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50/50 Stocks/Bonds
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

50/50 Stocks/Bonds

Currency in USD · Last updated Jun 6, 2026

A 50/50 Stocks/Bonds portfolio is an investment strategy that allocates 50% of assets to a high-income bonds fund and 50% to a large-cap stocks fund. This portfolio is designed to balance the potential for higher returns from stocks with the stability and income generation of bonds.

Asset Allocation

FFRHX 50.00%FGLGX 50.00%BondBondEquityEquity
PositionCategory/SectorTarget Weight
FFRHX
Fidelity Floating Rate High Income Fund		Bank Loan
50%
FGLGX
Fidelity Series Large Cap Stock Fund		Large Cap Blend Equities
50%

S&P 500 Index

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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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Returns By Period

As of Jun 6, 2026, the 50/50 Stocks/Bonds returned 6.26% Year-To-Date and 10.77% of annualized return in the last 10 years.

Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
-2.64%-0.21%7.86%7.85%23.05%19.90%11.79%13.33%
Portfolio
50/50 Stocks/Bonds
0.51%1.10%6.26%7.32%18.34%17.10%11.24%10.77%
Portfolio components:
FFRHX
Fidelity Floating Rate High Income Fund		-0.11%0.44%1.94%2.35%6.01%7.56%5.44%4.94%
FGLGX
Fidelity Series Large Cap Stock Fund		1.06%1.69%10.30%11.88%31.08%26.89%16.88%16.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Dec 12, 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%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.70%-0.29%-2.14%5.36%1.58%0.06%6.26%
20252.54%-0.72%-2.72%-0.43%5.17%3.85%1.91%1.20%1.82%1.06%0.68%1.50%16.78%
20241.01%3.07%2.59%-0.74%2.73%0.77%1.10%1.36%1.33%0.76%3.42%-1.49%16.99%
20235.21%-0.88%0.61%1.70%-0.88%4.27%2.91%-0.55%-1.25%-1.72%4.85%3.31%18.66%
20220.31%-0.73%0.49%-3.74%0.20%-6.11%4.92%-0.43%-6.17%6.51%3.93%-2.52%-4.15%
20210.16%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 2.60%, beta of 0.52, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since December 12, 2012.

  • This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (59.34%) than losses (58.73%) - typical of diversified or defensive assets.
  • This portfolio generated an annualized alpha of 2.60% 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
2.60%
Beta
0.52
R²
0.88
Upside Capture
59.34%
Downside Capture
58.73%

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 81 for risk / return — in the top 81% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

50/50 Stocks/Bonds Risk / Return Rank: 8181
Overall Rank
50/50 Stocks/Bonds Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
50/50 Stocks/Bonds Sortino Ratio Rank: 8888
Sortino Ratio Rank
50/50 Stocks/Bonds Omega Ratio Rank: 8888
Omega Ratio Rank
50/50 Stocks/Bonds Calmar Ratio Rank: 7070
Calmar Ratio Rank
50/50 Stocks/Bonds Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

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

PortfolioBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

2.87

2.01

+0.86

Sortino ratioReturn per unit of downside risk

4.20

2.71

+1.49

Omega ratioGain probability vs. loss probability

1.56

1.36

+0.20

Calmar ratioReturn relative to maximum drawdown

3.77

2.69

+1.09

Martin ratioReturn relative to average drawdown

17.83

12.34

+5.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

PositionRisk / Return RankSharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
FFRHX
Fidelity Floating Rate High Income Fund		922.566.141.925.0717.91
FGLGX
Fidelity Series Large Cap Stock Fund		802.623.621.473.4215.66

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.

50/50 Stocks/Bonds Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

  • 1-Year: 2.87
  • 5-Year: 1.25
  • 10-Year: 1.07
  • All Time: 1.04

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

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 8.00% dividend yield over the last twelve months.

PositionTTM20252024202320222021202020192018201720162015
Portfolio8.00%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		7.08%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		8.92%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 0.14%.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-29.37%Mar 2020
2mo 2d7mo 28d
10moJan 2020 - Nov 2020
Bear market2022
-13.19%Sep 2022
8mo 20d8mo 5d
1y 4moJan 2022 - Jun 2023
2016 correction2016
-12.49%Feb 2016
8mo 25d5mo 10d
1y 2moMay 2015 - Jul 2016
Rate-hike selloffLate 2018
-12.16%Dec 2018
3mo 1d3mo 23d
6mo 24dSep 2018 - Apr 2019
2025 selloff2025
-10.75%Apr 2025
2mo 14d1mo 21d
4mo 5dJan 2025 - May 2025

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

1.12

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 — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

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)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Dec 12, 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

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
FFRHXFGLGX
FFRHX1.000.30
FGLGX0.301.00
The correlation results are calculated based on daily price changes starting from Dec 12, 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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