.
The analytics block for Fidelity Asset Manager relies on fund disclosures and market reference feeds, with quality checks and normalization applied before rendering. Timing can vary by data vendor.