FRGAX vs. VTMFX
Compare and contrast key facts about Fidelity 70% Allocation Fund (FRGAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022. VTMFX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
FRGAX vs. VTMFX - Performance Comparison
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FRGAX vs. VTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRGAX Fidelity 70% Allocation Fund | -3.53% | 17.10% | 12.91% | 17.57% | -1.63% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -3.56% | 11.28% | 12.17% | 15.55% | -1.39% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FRGAX having a -3.53% return and VTMFX slightly lower at -3.56%.
FRGAX
- 1D
- -0.17%
- 1M
- -6.67%
- YTD
- -3.53%
- 6M
- -1.21%
- 1Y
- 13.49%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
VTMFX
- 1D
- -0.08%
- 1M
- -5.04%
- YTD
- -3.56%
- 6M
- -1.55%
- 1Y
- 9.77%
- 3Y*
- 9.90%
- 5Y*
- 6.01%
- 10Y*
- 7.82%
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FRGAX vs. VTMFX - Expense Ratio Comparison
FRGAX has a 0.02% expense ratio, which is lower than VTMFX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FRGAX vs. VTMFX — Risk / Return Rank
FRGAX
VTMFX
FRGAX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 70% Allocation Fund (FRGAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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 | VTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.21 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.75 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.36 | +0.05 |
Martin ratioReturn relative to average drawdown | 6.55 | 6.49 | +0.06 |
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 | VTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.21 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.82 | +0.39 |
Correlation
The correlation between FRGAX and VTMFX 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. VTMFX - Dividend Comparison
FRGAX's dividend yield for the trailing twelve months is around 2.08%, less than VTMFX's 2.31% 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% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.31% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Drawdowns
FRGAX vs. VTMFX - Drawdown Comparison
The maximum FRGAX drawdown since its inception was -11.77%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for FRGAX and VTMFX.
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Drawdown Indicators
| FRGAX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.77% | -28.49% | +16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -6.82% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.87% | — |
Current DrawdownCurrent decline from peak | -7.03% | -5.38% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -3.56% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.43% | +0.44% |
Volatility
FRGAX vs. VTMFX - Volatility Comparison
Fidelity 70% Allocation Fund (FRGAX) has a higher volatility of 3.78% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.30%. This indicates that FRGAX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRGAX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 2.30% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 4.60% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 8.45% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.27% | 8.49% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.27% | 9.09% | +1.18% |