50/50 Stocks/Bonds

Asset Allocation

Position	Category/Sector	Target Weight
FFRHX Fidelity Floating Rate High Income Fund	Bank Loan	50%
FGLGX Fidelity Series Large Cap Stock Fund	Large Cap Blend Equities	50%

Benchmark: S&P 500 Index · Rebalance: Every 3 months

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 50/50 Stocks/Bonds, 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 Every 3 months.

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Benchmark

Compare your portfolio against anything

Returns By Period

As of Aug 1, 2026, the 50/50 Stocks/Bonds returned 6.79% Year-To-Date and 10.65% of annualized return in the last 10 years.

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	0.70%	0.09%	7.94%	9.41%	18.15%	17.84%	11.25%	13.26%	8.09%
Portfolio 50/50 Stocks/Bonds	0.92%	0.24%	5.00%	6.79%	13.64%	15.11%	11.47%	10.65%	9.72%
Portfolio components:
FFRHX Fidelity Floating Rate High Income Fund	0.00%	0.11%	2.01%	2.14%	4.71%	6.51%	5.49%	4.82%	3.90%
FGLGX Fidelity Series Large Cap Stock Fund	1.85%	0.37%	7.61%	11.16%	22.62%	23.85%	17.30%	16.28%	15.04%

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

Monthly Returns

Based on dividend-adjusted daily data since Dec 11, 2012, 50/50 Stocks/Bonds's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +9.2%, while the worst month was Mar 2020 at -13.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, 50/50 Stocks/Bonds closed higher 55% of trading days. The best single day was Mar 26, 2020 with a return of +4.8%, while the worst single day was Mar 16, 2020 at -7.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.70%	-0.29%	-2.14%	5.36%	1.58%	0.17%	0.38%						6.79%
2025	2.54%	-0.72%	-2.72%	-0.43%	5.17%	3.85%	1.91%	1.20%	1.82%	1.06%	0.68%	1.50%	16.78%
2024	1.01%	3.07%	2.59%	-0.74%	2.73%	0.77%	1.10%	1.36%	1.33%	0.76%	3.42%	-1.49%	16.99%
2023	5.21%	-0.88%	0.61%	1.70%	-0.88%	4.27%	2.91%	-0.55%	-1.25%	-1.72%	4.85%	3.31%	18.66%
2022	0.31%	-0.73%	0.49%	-3.74%	0.20%	-6.11%	4.92%	-0.43%	-6.17%	6.51%	3.93%	-2.52%	-4.15%
2021	0.16%	3.86%	2.68%	2.54%	1.78%	0.04%	-0.15%	1.08%	-1.18%	3.33%	-2.26%	2.81%	15.50%

Benchmark Metrics

50/50 Stocks/Bonds has an annualized alpha of 2.67%, beta of 0.52, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since December 11, 2012.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (59.26%) than losses (57.92%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 2.67% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 0.52 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 2.67%

Beta: 0.52

R²: 0.88

Upside Capture: 59.26%

Downside Capture: 57.92%

See how alpha, beta & R² have trended over time →

Expense Ratio

50/50 Stocks/Bonds has an expense ratio of 0.34%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

FFRHX

Fidelity Floating Rate High Income Fund

FGLGX

Fidelity Series Large Cap Stock Fund

Return for Risk

Risk / Return Rank

50/50 Stocks/Bonds ranks 77 for risk / return — above 77% of Portfolios peers on PortfoliosLab. Its historical combined result is above most peers.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for 50/50 Stocks/Bonds and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.99	1.42	+0.57
Sortino ratioReturn per unit of downside risk	2.88	1.98	+0.90
Omega ratioGain probability vs. loss probability	1.37	1.25	+0.11
Calmar ratioReturn relative to maximum drawdown	2.76	2.00	+0.76
Martin ratioReturn relative to average drawdown	12.55	8.49	+4.06

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
FFRHX Fidelity Floating Rate High Income Fund	95	2.30	5.37	1.81	4.51	14.73
FGLGX Fidelity Series Large Cap Stock Fund	76	1.71	2.41	1.30	2.37	10.54

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current 50/50 Stocks/Bonds Sharpe ratio is 1.99 as of Aug 1, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.18 to 2.00, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 50/50 Stocks/Bonds compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

50/50 Stocks/Bonds provided a 7.62% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	7.62%	8.63%	7.46%	6.76%	5.18%	5.98%	4.60%	6.20%	8.51%	4.33%	3.06%	4.82%
Portfolio components:
FFRHX Fidelity Floating Rate High Income Fund	6.39%	7.41%	6.94%	8.24%	3.81%	2.74%	3.84%	5.15%	4.74%	4.05%	4.44%	3.69%
FGLGX Fidelity Series Large Cap Stock Fund	8.85%	9.84%	7.99%	5.29%	6.55%	9.22%	5.36%	7.25%	12.29%	4.61%	1.69%	5.94%

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the 50/50 Stocks/Bonds. 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 50/50 Stocks/Bonds was 29.37%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

The current 50/50 Stocks/Bonds drawdown is 0.58%.

Drawdown	Fall	Recovery	Underwater	Related event
-29.37%Mar 2020	2mo 2d	7mo 28d	10moJan 2020 - Nov 2020	COVID crash2020
-13.19%Sep 2022	8mo 20d	8mo 5d	1y 4moJan 2022 - Jun 2023	Bear market2022
-12.49%Feb 2016	8mo 25d	5mo 10d	1y 2moMay 2015 - Jul 2016	—
-12.16%Dec 2018	3mo 1d	3mo 23d	6mo 24dSep 2018 - Apr 2019	Rate-hike selloffLate 2018
-10.75%Apr 2025	2mo 14d	1mo 21d	4mo 5dJan 2025 - May 2025	2025 selloff2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.11	1.11	1.09	1.10	1.10

The portfolio has a diversification ratio of 1.10, placing it in the bottom quartile across portfolios. The holdings provided limited volatility reduction when combined.

50/50 Stocks/Bonds correlation to the S&P 500 Index

50/50 Stocks/Bonds has a 0.93 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 11, 2012	0.91

Benchmark Correlations

Correlation vs. S&P 500 Index. FGLGX has the highest benchmark correlation at 0.93, while FFRHX has the lowest at 0.27.

FFRHX

0.27

FGLGX

0.93

Portfolio Correlations

Correlation vs. 50/50 Stocks/Bonds. FGLGX has the highest portfolio correlation at 0.99, while FFRHX has the lowest at 0.41.

FFRHX

0.41

FGLGX

0.99

Asset Correlations Table

See how each holding historically moved in relation to the other holdings, the portfolio, and the selected benchmark.

	FFRHX	FGLGX
FFRHX	1.00	0.30
FGLGX	0.30	1.00

Based on daily historical returns since Dec 11, 2012

Diversification Analysis

Find what 50/50 Stocks/Bonds is missing

See which holdings overlap, where 50/50 Stocks/Bonds is concentrated, and which low-correlation assets could fill the gaps.

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