Fidelity Go Alternative
Use public funds / etfs similar to https://portfolioslab.com/portfolio/kel8seeo9b1711nawknil848
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Go Alternative, 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
The earliest data available for this chart is Jun 14, 2016, corresponding to the inception date of FTIHX
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 17.76% | 2.89% | 10.80% | 27.49% | 14.28% | 10.89% |
| Fidelity Go Alternative | 7.03% | 1.63% | 5.33% | 13.44% | 6.16% | N/A |
| Portfolio components: | ||||||
FXAIX Fidelity 500 Index Fund | 18.82% | 3.02% | 11.56% | 29.36% | 16.04% | 13.00% |
FTIHX Fidelity Total International Index Fund | 10.42% | 3.57% | 8.85% | 19.46% | 7.81% | N/A |
FSMDX Fidelity Mid Cap Index Fund | 11.56% | 2.39% | 8.48% | 22.36% | 11.41% | 9.68% |
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 2.49% | 0.47% | 2.04% | 4.11% | 1.54% | 1.26% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.25% | 0.89% | 1.82% | 6.24% | 0.99% | N/A |
FSSNX Fidelity Small Cap Index Fund | 10.45% | -1.71% | 10.14% | 21.53% | 10.08% | 8.34% |
Monthly Returns
The table below presents the monthly returns of Fidelity Go Alternative, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.06% | 1.81% | 1.34% | -1.99% | 1.77% | 1.33% | 1.58% | 7.03% | |||||
| 2023 | 4.20% | -2.22% | 2.26% | 0.40% | -0.59% | 2.80% | 1.51% | -1.53% | -2.96% | -1.63% | 6.26% | 3.33% | 11.99% |
| 2022 | -3.13% | -1.25% | -0.52% | -4.45% | 1.02% | -3.99% | 4.24% | -2.74% | -5.21% | 2.27% | 5.50% | -2.11% | -10.49% |
| 2021 | 0.03% | 0.46% | 1.57% | 2.17% | 0.73% | 0.74% | 0.60% | 0.85% | -2.00% | 2.17% | -0.51% | 1.71% | 8.79% |
| 2020 | 0.33% | -2.64% | -7.07% | 4.01% | 3.59% | 1.49% | 2.78% | 2.24% | -1.29% | -1.07% | 5.56% | 2.37% | 10.09% |
| 2019 | 3.53% | 1.51% | 1.22% | 1.67% | -1.79% | 2.81% | 0.58% | -0.11% | 0.48% | 1.08% | 1.26% | 1.55% | 14.57% |
| 2018 | 1.69% | -1.99% | -0.48% | 0.05% | 1.08% | 0.01% | 1.40% | 0.77% | -0.22% | -3.24% | 1.16% | -2.34% | -2.23% |
| 2017 | 1.13% | 1.51% | 0.48% | 0.81% | 1.41% | 0.18% | 1.37% | 0.50% | 0.67% | 0.92% | 0.79% | 0.97% | 11.29% |
| 2016 | 0.98% | 1.66% | 0.18% | -0.05% | -1.19% | -0.83% | 1.48% | 2.21% |
Expense Ratio
Fidelity Go Alternative has an expense ratio of 0.07%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Fidelity Go Alternative is 51, 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.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 2.12 | 2.90 | 1.39 | 2.26 | 9.90 |
FTIHX Fidelity Total International Index Fund | 1.29 | 1.90 | 1.25 | 0.89 | 6.17 |
FSMDX Fidelity Mid Cap Index Fund | 1.36 | 1.96 | 1.24 | 0.91 | 5.12 |
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 3.69 | 10.47 | 3.70 | 20.56 | 55.34 |
VTEB Vanguard Tax-Exempt Bond ETF | 1.42 | 2.17 | 1.27 | 0.58 | 4.47 |
FSSNX Fidelity Small Cap Index Fund | 0.87 | 1.38 | 1.16 | 0.59 | 3.33 |
Dividends
Dividend yield
Fidelity Go Alternative granted a 2.48% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fidelity Go Alternative | 2.48% | 2.43% | 1.87% | 1.52% | 1.67% | 2.19% | 2.31% | 1.84% | 1.60% | 1.19% | 0.84% | 0.56% |
| Portfolio components: | ||||||||||||
FXAIX Fidelity 500 Index Fund | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
FTIHX Fidelity Total International Index Fund | 2.52% | 2.78% | 2.51% | 2.55% | 1.62% | 2.61% | 2.21% | 1.81% | 0.47% | 0.00% | 0.00% | 0.00% |
FSMDX Fidelity Mid Cap Index Fund | 1.02% | 1.39% | 2.07% | 3.35% | 2.34% | 2.86% | 2.60% | 2.53% | 2.23% | 4.68% | 3.82% | 2.74% |
FMNDX Fidelity Conservative Income Municipal Bond Fund Institutional Class | 3.21% | 2.88% | 1.06% | 0.25% | 0.87% | 1.58% | 1.45% | 0.99% | 0.71% | 0.42% | 0.26% | 0.02% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.01% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
FSSNX Fidelity Small Cap Index Fund | 1.12% | 1.43% | 1.26% | 3.92% | 0.94% | 2.96% | 5.39% | 3.67% | 2.27% | 4.53% | 4.80% | 2.82% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Go Alternative. 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 Go Alternative was 19.55%, occurring on Mar 20, 2020. Recovery took 90 trading sessions.
The current Fidelity Go Alternative drawdown is 0.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.55% | Feb 20, 2020 | 22 | Mar 20, 2020 | 90 | Jul 29, 2020 | 112 |
| -15.42% | Jan 5, 2022 | 188 | Sep 30, 2022 | 314 | Dec 27, 2023 | 502 |
| -6.79% | Aug 30, 2018 | 80 | Dec 24, 2018 | 40 | Feb 22, 2019 | 120 |
| -4.37% | Jan 29, 2018 | 9 | Feb 8, 2018 | 140 | Aug 27, 2018 | 149 |
| -3.42% | Sep 3, 2020 | 14 | Sep 23, 2020 | 33 | Nov 9, 2020 | 47 |
Volatility
Volatility Chart
The current Fidelity Go Alternative volatility is 2.24%, 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.
Diversification
Asset Correlations Table
| FMNDX | VTEB | FTIHX | FSSNX | FXAIX | FSMDX | |
|---|---|---|---|---|---|---|
| FMNDX | 1.00 | 0.25 | 0.02 | 0.01 | 0.02 | 0.02 |
| VTEB | 0.25 | 1.00 | 0.06 | 0.01 | 0.03 | 0.04 |
| FTIHX | 0.02 | 0.06 | 1.00 | 0.70 | 0.77 | 0.76 |
| FSSNX | 0.01 | 0.01 | 0.70 | 1.00 | 0.81 | 0.93 |
| FXAIX | 0.02 | 0.03 | 0.77 | 0.81 | 1.00 | 0.91 |
| FSMDX | 0.02 | 0.04 | 0.76 | 0.93 | 0.91 | 1.00 |