Fidelity 1
The All-Weather portfolio is an investment strategy developed by Ray Dalio, the founder of Bridgewater Associates, a prominent hedge fund. It is designed to be a globally diversified portfolio that can perform well in various market conditions, hence the name "All Weather." The portfolio is intended to be relatively simple and easy to implement, with a mix of stocks, bonds, commodities, and currencies.
The core of the All Weather portfolio is a combination of 30% stocks, 40% long-term bonds, 15% intermediate-term bonds, and 15% commodities. The specific investments within each category can vary, but the overall allocation is meant to be relatively stable over time, which could be achieved through regular rebalancing.
One of the fundamental principles behind the All Weather portfolio is the idea of "risk parity," which seeks to balance risk across different asset classes rather than maximizing returns from any particular asset. The goal is to create a portfolio that can weather market volatility and produce consistent returns over the long term.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FBALX Fidelity Balanced Fund | Diversified Portfolio | 30% |
FBGRX Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 70% |
Performance
Performance Chart
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The earliest data available for this chart is Jun 23, 1988, corresponding to the inception date of FBGRX
Returns By Period
As of Jun 2, 2025, the Fidelity 1 returned -2.20% Year-To-Date and 14.92% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.92% | 4.38% | -1.84% | 12.48% | 13.71% | 10.99% |
| Fidelity 1 | -1.56% | 6.32% | -2.09% | 12.29% | 16.32% | 15.03% |
| Portfolio components: | ||||||
FBGRX Fidelity Blue Chip Growth Fund | -2.78% | 7.81% | -2.61% | 13.16% | 17.90% | 16.99% |
FBALX Fidelity Balanced Fund | 1.27% | 3.15% | -1.33% | 9.32% | 10.71% | 9.42% |
Monthly Returns
The table below presents the monthly returns of Fidelity 1, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.14% | -3.63% | -8.52% | 0.33% | 8.25% | 0.65% | -1.56% | ||||||
| 2024 | 2.44% | 7.43% | 3.11% | -3.72% | 6.45% | 4.82% | -2.02% | 1.69% | 2.29% | 0.07% | 6.31% | 0.37% | 32.68% |
| 2023 | 10.83% | -1.27% | 5.97% | 0.46% | 5.81% | 6.73% | 4.42% | -1.55% | -5.46% | -2.25% | 10.53% | 5.29% | 45.45% |
| 2022 | -9.37% | -3.17% | 2.16% | -12.09% | -3.29% | -9.43% | 11.51% | -3.91% | -9.29% | 3.93% | 5.05% | -7.67% | -32.37% |
| 2021 | 0.63% | 2.40% | 0.46% | 5.09% | -0.82% | 5.19% | 0.71% | 3.58% | -4.13% | 6.92% | -0.11% | 0.08% | 21.33% |
| 2020 | 2.48% | -5.51% | -10.93% | 15.04% | 7.78% | 6.43% | 6.99% | 10.94% | -3.57% | -2.64% | 12.38% | 5.46% | 50.35% |
| 2019 | 8.78% | 3.10% | 2.28% | 4.46% | -7.07% | 6.52% | 1.71% | -1.79% | -1.36% | 3.43% | 4.79% | 3.21% | 30.72% |
| 2018 | 7.25% | -2.42% | -2.39% | 1.11% | 4.15% | 2.01% | 1.35% | 4.72% | -0.03% | -9.07% | -0.05% | -5.96% | -0.49% |
| 2017 | 3.98% | 3.64% | 1.99% | 2.69% | 3.31% | -0.38% | 2.94% | 1.50% | 1.04% | 3.49% | 1.78% | 0.81% | 30.21% |
| 2016 | -7.07% | -1.58% | 5.84% | 0.15% | 2.09% | -2.11% | 5.45% | 0.69% | 1.23% | -2.46% | 0.79% | 0.83% | 3.22% |
| 2015 | -0.90% | 5.69% | -0.24% | -0.52% | 1.97% | -1.12% | 2.93% | -5.77% | -3.27% | 6.69% | 0.85% | -0.92% | 4.83% |
| 2014 | -1.52% | 5.84% | -2.23% | -1.40% | 3.27% | 2.99% | -1.67% | 4.68% | -1.43% | 2.73% | 2.55% | -0.44% | 13.74% |
Expense Ratio
Fidelity 1 has an expense ratio of 0.71%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Fidelity 1 is 19, meaning it’s performing worse than 81% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 | |
|---|---|---|---|---|---|
FBGRX Fidelity Blue Chip Growth Fund | 0.47 | 0.74 | 1.10 | 0.41 | 1.27 |
FBALX Fidelity Balanced Fund | 0.73 | 1.11 | 1.16 | 0.74 | 2.74 |
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Dividends
Dividend yield
Fidelity 1 provided a 5.98% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.98% | 5.86% | 1.64% | 2.82% | 9.01% | 6.25% | 3.86% | 7.72% | 5.37% | 3.75% | 6.02% | 7.11% |
| Portfolio components: | ||||||||||||
FBGRX Fidelity Blue Chip Growth Fund | 6.12% | 5.95% | 0.93% | 0.57% | 8.73% | 6.40% | 3.70% | 6.32% | 4.28% | 4.05% | 5.30% | 5.96% |
FBALX Fidelity Balanced Fund | 5.65% | 5.67% | 3.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% | 9.78% |
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 1. 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 1 was 49.58%, occurring on Mar 9, 2009. Recovery took 445 trading sessions.
The current Fidelity 1 drawdown is 6.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.58% | Nov 1, 2007 | 338 | Mar 9, 2009 | 445 | Dec 10, 2010 | 783 |
| -44.24% | Sep 5, 2000 | 529 | Oct 9, 2002 | 1136 | Apr 17, 2007 | 1665 |
| -36.54% | Nov 22, 2021 | 226 | Oct 14, 2022 | 326 | Feb 2, 2024 | 552 |
| -30.48% | Feb 20, 2020 | 23 | Mar 23, 2020 | 50 | Jun 3, 2020 | 73 |
| -22.7% | Jan 24, 2025 | 52 | Apr 8, 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 1.72, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | FBALX | FBGRX | Portfolio | |
|---|---|---|---|---|
| ^GSPC | 1.00 | 0.90 | 0.92 | 0.93 |
| FBALX | 0.90 | 1.00 | 0.87 | 0.91 |
| FBGRX | 0.92 | 0.87 | 1.00 | 0.99 |
| Portfolio | 0.93 | 0.91 | 0.99 | 1.00 |