MAANX vs. FRGAX
Compare and contrast key facts about Mutual of America Aggressive Allocation Fund (MAANX) and Fidelity 70% Allocation Fund (FRGAX).
MAANX is managed by Mutual of America. It was launched on Nov 29, 2021. FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022.
Performance
MAANX vs. FRGAX - Performance Comparison
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MAANX vs. FRGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MAANX Mutual of America Aggressive Allocation Fund | -3.18% | 16.23% | 12.16% | 12.48% | -2.01% |
FRGAX Fidelity 70% Allocation Fund | -3.53% | 17.10% | 12.91% | 17.57% | -1.63% |
Returns By Period
In the year-to-date period, MAANX achieves a -3.18% return, which is significantly higher than FRGAX's -3.53% return.
MAANX
- 1D
- -1.43%
- 1M
- -7.93%
- YTD
- -3.18%
- 6M
- -0.71%
- 1Y
- 14.13%
- 3Y*
- 10.62%
- 5Y*
- 5.29%
- 10Y*
- —
FRGAX
- 1D
- -0.17%
- 1M
- -6.67%
- YTD
- -3.53%
- 6M
- -1.21%
- 1Y
- 13.49%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
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MAANX vs. FRGAX - Expense Ratio Comparison
MAANX has a 0.05% expense ratio, which is higher than FRGAX's 0.02% expense ratio. However, 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
MAANX vs. FRGAX — Risk / Return Rank
MAANX
FRGAX
MAANX vs. FRGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mutual of America Aggressive Allocation Fund (MAANX) 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.
| MAANX | FRGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.15 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.67 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.41 | -0.72 |
Martin ratioReturn relative to average drawdown | 3.22 | 6.55 | -3.33 |
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
| MAANX | FRGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.15 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.21 | -1.06 |
Correlation
The correlation between MAANX and FRGAX is 0.88, 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
MAANX vs. FRGAX - Dividend Comparison
MAANX's dividend yield for the trailing twelve months is around 11.04%, more than FRGAX's 2.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MAANX Mutual of America Aggressive Allocation Fund | 11.04% | 10.68% | 7.81% | 4.21% | 12.49% | 7.60% |
FRGAX Fidelity 70% Allocation Fund | 2.08% | 2.00% | 2.01% | 1.77% | 1.71% | 0.00% |
Drawdowns
MAANX vs. FRGAX - Drawdown Comparison
The maximum MAANX drawdown since its inception was -29.21%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for MAANX and FRGAX.
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Drawdown Indicators
| MAANX | FRGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.21% | -11.77% | -17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -8.53% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -7.03% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -1.62% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.87% | +0.91% |
Volatility
MAANX vs. FRGAX - Volatility Comparison
The current volatility for Mutual of America Aggressive Allocation Fund (MAANX) is 3.41%, while Fidelity 70% Allocation Fund (FRGAX) has a volatility of 3.78%. This indicates that MAANX experiences smaller price fluctuations and is considered to be less risky than FRGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAANX | FRGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.78% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 6.72% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 11.92% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 10.27% | +6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 385.95% | 10.27% | +375.68% |