- Issuer
- Fidelity
- Inception Date
- Jan 1, 2022
- Category
- Diversified Portfolio
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
FRGAX Performance Chart
Fidelity 70% Allocation Fund (FRGAX) is up 9.1% since the beginning of the year. FRGAX is currently trading at $14 per share.
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Returns By Period
Fidelity 70% Allocation Fund (FRGAX) has returned 9.05% so far this year and 21.55% over the past 12 months.
Fidelity 70% Allocation Fund
- 1D
- 0.29%
- 1M
- 1.64%
- YTD
- 9.05%
- 6M
- 9.30%
- 1Y
- 21.55%
- 3Y*
- 16.26%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
FRGAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 22, 2022, FRGAX's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.
Historically, 75% of months were positive and 25% were negative. The best month was Nov 2023 with a return of +7.7%, while the worst month was Mar 2026 at -4.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FRGAX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 4, 2025 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.08% | 1.26% | -4.65% | 6.83% | 3.42% | 0.15% | 9.05% | ||||||
| 2025 | 2.39% | 0.09% | -2.87% | 0.46% | 3.96% | 3.81% | 0.85% | 2.28% | 2.73% | 1.61% | 0.32% | 0.46% | 17.10% |
| 2024 | 0.10% | 2.95% | 2.47% | -3.28% | 3.59% | 1.64% | 2.08% | 2.04% | 1.91% | -2.05% | 3.46% | -2.40% | 12.91% |
| 2023 | 6.12% | -2.77% | 2.62% | 1.00% | -0.77% | 4.10% | 2.56% | -1.97% | -3.71% | -2.53% | 7.67% | 4.75% | 17.57% |
| 2022 | 1.93% | -3.50% | -1.63% |
Benchmark Metrics
Fidelity 70% Allocation Fund has an annualized alpha of 2.52%, beta of 0.65, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since November 23, 2022.
- This fund participated in 73.81% of S&P 500 Index downside but only 72.41% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.52% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.65 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
- 2.52%
- Beta
- 0.65
- R²
- 0.91
- Upside Capture
- 72.41%
- Downside Capture
- 73.81%
Expense Ratio
FRGAX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
FRGAX ranks 73 for risk / return — better than 73% 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 70% Allocation Fund (FRGAX) and compare them to S&P 500 Index.
| FRGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.69 | +0.44 |
| Martin ratioReturn relative to average drawdown | 13.96 | 12.34 | +1.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity 70% Allocation Fund provided a 1.84% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.22 | $0.17 | $0.15 |
Dividend yield | 1.84% | 2.00% | 2.01% | 1.77% | 1.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity 70% 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.15 | $0.15 |
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 70% 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 70% Allocation Fund was 11.77%, occurring on Apr 8, 2025. Recovery took 27 trading sessions.
The current Fidelity 70% Allocation Fund drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -11.77%Apr 2025 | 1mo 17d | 1mo 8d | 2mo 25dFeb 2025 - May 2025 |
2023 pullback2023 | -8.93%Oct 2023 | 2mo 27d | 1mo 15d | 4mo 12dAug 2023 - Dec 2023 |
2026 pullback2026 | -7.03%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
2023 pullback2023 | -5.78%Mar 2023 | 1mo 5d | 2mo 24d | 3mo 29dFeb 2023 - Jun 2023 |
2024 pullback2024 | -5.22%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
Drawdown Indicators
| FRGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.77% | -56.78% | +45.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -9.10% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -11.77% | -18.90% | +7.13% |
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 | -0.29% | -2.97% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -10.72% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.97% | -0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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