Asset Comparison and Correlation
|S&P 500 vs Fidelity Asset Manager 30%|
Assuming 30 trading days horizon, S&P 500 is expected to generate 3.44 times more return on investment than Fidelity. However, SP 500 is 3.44 times more volatile than Fidelity Asset Manager 30. It trades about 0.6 of its potential returns per unit of risk. Fidelity Asset Manager 30 is currently generating about 0.63 per unit of risk. If you would invest 156,250 in S&P 500 on April 19, 2013 and sell it today you would earn a total of 10,497 from holding S&P 500 or generate 6.72% return on investment over 30 days.
Match ups for SP 500
65% of all equities and portfolios perform better than Fidelity Asset Manager 30. Compared with the overall equity markets, risk-adjusted returns on investments in Fidelity Asset Manager 30 are ranked lower than 35 (%) of all global equities and portfolios over the last 30 days.
Match ups for Fidelity