Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FFNOX Fidelity Multi-Asset Index Fund | Diversified Portfolio | 40% |
FMSDX Fidelity Multi-Asset Income Fund | Diversified Portfolio | 30% |
FCNVX Fidelity Conservative Income Bond Institutional Class | Total Bond Market | 20% |
FSAHX Fidelity Short Duration High Income Fund | High Yield Bonds | 10% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Monitor Alternative 2025.09e FOUR FUNDS, 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
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio Fidelity Monitor Alternative 2025.09e FOUR FUNDS | -1.83% | -1.27% | 5.51% | 5.65% | 15.59% | 12.22% | 6.52% | — |
| Portfolio components: | ||||||||
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.00% | 0.33% | 1.50% | 1.85% | 4.24% | 5.03% | 3.58% | 2.58% |
FFNOX Fidelity Multi-Asset Index Fund | -2.72% | -0.73% | 8.10% | 8.75% | 21.63% | 16.95% | 8.80% | 10.84% |
FMSDX Fidelity Multi-Asset Income Fund | -2.19% | -3.41% | 5.38% | 4.57% | 17.46% | 11.88% | 5.71% | — |
FSAHX Fidelity Short Duration High Income Fund | -0.33% | 0.05% | 2.62% | 3.15% | 8.43% | 8.37% | 4.38% | 4.50% |
Monthly Returns
Based on dividend-adjusted daily data since Feb 27, 2018, Fidelity Monitor Alternative 2025.09e FOUR FUNDS's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +7.1%, while the worst month was Mar 2020 at -7.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Fidelity Monitor Alternative 2025.09e FOUR FUNDS closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +4.1%, while the worst single day was Mar 16, 2020 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.30% | 1.87% | -3.70% | 5.03% | 2.14% | -1.99% | 5.51% | ||||||
| 2025 | 2.14% | -0.22% | -2.20% | 0.41% | 3.09% | 3.19% | 0.98% | 1.73% | 2.71% | 1.58% | -0.36% | 0.20% | 13.93% |
| 2024 | 0.17% | 1.86% | 2.26% | -2.17% | 2.91% | 0.75% | 1.59% | 1.32% | 1.62% | -1.26% | 3.17% | -2.39% | 10.07% |
| 2023 | 5.01% | -1.27% | 1.38% | 0.44% | -0.82% | 3.01% | 1.93% | -1.39% | -2.42% | -1.73% | 5.19% | 3.74% | 13.43% |
| 2022 | -2.71% | -1.21% | 0.67% | -5.24% | -0.44% | -5.24% | 4.26% | -1.91% | -5.48% | 2.80% | 4.84% | -2.18% | -11.84% |
| 2021 | 0.01% | 1.88% | 1.76% | 2.65% | 1.04% | 0.73% | 0.65% | 1.19% | -2.03% | 3.08% | -1.34% | 1.98% | 12.11% |
Benchmark Metrics
Fidelity Monitor Alternative 2025.09e FOUR FUNDS has an annualized alpha of 1.81%, beta of 0.47, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since February 27, 2018.
- This portfolio participated in 56.09% of S&P 500 Index downside but only 50.31% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.47 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
- 1.81%
- Beta
- 0.47
- R²
- 0.91
- Upside Capture
- 50.31%
- Downside Capture
- 56.09%
Expense Ratio
Fidelity Monitor Alternative 2025.09e FOUR FUNDS has an expense ratio of 0.40%, 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.
Return for Risk
Risk / Return Rank
Fidelity Monitor Alternative 2025.09e FOUR FUNDS ranks 53 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Fidelity Monitor Alternative 2025.09e FOUR FUNDS and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.07 | 1.94 | +0.14 |
| Sortino ratioReturn per unit of downside risk | 2.88 | 2.63 | +0.25 |
| Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.59 | +0.40 |
| Martin ratioReturn relative to average drawdown | 12.80 | 11.84 | +0.96 |
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.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 99 | 3.52 | 23.50 | 13.78 | 41.82 | 153.67 |
FFNOX Fidelity Multi-Asset Index Fund | 49 | 1.94 | 2.67 | 1.36 | 2.60 | 11.27 |
FMSDX Fidelity Multi-Asset Income Fund | 43 | 1.76 | 2.37 | 1.32 | 2.77 | 9.55 |
FSAHX Fidelity Short Duration High Income Fund | 94 | 2.84 | 5.38 | 1.72 | 4.75 | 25.31 |
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Dividends
Dividend yield
Fidelity Monitor Alternative 2025.09e FOUR FUNDS provided a 3.58% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.58% | 4.23% | 5.36% | 4.13% | 4.55% | 3.46% | 2.20% | 2.94% | 3.36% | 0.93% | 1.68% | 0.81% |
| Portfolio components: | ||||||||||||
FCNVX Fidelity Conservative Income Bond Institutional Class | 4.15% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
FFNOX Fidelity Multi-Asset Index Fund | 2.38% | 3.68% | 6.43% | 3.18% | 7.14% | 5.71% | 2.87% | 2.96% | 2.90% | 0.64% | 2.50% | 0.70% |
FMSDX Fidelity Multi-Asset Income Fund | 3.57% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
FSAHX Fidelity Short Duration High Income Fund | 7.31% | 7.36% | 6.08% | 5.97% | 3.26% | 2.85% | 3.19% | 4.22% | 4.52% | 4.11% | 4.73% | 4.40% |
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 Fidelity Monitor Alternative 2025.09e FOUR FUNDS. 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 Fidelity Monitor Alternative 2025.09e FOUR FUNDS was 20.65%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.
The current Fidelity Monitor Alternative 2025.09e FOUR FUNDS drawdown is 2.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -20.65%Mar 2020 | 1mo 2d | 4mo 8d | 5mo 10dFeb 2020 - Jul 2020 |
Bear market2022 | -17.10%Oct 2022 | 11mo 9d | 1y 3mo | 2y 2moNov 2021 - Feb 2024 |
2025 selloff2025 | -9.42%Apr 2025 | 1mo 18d | 1mo 25d | 3mo 13dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -8.56%Dec 2018 | 3mo 1d | 1mo 27d | 4mo 28dSep 2018 - Feb 2019 |
2026 pullback2026 | -5.36%Mar 2026 | 28d | 16d | 1mo 14dMar 2026 - Apr 2026 |
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 4 assets, with an effective number of assets of 3.33, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.07 | 1.07 | 1.07 | 1.06 |
The portfolio has a diversification ratio of 1.06, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
Fidelity Monitor Alternative 2025.09e FOUR FUNDS correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.93 |
Benchmark Correlations
Correlation vs. S&P 500 Index. FFNOX has the highest benchmark correlation at 0.96, while FCNVX has the lowest at 0.02.
Asset Correlations Table
Find what Fidelity Monitor Alternative 2025.09e FOUR FUNDS is missing
See which holdings overlap, where Fidelity Monitor Alternative 2025.09e FOUR FUNDS is concentrated, and which low-correlation assets could fill the gaps.
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