FRGAX vs. BERIX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity 70% Allocation Fund (FRGAX) and Chartwell Income Fund (BERIX).

FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022. BERIX is managed by Carillon Family of Funds. It was launched on Sep 2, 1987.

Performance

FRGAX vs. BERIX - Performance Comparison

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

FRGAX vs. BERIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FRGAX Fidelity 70% Allocation Fund	-3.53%	17.10%	12.91%	17.57%	-1.63%
BERIX Chartwell Income Fund	3.53%	13.23%	7.20%	7.77%	-0.09%

Returns By Period

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

FRGAX

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

BERIX

• 1D: 0.20%
• 1M: -1.25%
• YTD: 3.53%
• 6M: 6.19%
• 1Y: 13.23%
• 3Y*: 9.06%
• 5Y*: 4.94%
• 10Y*: 4.99%

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

FRGAX vs. BERIX - Expense Ratio Comparison

FRGAX has a 0.02% expense ratio, which is lower than BERIX's 0.64% expense ratio.

BERIX

Chartwell Income Fund

FRGAX

Fidelity 70% Allocation Fund

Return for Risk

FRGAX vs. BERIX — Risk / Return Rank

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

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

BERIX

BERIX Risk / Return Rank: 96
BERIX Sharpe Ratio Rank: 97
BERIX Sortino Ratio Rank: 95
BERIX Omega Ratio Rank: 95
BERIX Calmar Ratio Rank: 98
BERIX Martin Ratio Rank: 97

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.

FRGAX vs. BERIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity 70% Allocation Fund (FRGAX) and Chartwell Income Fund (BERIX). 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.

	FRGAX	BERIX	Difference
Sharpe ratio Return per unit of total volatility	1.15	2.54	-1.39
Sortino ratio Return per unit of downside risk	1.67	3.26	-1.58
Omega ratio Gain probability vs. loss probability	1.25	1.52	-0.27
Calmar ratio Return relative to maximum drawdown	1.41	4.62	-3.21
Martin ratio Return relative to average drawdown	6.55	17.20	-10.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRGAX vs. BERIX - Sharpe Ratio Comparison

The current FRGAX Sharpe Ratio is 1.15, which is lower than the BERIX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of FRGAX and BERIX, 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

	FRGAX	BERIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	2.54	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	1.07	+0.14

Correlation

The correlation between FRGAX and BERIX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FRGAX vs. BERIX - Dividend Comparison

FRGAX's dividend yield for the trailing twelve months is around 2.08%, less than BERIX's 3.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRGAX Fidelity 70% Allocation Fund	2.08%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BERIX Chartwell Income Fund	3.58%	3.97%	3.90%	3.36%	3.54%	2.58%	3.07%	3.03%	5.83%	5.22%	2.76%	2.45%

Drawdowns

FRGAX vs. BERIX - Drawdown Comparison

The maximum FRGAX drawdown since its inception was -11.77%, smaller than the maximum BERIX drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for FRGAX and BERIX.

Drawdown Indicators

	FRGAX	BERIX	Difference
Max Drawdown Largest peak-to-trough decline	-11.77%	-20.34%	+8.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	-2.95%	-5.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.34%	—
Current Drawdown Current decline from peak	-7.03%	-1.25%	-5.78%
Average Drawdown Average peak-to-trough decline	-1.62%	-2.60%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	0.79%	+1.08%

Volatility

FRGAX vs. BERIX - Volatility Comparison

Fidelity 70% Allocation Fund (FRGAX) has a higher volatility of 3.78% compared to Chartwell Income Fund (BERIX) at 1.47%. This indicates that FRGAX's price experiences larger fluctuations and is considered to be riskier than BERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRGAX	BERIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	1.47%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	6.72%	4.28%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	5.38%	+6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.27%	5.94%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.27%	6.00%	+4.27%