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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity 70% Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity 70% Allocation Fund (FRGAX) has returned -3.53% so far this year and 13.49% over the past 12 months.
Fidelity 70% Allocation Fund
- 1D
- -0.17%
- 1M
- -6.67%
- YTD
- -3.53%
- 6M
- -1.21%
- 1Y
- 13.49%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 22, 2022, FRGAX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, your investment would double in approximately 5.9 years.
Historically, 73% of months were positive and 27% were negative. The best month was Nov 2023 with a return of +7.7%, while the worst month was Mar 2026 at -6.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FRGAX closed higher 51% 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% | -6.67% | -3.53% | |||||||||
| 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 2.58%, beta of 0.65, and R² of 0.90 versus S&P 500 Index. Calculated based on daily prices since November 23, 2022.
- This fund participated in 74.30% of S&P 500 Index downside but only 74.25% of its upside — more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.58% 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
- 2.58%
- Beta
- 0.65
- R²
- 0.90
- Upside Capture
- 74.25%
- Downside Capture
- 74.30%
Expense Ratio
FRGAX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
FRGAX ranks 64 for risk / return — better than 64% 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 a chosen benchmark (S&P 500 Index).
| FRGAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.90 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.39 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.40 | +0.01 |
Martin ratioReturn relative to average drawdown | 6.55 | 6.61 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FRGAX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity 70% Allocation Fund provided a 2.08% 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 | 2.08% | 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 | |||||||||
| 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 7.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.77% | Feb 20, 2025 | 34 | Apr 8, 2025 | 27 | May 16, 2025 | 61 |
| -8.93% | Aug 1, 2023 | 63 | Oct 27, 2023 | 30 | Dec 11, 2023 | 93 |
| -7.03% | Feb 26, 2026 | 23 | Mar 30, 2026 | — | — | — |
| -5.78% | Feb 3, 2023 | 25 | Mar 10, 2023 | 58 | Jun 2, 2023 | 83 |
| -5.22% | Jul 17, 2024 | 14 | Aug 5, 2024 | 10 | Aug 19, 2024 | 24 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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