EVFMX vs. FRGAX

Last updated Jun 5, 2026

EVFMX (E-Valuator Moderate (50%-70%) RMS Fund) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, EVFMX returned 13.48%/yr vs 16.10%/yr for FRGAX. With a 0.95 correlation, they move nearly in lockstep. EVFMX charges 1.00%/yr vs 0.02%/yr for FRGAX.

Performance

EVFMX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in E-Valuator Moderate (50%-70%) RMS Fund (EVFMX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVFMX achieves a 9.86% return, which is significantly higher than FRGAX's 8.73% return.

EVFMX

• 1D: -0.72%
• 1M: 2.74%
• YTD: 9.86%
• 6M: 10.19%
• 1Y: 21.75%
• 3Y*: 13.48%
• 5Y*: 6.01%
• 10Y*: 7.95%

FRGAX

• 1D: -0.59%
• 1M: 2.80%
• YTD: 8.73%
• 6M: 9.06%
• 1Y: 21.41%
• 3Y*: 16.10%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVFMX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EVFMX E-Valuator Moderate (50%-70%) RMS Fund	9.86%	15.41%	7.57%	11.01%	-1.15%
FRGAX Fidelity 70% Allocation Fund	8.73%	17.10%	12.91%	17.57%	-1.63%

Correlation

The correlation between EVFMX and FRGAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022	0.95

The correlation between EVFMX and FRGAX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

EVFMX vs. FRGAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVFMX

EVFMX Risk / Return Rank: 62
EVFMX Sharpe Ratio Rank: 59
EVFMX Sortino Ratio Rank: 58
EVFMX Omega Ratio Rank: 58
EVFMX Calmar Ratio Rank: 62
EVFMX Martin Ratio Rank: 70

FRGAX

FRGAX Risk / Return Rank: 69
FRGAX Sharpe Ratio Rank: 69
FRGAX Sortino Ratio Rank: 69
FRGAX Omega Ratio Rank: 66
FRGAX Calmar Ratio Rank: 67
FRGAX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVFMX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for E-Valuator Moderate (50%-70%) RMS Fund (EVFMX) and Fidelity 70% Allocation Fund (FRGAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EVFMX	FRGAX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.43	-0.23
Sortino ratio: Return per unit of downside risk	3.12	3.46	-0.33
Omega ratio: Gain probability vs. loss probability	1.41	1.45	-0.04
Calmar ratio: Return relative to maximum drawdown	2.94	3.13	-0.19
Martin ratio: Return relative to average drawdown	12.98	14.01	-1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVFMX vs. FRGAX - Sharpe Ratio Comparison

The current EVFMX Sharpe Ratio is 2.20, which is comparable to the FRGAX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of EVFMX and FRGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EVFMX	FRGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.43	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.52	-0.83

Drawdowns

EVFMX vs. FRGAX - Drawdown Comparison

The maximum EVFMX drawdown since its inception was -28.30%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for EVFMX and FRGAX.

Drawdown Indicators

	EVFMX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.30%	-11.77%	-16.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	-7.03%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-13.54%	-11.77%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-19.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.30%	—	—
Current Drawdown Current decline from peak	-0.72%	-0.59%	-0.13%
Average Drawdown Average peak-to-trough decline	-4.15%	-1.58%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.57%	+0.12%

Volatility

EVFMX vs. FRGAX - Volatility Comparison

E-Valuator Moderate (50%-70%) RMS Fund (EVFMX) has a higher volatility of 3.40% compared to Fidelity 70% Allocation Fund (FRGAX) at 2.80%. This indicates that EVFMX's price experiences larger fluctuations and is considered to be riskier than FRGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVFMX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	2.80%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	7.22%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	9.05%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	10.31%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	10.31%	+1.43%

EVFMX vs. FRGAX - Expense Ratio Comparison

EVFMX has a 1.00% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

Dividends

EVFMX vs. FRGAX - Dividend Comparison

EVFMX's dividend yield for the trailing twelve months is around 8.36%, more than FRGAX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EVFMX E-Valuator Moderate (50%-70%) RMS Fund	8.36%	9.19%	0.50%	2.52%	1.96%	21.05%	3.39%	2.53%	9.89%	7.05%	0.70%
FRGAX Fidelity 70% Allocation Fund	1.84%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EVFMX and FRGAX in my portfolio?

With a correlation of 0.97, EVFMX and FRGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EVFMX or FRGAX?

EVFMX has higher volatility (3.40%) compared to FRGAX (2.80%). In terms of maximum drawdown, EVFMX dropped -28.30% vs FRGAX's -11.77%.

Which has better risk-adjusted returns?

FRGAX currently has the higher Sharpe Ratio (2.43 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.