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VTTSX Fidelity Zero Equivalent 2023
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


FXNAX 7%FBIIX 2.7%FZROX 53.9%FZILX 36.4%BondBondEquityEquity
PositionCategory/SectorWeight
FBIIX
Fidelity International Bond Index Fund
Global Bonds
2.70%
FXNAX
Fidelity U.S. Bond Index Fund
Total Bond Market
7%
FZILX
Fidelity ZERO International Index Fund
Large Cap Blend Equities, Foreign Large Cap Equities
36.40%
FZROX
Fidelity ZERO Total Market Index Fund
Large Cap Blend Equities
53.90%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in VTTSX Fidelity Zero Equivalent 2023, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly


0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
12.01%
15.83%
VTTSX Fidelity Zero Equivalent 2023
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Oct 10, 2019, corresponding to the inception date of FBIIX

Returns By Period


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
22.29%1.65%15.83%39.98%13.99%11.23%
VTTSX Fidelity Zero Equivalent 202315.87%-0.59%12.23%32.20%10.34%N/A
FZROX
Fidelity ZERO Total Market Index Fund
22.38%1.40%16.56%41.04%14.86%N/A
FZILX
Fidelity ZERO International Index Fund
10.12%-3.18%7.97%25.73%6.15%N/A
FXNAX
Fidelity U.S. Bond Index Fund
2.02%-2.73%4.75%10.33%-0.50%1.31%
FBIIX
Fidelity International Bond Index Fund
3.45%-0.20%4.34%9.21%0.18%N/A

Monthly Returns

The table below presents the monthly returns of VTTSX Fidelity Zero Equivalent 2023, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.06%3.96%3.01%-3.45%4.15%1.50%2.16%2.22%2.07%15.87%
20237.16%-2.97%2.70%1.26%-1.02%5.37%3.29%-2.68%-4.06%-2.84%8.60%5.05%20.55%
2022-4.32%-2.68%1.40%-7.56%0.52%-7.77%6.66%-3.78%-9.02%5.75%8.09%-4.13%-17.20%
2021-0.30%2.27%2.40%3.86%1.37%1.27%0.59%2.24%-3.77%4.59%-2.32%3.49%16.50%
2020-1.14%-6.73%-12.99%10.05%4.65%2.86%4.52%5.46%-2.77%-2.06%11.45%4.50%16.19%
20193.46%2.39%3.10%9.22%

Expense Ratio

VTTSX Fidelity Zero Equivalent 2023 has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


Expense ratio chart for FBIIX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%
Expense ratio chart for FXNAX: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%
Expense ratio chart for FZROX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%
Expense ratio chart for FZILX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VTTSX Fidelity Zero Equivalent 2023 is 40, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of VTTSX Fidelity Zero Equivalent 2023 is 4040
Combined Rank
The Sharpe Ratio Rank of VTTSX Fidelity Zero Equivalent 2023 is 3232Sharpe Ratio Rank
The Sortino Ratio Rank of VTTSX Fidelity Zero Equivalent 2023 is 3737Sortino Ratio Rank
The Omega Ratio Rank of VTTSX Fidelity Zero Equivalent 2023 is 3939Omega Ratio Rank
The Calmar Ratio Rank of VTTSX Fidelity Zero Equivalent 2023 is 4646Calmar Ratio Rank
The Martin Ratio Rank of VTTSX Fidelity Zero Equivalent 2023 is 4747Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. 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.


VTTSX Fidelity Zero Equivalent 2023
Sharpe ratio
The chart of Sharpe ratio for VTTSX Fidelity Zero Equivalent 2023, currently valued at 2.61, compared to the broader market0.002.004.006.002.61
Sortino ratio
The chart of Sortino ratio for VTTSX Fidelity Zero Equivalent 2023, currently valued at 3.67, compared to the broader market-2.000.002.004.006.003.67
Omega ratio
The chart of Omega ratio for VTTSX Fidelity Zero Equivalent 2023, currently valued at 1.49, compared to the broader market0.801.001.201.401.601.802.001.49
Calmar ratio
The chart of Calmar ratio for VTTSX Fidelity Zero Equivalent 2023, currently valued at 2.76, compared to the broader market0.005.0010.0015.002.76
Martin ratio
The chart of Martin ratio for VTTSX Fidelity Zero Equivalent 2023, currently valued at 17.73, compared to the broader market0.0010.0020.0030.0040.0050.0060.0017.73
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 3.43, compared to the broader market0.002.004.006.003.43
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 4.52, compared to the broader market-2.000.002.004.006.004.52
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.64, compared to the broader market0.801.001.201.401.601.802.001.64
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 3.17, compared to the broader market0.005.0010.0015.003.17
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 22.22, compared to the broader market0.0010.0020.0030.0040.0050.0060.0022.22

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
FZROX
Fidelity ZERO Total Market Index Fund
3.013.991.564.1719.07
FZILX
Fidelity ZERO International Index Fund
1.652.371.311.559.97
FXNAX
Fidelity U.S. Bond Index Fund
1.472.211.260.525.41
FBIIX
Fidelity International Bond Index Fund
2.734.391.540.8313.91

Sharpe Ratio

The current VTTSX Fidelity Zero Equivalent 2023 Sharpe ratio is 2.61. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 2.49 to 3.44, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of VTTSX Fidelity Zero Equivalent 2023 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50MayJuneJulyAugustSeptemberOctober
2.61
3.43
VTTSX Fidelity Zero Equivalent 2023
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

VTTSX Fidelity Zero Equivalent 2023 provided a 1.88% dividend yield over the last twelve months.


TTM20232022202120202019201820172016201520142013
VTTSX Fidelity Zero Equivalent 20231.88%2.10%2.03%1.77%1.45%2.04%0.83%0.18%0.18%0.19%0.18%0.17%
FZROX
Fidelity ZERO Total Market Index Fund
1.11%1.36%1.57%1.25%1.27%1.51%0.74%0.00%0.00%0.00%0.00%0.00%
FZILX
Fidelity ZERO International Index Fund
2.71%2.98%2.71%2.61%1.64%2.83%0.66%0.00%0.00%0.00%0.00%0.00%
FXNAX
Fidelity U.S. Bond Index Fund
3.01%2.92%2.41%1.81%2.10%2.69%2.74%2.52%2.52%2.69%2.59%2.39%
FBIIX
Fidelity International Bond Index Fund
3.15%2.85%1.02%0.62%0.74%0.17%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-1.13%
-0.54%
VTTSX Fidelity Zero Equivalent 2023
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the VTTSX Fidelity Zero Equivalent 2023. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the VTTSX Fidelity Zero Equivalent 2023 was 31.10%, occurring on Mar 23, 2020. Recovery took 102 trading sessions.

The current VTTSX Fidelity Zero Equivalent 2023 drawdown is 1.13%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.1%Feb 13, 202027Mar 23, 2020102Aug 17, 2020129
-25.39%Nov 9, 2021237Oct 14, 2022326Jan 29, 2024563
-7.17%Jul 17, 202414Aug 5, 202414Aug 23, 202428
-6.87%Sep 3, 202014Sep 23, 202032Nov 6, 202046
-4.9%Sep 7, 202120Oct 4, 202118Oct 28, 202138

Volatility

Volatility Chart

The current VTTSX Fidelity Zero Equivalent 2023 volatility is 2.21%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
2.21%
2.71%
VTTSX Fidelity Zero Equivalent 2023
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

FXNAXFBIIXFZROXFZILX
FXNAX1.000.710.040.07
FBIIX0.711.000.070.07
FZROX0.040.071.000.80
FZILX0.070.070.801.00
The correlation results are calculated based on daily price changes starting from Oct 11, 2019