FCFMX vs. PAGDX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Series Total Market Index Fund (FCFMX) and Permanent Portfolio Aggressive Growth Fund Class A (PAGDX).

FCFMX is managed by Fidelity. It was launched on Apr 26, 2019. PAGDX is an actively managed fund by Permanent Portfolio. It was launched on Jan 2, 1990.

Performance

FCFMX vs. PAGDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Total Market Index Fund (FCFMX) and Permanent Portfolio Aggressive Growth Fund Class A (PAGDX). The values are adjusted to include any dividend payments, if applicable.

FCFMX vs. PAGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCFMX Fidelity Series Total Market Index Fund	-4.01%	17.43%	23.92%	26.15%	-19.53%	25.64%	20.81%	10.60%
PAGDX Permanent Portfolio Aggressive Growth Fund Class A	-3.91%	36.58%	44.15%	38.39%	-26.25%	24.53%	37.32%	12.20%

Returns By Period

The year-to-date returns for both investments are quite close, with FCFMX having a -4.01% return and PAGDX slightly higher at -3.91%.

FCFMX

• 1D: 2.95%
• 1M: -5.08%
• YTD: -4.01%
• 6M: -2.05%
• 1Y: 18.01%
• 3Y*: 17.99%
• 5Y*: 10.58%
• 10Y*: —

PAGDX

• 1D: -1.69%
• 1M: -8.35%
• YTD: -3.91%
• 6M: 0.74%
• 1Y: 39.07%
• 3Y*: 33.68%
• 5Y*: 16.80%
• 10Y*: —

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

FCFMX vs. PAGDX - Expense Ratio Comparison

FCFMX has a 0.00% expense ratio, which is lower than PAGDX's 1.46% expense ratio.

PAGDX

Permanent Portfolio Aggressive Growth Fund Class A

FCFMX

Fidelity Series Total Market Index Fund

Return for Risk

FCFMX vs. PAGDX — Risk / Return Rank

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

FCFMX

FCFMX Risk / Return Rank: 59
FCFMX Sharpe Ratio Rank: 49
FCFMX Sortino Ratio Rank: 53
FCFMX Omega Ratio Rank: 55
FCFMX Calmar Ratio Rank: 64
FCFMX Martin Ratio Rank: 75

PAGDX

PAGDX Risk / Return Rank: 86
PAGDX Sharpe Ratio Rank: 81
PAGDX Sortino Ratio Rank: 84
PAGDX Omega Ratio Rank: 82
PAGDX Calmar Ratio Rank: 91
PAGDX Martin Ratio Rank: 95

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.

FCFMX vs. PAGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Total Market Index Fund (FCFMX) and Permanent Portfolio Aggressive Growth Fund Class A (PAGDX). 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.

	FCFMX	PAGDX	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.53	-0.54
Sortino ratio Return per unit of downside risk	1.52	2.23	-0.71
Omega ratio Gain probability vs. loss probability	1.23	1.33	-0.10
Calmar ratio Return relative to maximum drawdown	1.54	2.57	-1.03
Martin ratio Return relative to average drawdown	7.43	13.11	-5.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCFMX vs. PAGDX - Sharpe Ratio Comparison

The current FCFMX Sharpe Ratio is 0.99, which is lower than the PAGDX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of FCFMX and PAGDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCFMX	PAGDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.53	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.69	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.74	-0.09

Correlation

The correlation between FCFMX and PAGDX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FCFMX vs. PAGDX - Dividend Comparison

FCFMX's dividend yield for the trailing twelve months is around 1.47%, more than PAGDX's 0.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCFMX Fidelity Series Total Market Index Fund	1.47%	1.41%	1.27%	1.45%	1.78%	1.56%	1.88%	1.35%	0.00%	0.00%
PAGDX Permanent Portfolio Aggressive Growth Fund Class A	0.03%	0.03%	5.48%	2.59%	7.53%	6.80%	14.94%	16.97%	12.25%	8.50%

Drawdowns

FCFMX vs. PAGDX - Drawdown Comparison

The maximum FCFMX drawdown since its inception was -34.99%, smaller than the maximum PAGDX drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for FCFMX and PAGDX.

Drawdown Indicators

	FCFMX	PAGDX	Difference
Max Drawdown Largest peak-to-trough decline	-34.99%	-38.03%	+3.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	-13.80%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-36.66%	+11.32%
Current Drawdown Current decline from peak	-6.21%	-9.16%	+2.95%
Average Drawdown Average peak-to-trough decline	-5.68%	-7.46%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.71%	-0.15%

Volatility

FCFMX vs. PAGDX - Volatility Comparison

Fidelity Series Total Market Index Fund (FCFMX) and Permanent Portfolio Aggressive Growth Fund Class A (PAGDX) have volatilities of 5.49% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCFMX	PAGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	5.49%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	13.43%	-3.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	25.50%	-6.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	24.48%	-7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.57%	25.08%	-4.51%