FSCNX vs. FRGAX

Last updated Aug 5, 2026

FSCNX (Fidelity Advisor Asset Manager 60% Fund Class C) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, FSCNX returned 12.69%/yr vs 15.04%/yr for FRGAX. Their 0.98 correlation means they have historically moved very closely together. FSCNX charges 1.78%/yr vs 0.02%/yr for FRGAX.

Performance

FSCNX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 60% Fund Class C (FSCNX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FSCNX having a 9.26% return and FRGAX slightly lower at 8.89%.

FSCNX

• 1D: 0.77%
• 1M: 0.16%
• 6M: 6.34%
• YTD: 9.26%
• 1Y: 16.61%
• 3Y*: 12.69%
• 5Y*: 5.56%
• 10Y*: 7.56%
• ALL TIME*: 5.59%

FRGAX

• 1D: 0.97%
• 1M: 0.52%
• 6M: 6.67%
• YTD: 8.89%
• 1Y: 16.77%
• 3Y*: 15.04%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FRGAX Fidelity 70% Allocation Fund	$0.00	$0.00	$0.00
FSCNX Fidelity Advisor Asset Manager 60% Fund Class C	$0.00	$0.00	$0.00

FSCNX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSCNX Fidelity Advisor Asset Manager 60% Fund Class C	9.26%	15.36%	8.35%	13.51%	-0.26%
FRGAX Fidelity 70% Allocation Fund	8.89%	17.10%	12.91%	17.57%	-1.63%

Correlation

The correlation between FSCNX and FRGAX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.98

The correlation between FSCNX and FRGAX has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

FSCNX vs. FRGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSCNX

FSCNX Risk / Return Rank: 66
FSCNX Sharpe Ratio Rank: 63
FSCNX Sortino Ratio Rank: 63
FSCNX Omega Ratio Rank: 62
FSCNX Calmar Ratio Rank: 66
FSCNX Martin Ratio Rank: 74

FRGAX

FRGAX Risk / Return Rank: 75
FRGAX Sharpe Ratio Rank: 75
FRGAX Sortino Ratio Rank: 73
FRGAX Omega Ratio Rank: 71
FRGAX Calmar Ratio Rank: 74
FRGAX Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSCNX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 60% Fund Class C (FSCNX) 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.

	FSCNX	FRGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.84	-0.08
Sortino ratio: Return per unit of downside risk	2.48	2.60	-0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.49	2.58	-0.09
Martin ratio: Return relative to average drawdown	10.37	10.79	-0.42

FSCNX vs. FRGAX - Sharpe Ratio Comparison

The current FSCNX Sharpe Ratio is 1.76, which is comparable to the FRGAX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of FSCNX and FRGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSCNX vs. FRGAX - Drawdown Comparison

The maximum FSCNX drawdown since its inception was -42.29%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for FSCNX and FRGAX.

Drawdown Indicators

	FSCNX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	-11.77%	-30.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-7.03%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-11.20%	-11.77%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-23.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.47%	—	—
Current Drawdown Current decline from peak	-0.60%	-0.44%	-0.16%
Average Drawdown Average peak-to-trough decline	-5.96%	-1.57%	-4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.67%	+0.05%

Volatility

FSCNX vs. FRGAX - Volatility Comparison

Fidelity Advisor Asset Manager 60% Fund Class C (FSCNX) and Fidelity 70% Allocation Fund (FRGAX) have volatilities of 2.99% and 2.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSCNX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	2.88%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.66%	8.20%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.21%	9.89%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	10.38%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	10.38%	+0.63%

FSCNX vs. FRGAX - Expense Ratio Comparison

FSCNX has a 1.78% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

Dividends

FSCNX vs. FRGAX - Dividend Comparison

FSCNX's dividend yield for the trailing twelve months is around 4.42%, more than FRGAX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRGAX Fidelity 70% Allocation Fund	1.84%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSCNX Fidelity Advisor Asset Manager 60% Fund Class C	4.42%	4.83%	2.17%	0.85%	3.16%	1.48%	0.87%	3.07%	3.50%	1.81%	0.20%	3.10%

Frequently Asked Questions

Can I hold both FSCNX and FRGAX in my portfolio?

With a correlation of 0.98, FSCNX 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.

Which is riskier, FSCNX or FRGAX?

FSCNX has higher volatility (2.99%) compared to FRGAX (2.88%). In terms of maximum drawdown, FSCNX dropped -42.29% vs FRGAX's -11.77%.

Which has better risk-adjusted returns?

FRGAX currently has the higher Sharpe Ratio (1.83 vs 1.76), 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.