FPKFX vs. FRGAX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Puritan K6 Fund (FPKFX) and Fidelity 70% Allocation Fund (FRGAX).

FPKFX is managed by Fidelity. It was launched on Jun 14, 2019. FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022.

Performance

FPKFX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Puritan K6 Fund (FPKFX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

FPKFX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FPKFX Fidelity Puritan K6 Fund	-3.94%	11.37%	18.95%	20.29%	-2.01%
FRGAX Fidelity 70% Allocation Fund	-3.53%	17.10%	12.91%	17.57%	-1.63%

Returns By Period

In the year-to-date period, FPKFX achieves a -3.94% return, which is significantly lower than FRGAX's -3.53% return.

FPKFX

• 1D: -0.36%
• 1M: -6.64%
• YTD: -3.94%
• 6M: -1.95%
• 1Y: 11.47%
• 3Y*: 13.24%
• 5Y*: 7.74%
• 10Y*: —

FRGAX

• 1D: -0.17%
• 1M: -6.67%
• YTD: -3.53%
• 6M: -1.21%
• 1Y: 13.49%
• 3Y*: 12.30%
• 5Y*: —
• 10Y*: —

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

FPKFX vs. FRGAX - Expense Ratio Comparison

FPKFX has a 0.32% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

FPKFX

Fidelity Puritan K6 Fund

FRGAX

Fidelity 70% Allocation Fund

Return for Risk

FPKFX vs. FRGAX — Risk / Return Rank

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

FPKFX

FPKFX Risk / Return Rank: 49
FPKFX Sharpe Ratio Rank: 49
FPKFX Sortino Ratio Rank: 48
FPKFX Omega Ratio Rank: 49
FPKFX Calmar Ratio Rank: 47
FPKFX Martin Ratio Rank: 51

FRGAX

FRGAX Risk / Return Rank: 64
FRGAX Sharpe Ratio Rank: 63
FRGAX Sortino Ratio Rank: 65
FRGAX Omega Ratio Rank: 63
FRGAX Calmar Ratio Rank: 59
FRGAX Martin Ratio Rank: 69

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.

FPKFX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Puritan K6 Fund (FPKFX) 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.

	FPKFX	FRGAX	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.15	-0.22
Sortino ratio Return per unit of downside risk	1.36	1.67	-0.31
Omega ratio Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio Return relative to maximum drawdown	1.16	1.41	-0.25
Martin ratio Return relative to average drawdown	4.96	6.55	-1.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FPKFX vs. FRGAX - Sharpe Ratio Comparison

The current FPKFX Sharpe Ratio is 0.93, which is comparable to the FRGAX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of FPKFX and FRGAX, 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

	FPKFX	FRGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.15	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.21	-0.47

Correlation

The correlation between FPKFX and FRGAX is 0.94, 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

FPKFX vs. FRGAX - Dividend Comparison

FPKFX's dividend yield for the trailing twelve months is around 4.36%, more than FRGAX's 2.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FPKFX Fidelity Puritan K6 Fund	4.36%	4.19%	3.83%	1.67%	1.62%	4.34%	1.40%	0.63%
FRGAX Fidelity 70% Allocation Fund	2.08%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%

Drawdowns

FPKFX vs. FRGAX - Drawdown Comparison

The maximum FPKFX drawdown since its inception was -24.46%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for FPKFX and FRGAX.

Drawdown Indicators

	FPKFX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-24.46%	-11.77%	-12.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-8.53%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	—	—
Current Drawdown Current decline from peak	-7.48%	-7.03%	-0.45%
Average Drawdown Average peak-to-trough decline	-4.90%	-1.62%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.87%	+0.16%

Volatility

FPKFX vs. FRGAX - Volatility Comparison

Fidelity Puritan K6 Fund (FPKFX) has a higher volatility of 3.98% compared to Fidelity 70% Allocation Fund (FRGAX) at 3.78%. This indicates that FPKFX'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

	FPKFX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.78%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	6.72%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	11.92%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.59%	10.27%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	10.27%	+4.09%