Fidelity 70% Allocation Fund (FRGAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRGAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FRGAX
FRGAX charges 0.02% annually. No mutual funds in the Diversified Portfolio category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM 60/40 Allocation Fund | 0.03% | — | Sep 2017 | FRGAX vs PALDX | |
| Vanguard Balanced Index Fund Institutional Shares | 0.04% | 64.10B | Dec 2000 | FRGAX vs VBAIX | |
| TIAA-CREF Lifestyle Aggressive Growth Fund | 0.04% | — | Dec 2011 | FRGAX vs TSAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FRGAX vs VTMFX | |
| Fidelity Sustainable Multi-Asset Fund | 0.05% | — | Feb 2022 | FRGAX vs FYMIX |
Best Risk-Adjusted Alternatives to FRGAX
FRGAX has a PortfoliosLab risk / return rank of 73. There are 149 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 99 | — | Nov 2003 | FRGAX vs STDAX | |
| Thornburg Investment Income Builder Fund Class I | 98 | — | Dec 2002 | FRGAX vs TIBIX | |
| Nuveen Flexible Income Fund | 97 | — | Dec 2009 | FRGAX vs NWQIX | |
| Federated Hermes Municipal and Stock Advantage Fun... | 94 | — | Sep 2003 | FRGAX vs FMUAX | |
| Pioneer Balanced ESG Fund | 93 | — | Dec 1991 | FRGAX vs AYBLX |
Top Performing FRGAX Alternatives (YTD)
FRGAX is at 8.81% YTD. There are 156 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 30.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | 30.31% | — | Jan 1998 | FRGAX vs EKBAX | |
| Greenspring Fund | 19.30% | — | Jun 1983 | FRGAX vs GRSPX | |
| MH Elite Small Cap Fund of Funds Fund | 18.84% | — | Aug 1998 | FRGAX vs MHELX | |
| ICON Equity Income Fund | 18.66% | — | May 2004 | FRGAX vs IOEZX | |
| Thornburg Investment Income Builder Fund Class I | 16.85% | — | Dec 2002 | FRGAX vs TIBIX |
Lowest Volatility Alternatives to FRGAX
FRGAX has 9.68% 1-year volatility. There are 365 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.85% | — | Nov 2003 | FRGAX vs STDAX | |
| SEI Asset Allocation Trust Conservative Strategy F... | 2.82% | — | Nov 2003 | FRGAX vs SICIX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | 2.87% | — | Apr 2012 | FRGAX vs SCLAX | |
| Ave Maria Bond Fund | 2.99% | — | Apr 2003 | FRGAX vs AVEFX | |
| American Funds College 2027 Fund | 3.11% | — | Sep 2012 | FRGAX vs CSTAX |
Lowest Drawdown Alternatives to FRGAX
FRGAX has a 1-year max drawdown of -7.03%. There are 347 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SEI Asset Allocation Trust Defensive Strategy Allo... | -0.36% | — | Nov 2003 | FRGAX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Capita... | -2.32% | — | Apr 2012 | FRGAX vs SCLAX | |
| DFA Global Allocation 25/75 Portfolio | -2.64% | — | Dec 2003 | FRGAX vs DGTSX | |
| SEI Asset Allocation Trust Conservative Strategy F... | -2.65% | — | Nov 2003 | FRGAX vs SICIX | |
| American Funds College 2027 Fund | -2.72% | — | Sep 2012 | FRGAX vs CSTAX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 69 | 11.32% | — | Feb 1988 | FRGAX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 89 | 62.20% | — | Jul 1985 | FRGAX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 69 | 11.80% | — | — | FRGAX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 68 | 11.80% | — | — | FRGAX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 4.74% | — | — | FRGAX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 56 | 16.03% | — | Dec 1987 | FRGAX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 38 | 10.69% | 176.32B | May 1967 | FRGAX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 65 | 11.11% | — | — | FRGAX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 45 | 10.82% | — | Nov 1997 | FRGAX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 60 | 13.34% | — | Jun 2016 | FRGAX vs FTIHX |
Often Compared With FRGAX
Investors most often compare FRGAX with ACV, VWELX, CONWX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare FRGAX with Any Fund or Stock
Compare FRGAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FRGAX with funds that move differently
Fidelity 70% Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRGAX.
Explore FRGAX Diversifiers