FSRRX vs. PALDX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Strategic Real Return Fund (FSRRX) and PGIM 60/40 Allocation Fund (PALDX).

FSRRX is managed by Fidelity. It was launched on Sep 7, 2005. PALDX is managed by PGIM. It was launched on Sep 12, 2017.

Performance

FSRRX vs. PALDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Strategic Real Return Fund (FSRRX) and PGIM 60/40 Allocation Fund (PALDX). The values are adjusted to include any dividend payments, if applicable.

FSRRX vs. PALDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSRRX Fidelity Strategic Real Return Fund	5.76%	10.45%	5.84%	4.59%	-3.34%	15.84%	3.74%	10.48%	-3.99%	0.90%
PALDX PGIM 60/40 Allocation Fund	-3.62%	13.62%	18.96%	18.90%	-15.65%	16.30%	10.68%	22.27%	-4.12%	5.95%

Returns By Period

In the year-to-date period, FSRRX achieves a 5.76% return, which is significantly higher than PALDX's -3.62% return.

FSRRX

• 1D: 0.21%
• 1M: -0.53%
• YTD: 5.76%
• 6M: 8.09%
• 1Y: 13.17%
• 3Y*: 8.68%
• 5Y*: 6.94%
• 10Y*: 5.75%

PALDX

• 1D: -0.22%
• 1M: -5.44%
• YTD: -3.62%
• 6M: -1.03%
• 1Y: 12.43%
• 3Y*: 13.72%
• 5Y*: 7.99%
• 10Y*: —

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

FSRRX vs. PALDX - Expense Ratio Comparison

FSRRX has a 0.70% expense ratio, which is higher than PALDX's 0.03% expense ratio.

FSRRX

Fidelity Strategic Real Return Fund

PALDX

PGIM 60/40 Allocation Fund

Return for Risk

FSRRX vs. PALDX — Risk / Return Rank

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

FSRRX

FSRRX Risk / Return Rank: 92
FSRRX Sharpe Ratio Rank: 94
FSRRX Sortino Ratio Rank: 92
FSRRX Omega Ratio Rank: 93
FSRRX Calmar Ratio Rank: 88
FSRRX Martin Ratio Rank: 94

PALDX

PALDX Risk / Return Rank: 66
PALDX Sharpe Ratio Rank: 63
PALDX Sortino Ratio Rank: 66
PALDX Omega Ratio Rank: 67
PALDX Calmar Ratio Rank: 62
PALDX Martin Ratio Rank: 72

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.

FSRRX vs. PALDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Real Return Fund (FSRRX) and PGIM 60/40 Allocation Fund (PALDX). 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.

	FSRRX	PALDX	Difference
Sharpe ratio Return per unit of total volatility	2.14	1.12	+1.02
Sortino ratio Return per unit of downside risk	2.77	1.65	+1.11
Omega ratio Gain probability vs. loss probability	1.45	1.25	+0.20
Calmar ratio Return relative to maximum drawdown	2.32	1.42	+0.90
Martin ratio Return relative to average drawdown	12.34	6.83	+5.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSRRX vs. PALDX - Sharpe Ratio Comparison

The current FSRRX Sharpe Ratio is 2.14, which is higher than the PALDX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of FSRRX and PALDX, 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

	FSRRX	PALDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	1.12	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.67	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.71	-0.13

Correlation

The correlation between FSRRX and PALDX is 0.57, 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

FSRRX vs. PALDX - Dividend Comparison

FSRRX's dividend yield for the trailing twelve months is around 4.43%, less than PALDX's 5.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSRRX Fidelity Strategic Real Return Fund	4.43%	4.68%	4.82%	5.29%	7.31%	5.35%	2.25%	3.05%	9.39%	1.57%	2.34%	1.75%
PALDX PGIM 60/40 Allocation Fund	5.62%	5.42%	10.40%	2.94%	6.19%	6.87%	2.58%	4.58%	3.65%	1.48%	0.00%	0.00%

Drawdowns

FSRRX vs. PALDX - Drawdown Comparison

The maximum FSRRX drawdown since its inception was -33.42%, which is greater than PALDX's maximum drawdown of -26.16%. Use the drawdown chart below to compare losses from any high point for FSRRX and PALDX.

Drawdown Indicators

	FSRRX	PALDX	Difference
Max Drawdown Largest peak-to-trough decline	-33.42%	-26.16%	-7.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.80%	-8.20%	+2.40%
Max Drawdown (5Y) Largest decline over 5 years	-12.78%	-20.47%	+7.69%
Max Drawdown (10Y) Largest decline over 10 years	-19.93%	—	—
Current Drawdown Current decline from peak	-0.74%	-5.96%	+5.22%
Average Drawdown Average peak-to-trough decline	-4.25%	-4.16%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.70%	-0.61%

Volatility

FSRRX vs. PALDX - Volatility Comparison

The current volatility for Fidelity Strategic Real Return Fund (FSRRX) is 1.68%, while PGIM 60/40 Allocation Fund (PALDX) has a volatility of 3.05%. This indicates that FSRRX experiences smaller price fluctuations and is considered to be less risky than PALDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRRX	PALDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.68%	3.05%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	5.86%	-1.99%
Volatility (1Y) Calculated over the trailing 1-year period	6.32%	11.52%	-5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.91%	12.08%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	12.75%	-6.02%