- ISIN
- US3160692444
- Issuer
- Fidelity
- Inception Date
- Feb 8, 2022
- Category
- Diversified Portfolio
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FMWIX Performance Chart
Fidelity Moderate with Income Allocation Fund (FMWIX) is up 4.1% since the beginning of the year. FMWIX is currently trading at $11 per share.
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Returns By Period
Fidelity Moderate with Income Allocation Fund (FMWIX) has returned 4.12% so far this year and 11.55% over the past 12 months.
Fidelity Moderate with Income Allocation Fund
- 1D
- 0.46%
- 1M
- 0.89%
- YTD
- 4.12%
- 6M
- 4.11%
- 1Y
- 11.55%
- 3Y*
- 8.83%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FMWIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 14, 2022, FMWIX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +5.4%, while the worst month was Sep 2022 at -5.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMWIX closed higher 49% of trading days. The best single day was Nov 10, 2022 with a return of +2.8%, while the worst single day was Jun 13, 2022 at -2.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.04% | 1.35% | -2.85% | 2.96% | 1.68% | -0.03% | 4.12% | ||||||
| 2025 | 1.32% | 1.00% | -1.12% | 0.48% | 1.40% | 2.30% | 0.25% | 1.63% | 1.65% | 1.05% | 0.50% | 0.09% | 11.03% |
| 2024 | 0.11% | 0.52% | 1.51% | -2.54% | 2.34% | 1.32% | 2.03% | 1.57% | 1.60% | -2.10% | 1.97% | -1.70% | 6.65% |
| 2023 | 4.10% | -2.33% | 2.35% | 0.81% | -0.90% | 1.57% | 1.13% | -1.04% | -2.69% | -1.72% | 5.39% | 3.78% | 10.53% |
| 2022 | 0.10% | -0.98% | -4.65% | 0.57% | -3.44% | 3.66% | -2.79% | -5.31% | 1.19% | 4.53% | -1.84% | -9.08% |
Benchmark Metrics
Fidelity Moderate with Income Allocation Fund has an annualized alpha of 0.93%, beta of 0.31, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since February 14, 2022.
- This fund participated in 51.12% of S&P 500 Index downside but only 37.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.31 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.93%
- Beta
- 0.31
- R²
- 0.64
- Upside Capture
- 37.88%
- Downside Capture
- 51.12%
Expense Ratio
FMWIX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
FMWIX ranks 69 for risk / return — better than 69% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Moderate with Income Allocation Fund (FMWIX) and compare them to 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.
| FMWIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.78 | +0.13 |
| Martin ratioReturn relative to average drawdown | 12.45 | 12.44 | +0.01 |
Dividends
Dividend History
Fidelity Moderate with Income Allocation Fund provided a 3.07% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.34 | $0.31 | $0.27 | $0.22 | $0.16 |
Dividend yield | 3.07% | 2.89% | 2.71% | 2.30% | 1.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Moderate with Income Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.13 | $0.31 |
| 2024 | $0.00 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 | $0.27 |
| 2023 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.09 | $0.22 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 | $0.16 |
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 Moderate with Income Allocation Fund. 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 Moderate with Income Allocation Fund was 13.78%, occurring on Oct 14, 2022. Recovery took 301 trading sessions.
The current Fidelity Moderate with Income Allocation Fund drawdown is 0.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.78%Oct 2022 | 7mo 29d | 1y 2mo | 1y 10moFeb 2022 - Dec 2023 |
2025 selloff2025 | -4.82%Apr 2025 | 1mo 6d | 1mo 5d | 2mo 11dMar 2025 - May 2025 |
2026 pullback2026 | -3.96%Mar 2026 | 25d | 21d | 1mo 16dMar 2026 - Apr 2026 |
2025 pullback2025 | -3.17%Jan 2025 | 1mo 5d | 1mo 16d | 2mo 21dDec 2024 - Feb 2025 |
2024 pullback2024 | -2.85%Apr 2024 | 17d | 27d | 1mo 14dApr 2024 - May 2024 |
Drawdown Indicators
| FMWIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.78% | -56.78% | +43.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -9.10% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.78% | -18.90% | +13.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.80% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -10.71% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.03% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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