Asset Allocation
Find the right asset allocation for Aggressive: Fidelity Zero Growth + Semis/Defense
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Aggressive: Fidelity Zero Growth + Semis/Defense, 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
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio Aggressive: Fidelity Zero Growth + Semis/Defense | -4.24% | 1.14% | 16.13% | 16.12% | 38.54% | 29.06% | 18.51% | — |
| Portfolio components: | ||||||||
FNILX Fidelity ZERO Large Cap Index Fund | -2.73% | 0.08% | 8.16% | 8.09% | 24.03% | 21.72% | 13.21% | — |
FSDAX Fidelity Select Defense & Aerospace Portfolio | -0.90% | 3.02% | 7.27% | 13.13% | 25.25% | 28.75% | 16.18% | 15.38% |
FSELX Fidelity Select Semiconductors Portfolio | -9.27% | 5.76% | 66.12% | 60.36% | 135.04% | 63.14% | 43.03% | 37.56% |
FSPGX Fidelity Large Cap Growth Index Fund | -3.28% | -0.72% | 3.87% | 2.85% | 21.02% | 23.68% | 14.69% | — |
FZILX Fidelity ZERO International Index Fund | -3.83% | -2.16% | 10.86% | 13.17% | 27.05% | 18.49% | 8.21% | — |
Monthly Returns
Based on dividend-adjusted daily data since Oct 1, 2018, Aggressive: Fidelity Zero Growth + Semis/Defense's average daily return is +0.08%, while the average monthly return is +1.59%. At this rate, an investment would double in approximately 3.7 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +13.8%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Aggressive: Fidelity Zero Growth + Semis/Defense closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.15% | 0.05% | -5.73% | 13.76% | 8.08% | -2.92% | 16.13% | ||||||
| 2025 | 2.56% | -1.81% | -5.99% | 1.62% | 8.81% | 7.06% | 2.89% | 1.62% | 5.62% | 3.77% | -1.54% | 1.13% | 27.91% |
| 2024 | 1.46% | 6.78% | 3.29% | -3.42% | 6.02% | 3.79% | 0.19% | 1.93% | 1.88% | -1.22% | 5.08% | -0.55% | 27.70% |
| 2023 | 8.59% | -0.62% | 4.94% | -0.69% | 4.05% | 6.92% | 3.66% | -2.16% | -5.62% | -3.27% | 10.77% | 5.96% | 35.99% |
| 2022 | -6.89% | -1.62% | 2.80% | -10.65% | 0.20% | -8.96% | 10.12% | -4.61% | -10.20% | 7.64% | 7.77% | -5.63% | -20.75% |
| 2021 | -0.99% | 2.84% | 3.29% | 4.26% | 1.02% | 3.55% | 1.32% | 2.96% | -4.49% | 6.75% | 1.37% | 3.27% | 27.73% |
Benchmark Metrics
Aggressive: Fidelity Zero Growth + Semis/Defense has an annualized alpha of 4.52%, beta of 1.09, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since October 01, 2018.
- This portfolio captured 120.45% of S&P 500 Index gains but only 98.70% of its losses - a favorable profile for investors.
- This portfolio generated an annualized alpha of 4.52% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.09 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
- 4.52%
- Beta
- 1.09
- R²
- 0.95
- Upside Capture
- 120.45%
- Downside Capture
- 98.70%
Expense Ratio
Aggressive: Fidelity Zero Growth + Semis/Defense has an expense ratio of 0.18%, 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.
Return for Risk
Risk / Return Rank
Aggressive: Fidelity Zero Growth + Semis/Defense ranks 82 for risk / return — in the top 82% 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 Aggressive: Fidelity Zero Growth + Semis/Defense and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.47 | 1.94 | +0.54 |
| Sortino ratioReturn per unit of downside risk | 3.20 | 2.63 | +0.58 |
| Omega ratioGain probability vs. loss probability | 1.44 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 2.59 | +1.17 |
| Martin ratioReturn relative to average drawdown | 16.82 | 11.84 | +4.97 |
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.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 55 | 2.07 | 2.78 | 1.37 | 2.82 | 12.85 |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 21 | 1.24 | 1.84 | 1.22 | 1.63 | 4.72 |
FSELX Fidelity Select Semiconductors Portfolio | 93 | 4.00 | 4.09 | 1.57 | 9.48 | 35.79 |
FSPGX Fidelity Large Cap Growth Index Fund | 22 | 1.42 | 1.94 | 1.25 | 1.38 | 4.63 |
FZILX Fidelity ZERO International Index Fund | 43 | 1.81 | 2.46 | 1.34 | 2.44 | 9.52 |
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Dividends
Dividend yield
Aggressive: Fidelity Zero Growth + Semis/Defense provided a 2.42% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.42% | 2.91% | 2.83% | 2.78% | 3.02% | 3.02% | 2.49% | 1.74% | 5.67% | 2.57% | 1.06% | 2.91% |
| Portfolio components: | ||||||||||||
FNILX Fidelity ZERO Large Cap Index Fund | 0.94% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% | 0.00% | 0.00% | 0.00% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 2.13% | 4.48% | 7.68% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.57% | 4.87% | 6.30% |
FSELX Fidelity Select Semiconductors Portfolio | 9.86% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.33% | 0.34% | 0.37% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.32% | 0.22% | 0.00% | 0.00% |
FZILX Fidelity ZERO International Index Fund | 2.41% | 2.67% | 3.00% | 2.98% | 2.71% | 2.61% | 1.64% | 2.37% | 0.02% | 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 Aggressive: Fidelity Zero Growth + Semis/Defense. 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 Aggressive: Fidelity Zero Growth + Semis/Defense was 34.62%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current Aggressive: Fidelity Zero Growth + Semis/Defense drawdown is 0.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.62%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Bear market2022 | -29.05%Oct 2022 | 9mo 20d | 9mo 2d | 1y 6moDec 2021 - Jul 2023 |
Rate-hike selloffLate 2018 | -20.73%Dec 2018 | 2mo 21d | 3mo 12d | 6mo 3dOct 2018 - Apr 2019 |
2025 selloff2025 | -20.51%Apr 2025 | 2mo 14d | 1mo 25d | 4mo 9dJan 2025 - Jun 2025 |
2023 correction2023 | -11.53%Oct 2023 | 2mo 27d | 1mo 12d | 4mo 9dAug 2023 - Dec 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 5 assets, with an effective number of assets of 3.51, 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 | 1.12 | 1.10 | 1.09 | 1.08 |
The portfolio has a diversification ratio of 1.08, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
Aggressive: Fidelity Zero Growth + Semis/Defense correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.97 |
Benchmark Correlations
Correlation vs. S&P 500 Index. FNILX has the highest benchmark correlation at 0.99, while FSDAX has the lowest at 0.66.
Asset Correlations Table
Find what Aggressive: Fidelity Zero Growth + Semis/Defense is missing
See which holdings overlap, where Aggressive: Fidelity Zero Growth + Semis/Defense is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification