2025 Proposed Fidelity

Asset Allocation

Position	Category/Sector	Target Weight
FSKAX Fidelity Total Market Index Fund	Large Cap Blend Equities	60%
FSGGX Fidelity Global ex U.S. Index Fund	Foreign Large Cap Equities	40%
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares	Total Bond Market	0%
FXAIX Fidelity 500 Index Fund	S&P 500	0%
FSMDX Fidelity Mid Cap Index Fund	Mid Cap Blend Equities	0%
FSSNX Fidelity Small Cap Index Fund	Small Cap Blend Equities	0%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2025 Proposed Fidelity, 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 year.

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Returns By Period

As of Jun 13, 2026, the 2025 Proposed Fidelity returned 10.90% Year-To-Date and 12.91% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	0.31%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio 2025 Proposed Fidelity	2.52%	1.50%	10.90%	11.72%	27.29%	20.25%	10.85%	12.91%
Portfolio components:
FSGGX Fidelity Global ex U.S. Index Fund	3.42%	2.92%	13.45%	15.37%	29.76%	18.85%	8.42%	9.60%
FSKAX Fidelity Total Market Index Fund	1.89%	0.54%	9.19%	9.26%	25.69%	20.78%	12.13%	14.91%
FSMDX Fidelity Mid Cap Index Fund	2.24%	3.96%	12.29%	11.02%	22.43%	16.72%	8.00%	11.76%
FSSNX Fidelity Small Cap Index Fund	3.04%	4.69%	18.33%	15.24%	40.92%	17.71%	6.13%	11.30%
FXAIX Fidelity 500 Index Fund	1.76%	-0.09%	8.59%	8.94%	25.18%	21.06%	13.34%	15.44%
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares	1.07%	2.60%	0.86%	1.41%	6.80%	3.48%	-2.58%	1.63%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 9, 2011, 2025 Proposed Fidelity's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +12.5%, while the worst month was Mar 2020 at -14.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, 2025 Proposed Fidelity closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -11.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.17%	1.82%	-6.40%	9.42%	4.71%	-1.56%							10.90%
2025	3.36%	-0.27%	-3.43%	0.95%	5.63%	4.53%	0.80%	3.01%	3.60%	2.05%	0.14%	1.17%	23.40%
2024	0.01%	4.54%	3.20%	-3.57%	4.44%	1.65%	2.09%	2.32%	2.20%	-2.27%	3.97%	-2.82%	16.44%
2023	7.60%	-3.07%	2.75%	1.34%	-1.17%	5.93%	3.64%	-2.92%	-4.25%	-2.97%	9.03%	5.24%	21.93%
2022	-4.62%	-2.83%	1.78%	-7.97%	0.58%	-8.32%	6.91%	-3.90%	-9.58%	6.35%	8.56%	-4.48%	-18.01%
2021	-0.15%	2.72%	2.69%	4.19%	1.52%	1.32%	0.43%	2.43%	-4.16%	5.22%	-2.47%	3.81%	18.55%

Benchmark Metrics

2025 Proposed Fidelity has an annualized alpha of -0.28%, beta of 0.93, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since September 09, 2011.

This portfolio participated in 98.11% of S&P 500 Index downside but only 93.37% of its upside - more exposed to losses than it benefited from rallies.
With beta of 0.93 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: -0.28%

Beta: 0.93

R²: 0.95

Upside Capture: 93.37%

Downside Capture: 98.11%

See how alpha, beta & R² have trended over time →

Expense Ratio

2025 Proposed Fidelity has an expense ratio of 0.03%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

VWETX

Vanguard Long-Term Investment-Grade Fund Admiral Shares

FSGGX

Fidelity Global ex U.S. Index Fund

FSMDX

Fidelity Mid Cap Index Fund

FSSNX

Fidelity Small Cap Index Fund

FXAIX

Fidelity 500 Index Fund

FSKAX

Fidelity Total Market Index Fund

Return for Risk

Risk / Return Rank

2025 Proposed Fidelity ranks 52 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.

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

The table below presents risk-adjusted performance metrics for 2025 Proposed Fidelity 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	1.98	1.86	+0.12
Sortino ratioReturn per unit of downside risk	2.70	2.53	+0.17
Omega ratioGain probability vs. loss probability	1.36	1.34	+0.02
Calmar ratioReturn relative to maximum drawdown	2.72	2.53	+0.19
Martin ratioReturn relative to average drawdown	11.76	11.37	+0.38

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
FSGGX Fidelity Global ex U.S. Index Fund	55	1.86	2.55	1.35	2.57	9.88
FSKAX Fidelity Total Market Index Fund	63	1.93	2.63	1.35	2.77	12.40
FSMDX Fidelity Mid Cap Index Fund	45	1.53	2.20	1.27	2.58	9.88
FSSNX Fidelity Small Cap Index Fund	65	1.93	2.68	1.32	3.46	12.23
FXAIX Fidelity 500 Index Fund	65	1.97	2.67	1.36	2.74	12.46
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares	15	0.87	1.30	1.15	1.33	3.35

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. Learn how to interpret the Sharpe ratio.

The current 2025 Proposed Fidelity Sharpe ratio is 1.98 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 2025 Proposed Fidelity 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

2025 Proposed Fidelity provided a 1.53% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.53%	1.69%	1.88%	2.03%	2.03%	1.73%	1.55%	2.30%	2.59%	1.33%	1.47%	1.47%
Portfolio components:
FSGGX Fidelity Global ex U.S. Index Fund	2.38%	2.70%	2.91%	2.95%	2.64%	2.60%	1.71%	2.85%	2.66%	0.22%	0.05%	2.44%
FSKAX Fidelity Total Market Index Fund	0.96%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%
FSMDX Fidelity Mid Cap Index Fund	0.98%	1.10%	2.46%	1.39%	2.07%	3.35%	2.34%	2.86%	2.21%	2.17%	2.23%	2.84%
FSSNX Fidelity Small Cap Index Fund	0.92%	1.08%	1.04%	1.43%	1.26%	3.92%	0.94%	2.96%	4.94%	3.37%	2.27%	2.66%
FXAIX Fidelity 500 Index Fund	1.06%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares	5.17%	5.06%	5.10%	4.26%	4.54%	4.86%	6.99%	5.11%	4.40%	5.60%	6.25%	7.49%

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 2025 Proposed Fidelity. 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 2025 Proposed Fidelity was 34.14%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.

The current 2025 Proposed Fidelity drawdown is 2.37%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-34.14%Mar 2020	1mo 9d	5mo 4d	6mo 13dFeb 2020 - Aug 2020
Bear market2022	-26.52%Oct 2022	11mo 9d	1y 3mo	2y 2moNov 2021 - Jan 2024
2016 correction2016	-19.87%Feb 2016	8mo 25d	10mo 28d	1y 7moMay 2015 - Jan 2017
Rate-hike selloffLate 2018	-19.23%Dec 2018	10mo 29d	6mo 10d	1y 5moJan 2018 - Jul 2019
2025 selloff2025	-16.24%Apr 2025	1mo 18d	1mo 8d	2mo 26dFeb 2025 - May 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 6 assets, with an effective number of assets of 1.92, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.04	1.06	1.05	1.04	1.04

The portfolio has a diversification ratio of 1.04, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

2025 Proposed Fidelity correlation to the S&P 500 Index

2025 Proposed Fidelity has a 0.96 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 9, 2011	0.96

Benchmark Correlations

Correlation vs. S&P 500 Index. FXAIX has the highest benchmark correlation at 1.00, while VWETX has the lowest at -0.12.

-0.12

0.78

0.83

0.92

0.99

1.00

Portfolio Correlations

Correlation vs. 2025 Proposed Fidelity. FSKAX has the highest portfolio correlation at 0.96, while VWETX has the lowest at -0.10.

-0.10

0.85

0.91

0.92

0.96

0.96

Asset Correlations Table

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

	VWETX	FSGGX	FSSNX	FSMDX	FXAIX	FSKAX
VWETX	1.00	-0.07	-0.11	-0.09	-0.12	-0.12
FSGGX	-0.07	1.00	0.71	0.76	0.78	0.78
FSSNX	-0.11	0.71	1.00	0.93	0.83	0.88
FSMDX	-0.09	0.76	0.93	1.00	0.92	0.94
FXAIX	-0.12	0.78	0.83	0.92	1.00	0.99
FSKAX	-0.12	0.78	0.88	0.94	0.99	1.00

The correlation results are calculated based on daily price changes starting from Sep 9, 2011

Diversification Analysis

Find what 2025 Proposed Fidelity is missing

See which holdings overlap, where 2025 Proposed Fidelity is concentrated, and which low-correlation assets could fill the gaps.

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