FPDIX vs. FRGAX
FPDIX (Fidelity Advisor 529 Aggressive Growth Portfolio Class I) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds from Fidelity. Both are actively managed. Over the past 3 years, FPDIX returned 20.66%/yr vs 15.29%/yr for FRGAX. Their correlation of 0.90 suggests significant overlap in exposure.
Performance
FPDIX vs. FRGAX - Performance Comparison
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Returns By Period
In the year-to-date period, FPDIX achieves a 11.25% return, which is significantly higher than FRGAX's 7.29% return.
FPDIX
- 1D
- -2.26%
- 1M
- 0.54%
- YTD
- 11.25%
- 6M
- 10.51%
- 1Y
- 24.77%
- 3Y*
- 20.66%
- 5Y*
- 10.38%
- 10Y*
- —
FRGAX
- 1D
- -1.18%
- 1M
- -0.15%
- YTD
- 7.29%
- 6M
- 6.53%
- 1Y
- 17.93%
- 3Y*
- 15.29%
- 5Y*
- —
- 10Y*
- —
FPDIX vs. FRGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FPDIX Fidelity Advisor 529 Aggressive Growth Portfolio Class I | 11.25% | 24.03% | 15.81% | 20.91% | -0.59% |
FRGAX Fidelity 70% Allocation Fund | 7.29% | 17.10% | 12.91% | 17.57% | -1.63% |
Correlation
The correlation between FPDIX and FRGAX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.90 |
The correlation between FPDIX and FRGAX has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
FPDIX vs. FRGAX — Risk / Return Rank
FPDIX
FRGAX
FPDIX vs. FRGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor 529 Aggressive Growth Portfolio Class I (FPDIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPDIX | FRGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.75 | +0.13 |
| Martin ratioReturn relative to average drawdown | 12.03 | 11.96 | +0.07 |
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Drawdowns
FPDIX vs. FRGAX - Drawdown Comparison
The maximum FPDIX drawdown since its inception was -32.81%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for FPDIX and FRGAX.
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Drawdown Indicators
| FPDIX | FRGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.81% | -11.77% | -21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -7.03% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -11.77% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -1.90% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -1.58% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.61% | +0.72% |
Volatility
FPDIX vs. FRGAX - Volatility Comparison
Fidelity Advisor 529 Aggressive Growth Portfolio Class I (FPDIX) has a higher volatility of 6.20% compared to Fidelity 70% Allocation Fund (FRGAX) at 3.99%. This indicates that FPDIX'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.
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Volatility by Period
| FPDIX | FRGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 3.99% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 8.00% | +4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 9.68% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 10.42% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 10.42% | +8.45% |
Dividends
FPDIX vs. FRGAX - Dividend Comparison
FPDIX has not paid dividends to shareholders, while FRGAX's dividend yield for the trailing twelve months is around 1.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FPDIX Fidelity Advisor 529 Aggressive Growth Portfolio Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRGAX Fidelity 70% Allocation Fund | 1.87% | 2.00% | 2.01% | 1.77% | 1.71% |
Frequently Asked Questions
With a correlation of 0.90, FPDIX 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.
FPDIX has higher volatility (6.20%) compared to FRGAX (3.99%). In terms of maximum drawdown, FPDIX dropped -32.81% vs FRGAX's -11.77%.
FRGAX currently has the higher Sharpe Ratio (2.00 vs 1.96), 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.
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