NAINX vs. FRGAX

Last updated Aug 4, 2026

NAINX (Virtus Tactical Allocation Fund) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, NAINX returned 8.35%/yr vs 14.11%/yr for FRGAX. Their correlation of 0.92 means they have usually moved in the same direction. NAINX charges 1.00%/yr vs 0.02%/yr for FRGAX.

Performance

NAINX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Tactical Allocation Fund (NAINX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAINX achieves a 0.06% return, which is significantly lower than FRGAX's 7.85% return.

NAINX

• 1D: 0.10%
• 1M: -1.73%
• 6M: -0.45%
• YTD: 0.06%
• 1Y: 0.21%
• 3Y*: 8.35%
• 5Y*: 1.49%
• 10Y*: 7.72%
• ALL TIME*: 6.70%

FRGAX

• 1D: 0.22%
• 1M: -0.44%
• 6M: 5.32%
• YTD: 7.85%
• 1Y: 16.84%
• 3Y*: 14.11%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.53%

*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
NAINX Virtus Tactical Allocation Fund	$0.00	$0.00	$0.00

NAINX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NAINX Virtus Tactical Allocation Fund	0.06%	6.83%	14.00%	22.38%	0.46%
FRGAX Fidelity 70% Allocation Fund	7.85%	17.10%	12.91%	17.57%	-1.63%

Correlation

The correlation between NAINX and FRGAX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.92

The correlation between NAINX and FRGAX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

NAINX vs. FRGAX — Risk / Return Rank

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

NAINX

NAINX Risk / Return Rank: 3
NAINX Sharpe Ratio Rank: 4
NAINX Sortino Ratio Rank: 3
NAINX Omega Ratio Rank: 3
NAINX Calmar Ratio Rank: 4
NAINX Martin Ratio Rank: 3

FRGAX

FRGAX Risk / Return Rank: 67
FRGAX Sharpe Ratio Rank: 65
FRGAX Sortino Ratio Rank: 64
FRGAX Omega Ratio Rank: 63
FRGAX Calmar Ratio Rank: 66
FRGAX Martin Ratio Rank: 75

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.

NAINX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Tactical Allocation Fund (NAINX) 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.

	NAINX	FRGAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.64	-1.69
Sortino ratio: Return per unit of downside risk	-0.01	2.33	-2.34
Omega ratio: Gain probability vs. loss probability	1.00	1.30	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.05	2.30	-2.35
Martin ratio: Return relative to average drawdown	-0.16	9.64	-9.80

NAINX vs. FRGAX - Sharpe Ratio Comparison

The current NAINX Sharpe Ratio is -0.05, which is lower than the FRGAX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of NAINX 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

NAINX vs. FRGAX - Drawdown Comparison

The maximum NAINX drawdown since its inception was -36.50%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for NAINX and FRGAX.

Drawdown Indicators

	NAINX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.50%	-11.77%	-24.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-7.03%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	-11.79%	-11.77%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-36.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.50%	—	—
Current Drawdown Current decline from peak	-2.20%	-1.39%	-0.81%
Average Drawdown Average peak-to-trough decline	-5.26%	-1.57%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.67%	+1.46%

Volatility

NAINX vs. FRGAX - Volatility Comparison

The current volatility for Virtus Tactical Allocation Fund (NAINX) is 2.39%, while Fidelity 70% Allocation Fund (FRGAX) has a volatility of 2.71%. This indicates that NAINX 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.

Volatility by Period

	NAINX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	2.71%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	8.17%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	9.64%	9.87%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	10.37%	+3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	10.37%	+2.93%

NAINX vs. FRGAX - Expense Ratio Comparison

NAINX has a 1.00% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

Dividends

NAINX vs. FRGAX - Dividend Comparison

NAINX's dividend yield for the trailing twelve months is around 16.03%, more than FRGAX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRGAX Fidelity 70% Allocation Fund	1.86%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NAINX Virtus Tactical Allocation Fund	16.03%	15.87%	13.38%	1.94%	7.34%	7.54%	2.06%	2.24%	4.41%	2.61%	10.78%	7.34%

Frequently Asked Questions

Can I hold both NAINX and FRGAX in my portfolio?

NAINX and FRGAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAINX or FRGAX?

FRGAX has higher volatility (2.71%) compared to NAINX (2.39%). In terms of maximum drawdown, NAINX dropped -36.50% vs FRGAX's -11.77%.

Which has better risk-adjusted returns?

FRGAX currently has the higher Sharpe Ratio (1.64 vs -0.05), 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.