OAKBX vs. FRGAX

Last updated Apr 2, 2026

Compare and contrast key facts about Oakmark Equity and Income Fund (OAKBX) and Fidelity 70% Allocation Fund (FRGAX).

OAKBX is managed by Oakmark. It was launched on Oct 31, 1995. FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022.

Performance

OAKBX vs. FRGAX - Performance Comparison

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

OAKBX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAKBX Oakmark Equity and Income Fund	-3.14%	11.05%	8.73%	17.39%	-2.72%
FRGAX Fidelity 70% Allocation Fund	-1.44%	17.10%	12.91%	17.57%	-1.63%

Returns By Period

In the year-to-date period, OAKBX achieves a -3.14% return, which is significantly lower than FRGAX's -1.44% return.

OAKBX

• 1D: 1.40%
• 1M: -2.99%
• YTD: -3.14%
• 6M: -0.30%
• 1Y: 6.42%
• 3Y*: 9.96%
• 5Y*: 6.82%
• 10Y*: 8.76%

FRGAX

• 1D: 2.16%
• 1M: -4.28%
• YTD: -1.44%
• 6M: 0.52%
• 1Y: 15.52%
• 3Y*: 13.10%
• 5Y*: —
• 10Y*: —

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

OAKBX vs. FRGAX - Expense Ratio Comparison

OAKBX has a 0.83% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

OAKBX

Oakmark Equity and Income Fund

FRGAX

Fidelity 70% Allocation Fund

Return for Risk

OAKBX vs. FRGAX — Risk / Return Rank

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

OAKBX

OAKBX Risk / Return Rank: 22
OAKBX Sharpe Ratio Rank: 20
OAKBX Sortino Ratio Rank: 19
OAKBX Omega Ratio Rank: 18
OAKBX Calmar Ratio Rank: 26
OAKBX Martin Ratio Rank: 26

FRGAX

FRGAX Risk / Return Rank: 67
FRGAX Sharpe Ratio Rank: 67
FRGAX Sortino Ratio Rank: 68
FRGAX Omega Ratio Rank: 67
FRGAX Calmar Ratio Rank: 62
FRGAX Martin Ratio Rank: 70

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.

OAKBX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oakmark Equity and Income Fund (OAKBX) 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.

	OAKBX	FRGAX	Difference
Sharpe ratio Return per unit of total volatility	0.56	1.33	-0.77
Sortino ratio Return per unit of downside risk	0.87	1.93	-1.06
Omega ratio Gain probability vs. loss probability	1.12	1.28	-0.17
Calmar ratio Return relative to maximum drawdown	0.82	1.74	-0.93
Martin ratio Return relative to average drawdown	2.96	7.96	-5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAKBX vs. FRGAX - Sharpe Ratio Comparison

The current OAKBX Sharpe Ratio is 0.56, which is lower than the FRGAX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of OAKBX and FRGAX, 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

	OAKBX	FRGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.33	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.27	-0.43

Correlation

The correlation between OAKBX and FRGAX is 0.82, 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

OAKBX vs. FRGAX - Dividend Comparison

OAKBX's dividend yield for the trailing twelve months is around 2.28%, more than FRGAX's 2.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OAKBX Oakmark Equity and Income Fund	2.28%	2.16%	2.05%	2.28%	1.44%	14.26%	4.17%	9.07%	10.05%	8.09%	4.13%	6.53%
FRGAX Fidelity 70% Allocation Fund	2.03%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

OAKBX vs. FRGAX - Drawdown Comparison

The maximum OAKBX drawdown since its inception was -31.31%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for OAKBX and FRGAX.

Drawdown Indicators

	OAKBX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-31.31%	-11.77%	-19.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-8.53%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-20.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.19%	—	—
Current Drawdown Current decline from peak	-5.06%	-5.02%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.78%	-1.62%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.87%	+0.52%

Volatility

OAKBX vs. FRGAX - Volatility Comparison

The current volatility for Oakmark Equity and Income Fund (OAKBX) is 3.16%, while Fidelity 70% Allocation Fund (FRGAX) has a volatility of 4.51%. This indicates that OAKBX 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

	OAKBX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	4.51%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	6.55%	7.04%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	12.09%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	10.33%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	10.33%	+2.72%