Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
JAAA Janus Henderson AAA CLO ETF | CLO | 40% |
FFRHX Fidelity Floating Rate High Income Fund | Bank Loan | 30% |
VUSB Vanguard Ultra-Short Bond ETF | Ultrashort Bond | 15% |
FBGRX Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 15% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in FID-BLBondAlternative, 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 | 0.50% | -0.93% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio FID-BLBondAlternative | 0.01% | 0.00% | 3.97% | 4.55% | 10.38% | 10.22% | 6.71% | — |
| Portfolio components: | ||||||||
FBGRX Fidelity Blue Chip Growth Fund | 2.59% | -0.87% | 13.86% | 15.39% | 38.88% | 30.04% | 15.33% | 21.66% |
FFRHX Fidelity Floating Rate High Income Fund | -0.11% | -0.00% | 1.60% | 1.98% | 5.89% | 7.24% | 5.35% | 4.90% |
JAAA Janus Henderson AAA CLO ETF | 0.02% | 0.31% | 1.99% | 2.49% | 5.01% | 6.67% | 4.76% | — |
VUSB Vanguard Ultra-Short Bond ETF | 0.00% | 0.31% | 1.48% | 1.78% | 4.47% | 5.40% | 3.45% | — |
Monthly Returns
Based on dividend-adjusted daily data since Apr 7, 2021, FID-BLBondAlternative's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 71% of months were positive and 29% were negative. The best month was Jan 2023 with a return of +3.3%, while the worst month was Jun 2022 at -2.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FID-BLBondAlternative closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +2.0%, while the worst single day was Apr 3, 2025 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | -0.63% | -0.27% | 3.20% | 1.89% | -0.52% | 3.97% | ||||||
| 2025 | 0.84% | -0.57% | -1.60% | 0.02% | 2.46% | 1.84% | 1.10% | 0.60% | 1.24% | 0.84% | 0.10% | 0.68% | 7.75% |
| 2024 | 0.93% | 1.98% | 0.89% | -0.16% | 1.76% | 0.95% | 0.12% | 0.72% | 0.87% | 0.64% | 1.73% | 0.62% | 11.60% |
| 2023 | 3.25% | 0.16% | 1.10% | 0.77% | 1.28% | 2.30% | 1.74% | 0.41% | -0.47% | -0.21% | 2.59% | 1.90% | 15.79% |
| 2022 | -1.59% | -0.80% | 0.23% | -2.03% | -2.00% | -2.55% | 2.97% | -0.04% | -2.55% | 0.82% | 1.84% | -1.10% | -6.73% |
| 2021 | 0.42% | 0.03% | 1.11% | 0.13% | 0.91% | -0.47% | 1.34% | -0.07% | 0.01% | 3.45% |
Benchmark Metrics
FID-BLBondAlternative has an annualized alpha of 3.69%, beta of 0.22, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since April 07, 2021.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (26.80%) than losses (18.05%) - typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 3.69% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.22 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
- 3.69%
- Beta
- 0.22
- R²
- 0.83
- Upside Capture
- 26.80%
- Downside Capture
- 18.05%
Expense Ratio
FID-BLBondAlternative has an expense ratio of 0.41%, 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
FID-BLBondAlternative ranks 94 for risk / return — in the top 94% 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.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for FID-BLBondAlternative and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 3.11 | 1.86 | +1.25 |
| Sortino ratioReturn per unit of downside risk | 4.60 | 2.53 | +2.07 |
| Omega ratioGain probability vs. loss probability | 1.65 | 1.34 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 2.53 | +2.69 |
| Martin ratioReturn relative to average drawdown | 23.03 | 11.37 | +11.66 |
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 |
|---|---|---|---|---|---|---|
FBGRX Fidelity Blue Chip Growth Fund | 67 | 2.05 | 2.66 | 1.35 | 2.95 | 12.23 |
FFRHX Fidelity Floating Rate High Income Fund | 93 | 2.45 | 5.83 | 1.86 | 4.87 | 17.02 |
JAAA Janus Henderson AAA CLO ETF | 98 | 6.03 | 10.06 | 2.72 | 12.91 | 69.57 |
VUSB Vanguard Ultra-Short Bond ETF | 99 | 6.91 | 12.46 | 3.34 | 12.12 | 69.82 |
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Dividends
Dividend yield
FID-BLBondAlternative provided a 5.04% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.04% | 5.32% | 6.29% | 5.72% | 2.56% | 2.66% | 2.22% | 2.10% | 2.37% | 1.85% | 1.94% | 1.90% |
| Portfolio components: | ||||||||||||
FBGRX Fidelity Blue Chip Growth Fund | 1.67% | 1.90% | 5.95% | 0.93% | 0.57% | 8.73% | 6.40% | 3.70% | 6.32% | 4.23% | 4.05% | 5.30% |
FFRHX Fidelity Floating Rate High Income Fund | 7.10% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
JAAA Janus Henderson AAA CLO ETF | 4.99% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUSB Vanguard Ultra-Short Bond ETF | 4.39% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 FID-BLBondAlternative. 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 FID-BLBondAlternative was 9.28%, occurring on Oct 14, 2022. Recovery took 165 trading sessions.
The current FID-BLBondAlternative drawdown is 0.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -9.28%Oct 2022 | 10mo 26d | 8mo 2d | 1y 6moNov 2021 - Jun 2023 |
2025 selloff2025 | -5.23%Apr 2025 | 1mo 18d | 1mo 26d | 3mo 14dFeb 2025 - Jun 2025 |
2024 pullback2024 | -2.19%Aug 2024 | 25d | 25d | 1mo 20dJul 2024 - Aug 2024 |
2026 pullback2026 | -1.94%Mar 2026 | 2mo 1d | 9d | 2mo 10dJan 2026 - Apr 2026 |
2023 pullback2023 | -1.39%Oct 2023 | 1mo 20d | 8d | 1mo 28dSep 2023 - Nov 2023 |
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 3.39, 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 | 1.24 | 1.25 | 1.27 | 1.27 |
The portfolio has a diversification ratio of 1.27, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
FID-BLBondAlternative correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.89 |
Benchmark Correlations
Correlation vs. S&P 500 Index. FBGRX has the highest benchmark correlation at 0.91, while JAAA has the lowest at 0.13.
Asset Correlations Table
Find what FID-BLBondAlternative is missing
See which holdings overlap, where FID-BLBondAlternative is concentrated, and which low-correlation assets could fill the gaps.
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