FRGAX vs. FXAIX
Compare and contrast key facts about Fidelity 70% Allocation Fund (FRGAX) and Fidelity 500 Index Fund (FXAIX).
FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FRGAX vs. FXAIX - Performance Comparison
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FRGAX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRGAX Fidelity 70% Allocation Fund | -3.53% | 17.10% | 12.91% | 17.57% | -1.63% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -3.92% |
Returns By Period
In the year-to-date period, FRGAX achieves a -3.53% return, which is significantly higher than FXAIX's -7.05% return.
FRGAX
- 1D
- -0.17%
- 1M
- -6.67%
- YTD
- -3.53%
- 6M
- -1.21%
- 1Y
- 13.49%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FRGAX vs. FXAIX - Expense Ratio Comparison
Both FRGAX and FXAIX have an expense ratio of 0.02%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FRGAX vs. FXAIX — Risk / Return Rank
FRGAX
FXAIX
FRGAX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 70% Allocation Fund (FRGAX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.84 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.30 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.05 | +0.35 |
Martin ratioReturn relative to average drawdown | 6.55 | 5.13 | +1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRGAX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.84 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.75 | +0.46 |
Correlation
The correlation between FRGAX and FXAIX is 0.95, 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
FRGAX vs. FXAIX - Dividend Comparison
FRGAX's dividend yield for the trailing twelve months is around 2.08%, more than FXAIX's 1.20% 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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FRGAX vs. FXAIX - Drawdown Comparison
The maximum FRGAX drawdown since its inception was -11.77%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FRGAX and FXAIX.
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Drawdown Indicators
| FRGAX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.77% | -33.79% | +22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -12.13% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -7.03% | -8.89% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -3.83% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.50% | -0.63% |
Volatility
FRGAX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity 70% Allocation Fund (FRGAX) is 3.78%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.24%. This indicates that FRGAX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRGAX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.24% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 9.08% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 18.13% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.27% | 16.88% | -6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.27% | 18.03% | -7.76% |