MR Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
FIVFX Fidelity International Capital Appreciation Fund	Foreign Large Cap Equities	7%
FNCMX Fidelity NASDAQ Composite Index Fund	Large Cap Growth Equities	6%
FSCPX Fidelity Select Consumer Discretionary Portfolio	Consumer Discretionary Equities	10%
FSCRX Fidelity Small Cap Discovery Fund	Small Cap Blend Equities	6%
FSDAX Fidelity Select Defense & Aerospace Portfolio	Industrials Equities	6%
FSHCX Fidelity Select Health Care Services Portfolio	Health & Biotech Equities	5%
FSHOX Fidelity Select Construction & Housing Portfolio	Consumer Discretionary Equities	12%
FSKAX Fidelity Total Market Index Fund	Large Cap Blend Equities	13%
FSPTX Fidelity Select Technology Portfolio	Technology Equities	6%
FSRNX Fidelity Real Estate Index Fund	REIT	10%
FTHRX Fidelity Intermediate Bond Fund	Total Bond Market	6%
FXAIX Fidelity 500 Index Fund	S&P 500	13%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in MR Portfolio, 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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The earliest data available for this chart is Sep 9, 2011, corresponding to the inception date of FSRNX

Returns By Period

As of Apr 2, 2026, the MR Portfolio returned -2.35% Year-To-Date and 12.28% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio MR Portfolio	0.83%	-4.28%	-2.35%	-1.93%	14.38%	15.28%	8.70%	12.28%
Portfolio components:
FSKAX Fidelity Total Market Index Fund	0.71%	-3.39%	-3.30%	-1.48%	17.58%	18.15%	10.66%	13.64%
FXAIX Fidelity 500 Index Fund	0.72%	-3.44%	-3.65%	-1.50%	17.37%	18.58%	11.95%	14.16%
FSHOX Fidelity Select Construction & Housing Portfolio	0.93%	-7.85%	0.56%	-3.89%	10.40%	14.96%	9.99%	14.23%
FSCPX Fidelity Select Consumer Discretionary Portfolio	0.77%	-4.08%	-7.47%	-6.23%	12.15%	15.11%	5.02%	11.40%
FSRNX Fidelity Real Estate Index Fund	0.37%	-5.81%	1.30%	-0.79%	1.17%	6.39%	2.77%	3.32%
FIVFX Fidelity International Capital Appreciation Fund	—	—	—	—	—	—	—	—
FSPTX Fidelity Select Technology Portfolio	1.53%	-0.05%	-2.53%	-2.34%	37.42%	29.43%	14.95%	23.03%
FSDAX Fidelity Select Defense & Aerospace Portfolio	2.74%	-8.36%	2.90%	5.60%	42.12%	26.35%	16.35%	15.70%
FNCMX Fidelity NASDAQ Composite Index Fund	1.16%	-2.94%	-5.91%	-4.15%	24.82%	22.30%	11.05%	16.99%
FTHRX Fidelity Intermediate Bond Fund	0.00%	-1.25%	-0.39%	0.46%	3.89%	4.26%	1.11%	2.08%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 12, 2011, MR Portfolio's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, your investment would double in approximately 5.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.6%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MR Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.5%, while the worst single day was Mar 16, 2020 at -13.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.18%	0.87%	-6.04%	0.83%									-2.35%
2025	3.42%	-2.21%	-4.46%	0.09%	5.52%	4.19%	1.37%	3.22%	2.53%	0.82%	-0.07%	-0.09%	14.81%
2024	-0.76%	5.56%	2.90%	-5.14%	3.76%	1.68%	3.92%	1.83%	2.58%	-2.63%	6.39%	-3.80%	16.71%
2023	8.46%	-2.36%	2.06%	0.63%	-0.17%	7.22%	3.19%	-2.28%	-5.41%	-2.68%	9.61%	6.82%	26.54%
2022	-7.42%	-2.07%	1.78%	-7.83%	-1.67%	-7.99%	10.49%	-4.37%	-8.97%	6.43%	5.71%	-5.12%	-21.00%
2021	-0.16%	2.93%	4.62%	5.06%	0.29%	1.70%	1.72%	1.99%	-4.20%	6.46%	-0.93%	4.60%	26.33%

Benchmark Metrics

MR Portfolio has an annualized alpha of 1.39%, beta of 0.94, and R² of 0.95 versus S&P 500 Index. Calculated based on daily prices since September 12, 2011.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.96%) than losses (94.69%) — typical of diversified or defensive assets.
With beta of 0.94 and R² of 0.95, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 1.39%

Beta: 0.94

R²: 0.95

Upside Capture: 98.96%

Downside Capture: 94.69%

Expense Ratio

MR Portfolio has an expense ratio of 0.47%, 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.

Top 10 holdings

FIVFX

Fidelity International Capital Appreciation Fund

FSCRX

Fidelity Small Cap Discovery Fund

FSHOX

Fidelity Select Construction & Housing Portfolio

FSCPX

Fidelity Select Consumer Discretionary Portfolio

FSDAX

Fidelity Select Defense & Aerospace Portfolio

FSHCX

Fidelity Select Health Care Services Portfolio

FSPTX

Fidelity Select Technology Portfolio

FTHRX

Fidelity Intermediate Bond Fund

FNCMX

Fidelity NASDAQ Composite Index Fund

FSRNX

Fidelity Real Estate Index Fund

Return for Risk

Risk / Return Rank

MR Portfolio ranks 25 for risk / return — below 25% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	0.93	0.88	+0.05
Sortino ratio Return per unit of downside risk	1.45	1.37	+0.08
Omega ratio Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio Return relative to maximum drawdown	1.42	1.39	+0.03
Martin ratio Return relative to average drawdown	6.32	6.43	-0.12
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.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
FSKAX Fidelity Total Market Index Fund	49	0.99	1.52	1.23	1.53	7.26
FXAIX Fidelity 500 Index Fund	50	1.00	1.52	1.23	1.53	7.30
FSHOX Fidelity Select Construction & Housing Portfolio	16	0.56	0.99	1.11	0.76	2.31
FSCPX Fidelity Select Consumer Discretionary Portfolio	20	0.59	1.05	1.13	1.00	3.35
FSRNX Fidelity Real Estate Index Fund	5	0.11	0.26	1.03	0.15	0.57
FIVFX Fidelity International Capital Appreciation Fund	—	—	—	—	—	—
FSPTX Fidelity Select Technology Portfolio	73	1.32	1.96	1.27	2.60	8.88
FSDAX Fidelity Select Defense & Aerospace Portfolio	86	1.81	2.40	1.35	2.70	10.44
FNCMX Fidelity NASDAQ Composite Index Fund	60	1.12	1.72	1.25	2.04	7.40
FTHRX Fidelity Intermediate Bond Fund	59	1.25	1.87	1.23	1.90	6.58

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.

MR Portfolio Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 0.93
5-Year: 0.53
10-Year: 0.71
All Time: 0.82

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 1.00 to 1.69, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of MR Portfolio 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

MR Portfolio provided a 4.39% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.39%	4.33%	5.01%	1.90%	4.05%	4.67%	3.26%	3.52%	8.60%	5.31%	2.41%	3.10%
Portfolio components:
FSKAX Fidelity Total Market Index Fund	1.05%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%
FXAIX Fidelity 500 Index Fund	1.16%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
FSHOX Fidelity Select Construction & Housing Portfolio	3.89%	3.91%	4.05%	0.82%	0.80%	5.45%	4.73%	7.91%	15.47%	13.62%	3.61%	3.26%
FSCPX Fidelity Select Consumer Discretionary Portfolio	6.25%	5.78%	7.41%	2.17%	13.79%	9.08%	1.16%	2.22%	3.32%	3.72%	0.90%	3.81%
FSRNX Fidelity Real Estate Index Fund	2.74%	2.77%	2.86%	2.84%	2.66%	1.25%	3.33%	4.52%	3.62%	2.27%	3.40%	2.57%
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
FSPTX Fidelity Select Technology Portfolio	9.30%	9.06%	9.42%	0.01%	3.95%	11.62%	18.86%	1.86%	23.77%	8.32%	1.54%	4.19%
FSDAX Fidelity Select Defense & Aerospace Portfolio	4.36%	4.48%	7.68%	6.47%	8.87%	8.38%	2.11%	2.62%	11.45%	3.57%	4.87%	6.30%
FNCMX Fidelity NASDAQ Composite Index Fund	0.55%	0.51%	0.61%	0.67%	0.88%	0.47%	0.67%	4.41%	1.93%	0.03%	1.01%	1.50%
FTHRX Fidelity Intermediate Bond Fund	3.34%	3.59%	3.49%	2.94%	1.55%	1.53%	4.16%	2.49%	2.48%	2.20%	2.63%	2.13%

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 MR Portfolio. 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 MR Portfolio was 35.14%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.

The current MR Portfolio drawdown is 6.71%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.14%	Feb 20, 2020	23	Mar 23, 2020	99	Aug 12, 2020	122
-27.1%	Jan 4, 2022	197	Oct 14, 2022	301	Dec 27, 2023	498
-18.83%	Sep 21, 2018	65	Dec 24, 2018	70	Apr 5, 2019	135
-16.95%	Dec 5, 2024	84	Apr 8, 2025	52	Jun 24, 2025	136
-14.44%	Dec 2, 2015	49	Feb 11, 2016	76	Jun 1, 2016	125

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 12 assets, with an effective number of assets of 10.68, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

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

	Benchmark	FTHRX	FSHCX	FSRNX	FSDAX	FIVFX	FSHOX	FSPTX	FSCPX	FSCRX	FNCMX	FXAIX	FSKAX	Portfolio
Benchmark	1.00	-0.12	0.62	0.60	0.72	0.78	0.78	0.86	0.86	0.83	0.93	1.00	0.99	0.96
FTHRX	-0.12	1.00	-0.11	0.12	-0.13	-0.02	-0.01	-0.10	-0.08	-0.13	-0.10	-0.12	-0.12	-0.06
FSHCX	0.62	-0.11	1.00	0.46	0.51	0.49	0.54	0.46	0.52	0.61	0.53	0.62	0.63	0.65
FSRNX	0.60	0.12	0.46	1.00	0.49	0.51	0.68	0.42	0.54	0.61	0.49	0.60	0.61	0.70
FSDAX	0.72	-0.13	0.51	0.49	1.00	0.59	0.65	0.57	0.63	0.73	0.62	0.72	0.73	0.76
FIVFX	0.78	-0.02	0.49	0.51	0.59	1.00	0.65	0.73	0.71	0.67	0.76	0.78	0.79	0.80
FSHOX	0.78	-0.01	0.54	0.68	0.65	0.65	1.00	0.62	0.78	0.81	0.69	0.78	0.80	0.88
FSPTX	0.86	-0.10	0.46	0.42	0.57	0.73	0.62	1.00	0.77	0.67	0.95	0.86	0.86	0.83
FSCPX	0.86	-0.08	0.52	0.54	0.63	0.71	0.78	0.77	1.00	0.77	0.85	0.86	0.87	0.90
FSCRX	0.83	-0.13	0.61	0.61	0.73	0.67	0.81	0.67	0.77	1.00	0.74	0.82	0.86	0.89
FNCMX	0.93	-0.10	0.53	0.49	0.62	0.76	0.69	0.95	0.85	0.74	1.00	0.93	0.93	0.90
FXAIX	1.00	-0.12	0.62	0.60	0.72	0.78	0.78	0.86	0.86	0.82	0.93	1.00	0.99	0.96
FSKAX	0.99	-0.12	0.63	0.61	0.73	0.79	0.80	0.86	0.87	0.86	0.93	0.99	1.00	0.97
Portfolio	0.96	-0.06	0.65	0.70	0.76	0.80	0.88	0.83	0.90	0.89	0.90	0.96	0.97	1.00

The correlation results are calculated based on daily price changes starting from Sep 12, 2011

MR Portfolio

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table