SAGPX vs. FZROX

Last updated Jul 4, 2026

SAGPX (Principal Strategic Asset Management Conservative Growth Portfolio) and FZROX (Fidelity ZERO Total Market Index Fund) are both mutual funds - SAGPX is a Diversified Portfolio fund managed by BlackRock, while FZROX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, SAGPX returned 9.20%/yr vs 12.16%/yr for FZROX. With a 0.96 correlation, they move nearly in lockstep. SAGPX charges 0.60%/yr vs 0.00%/yr for FZROX.

Performance

SAGPX vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Strategic Asset Management Conservative Growth Portfolio (SAGPX) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAGPX achieves a 9.44% return, which is significantly lower than FZROX's 10.74% return.

SAGPX

• 1D: 0.24%
• 1M: -0.33%
• 6M: 8.82%
• YTD: 9.44%
• 1Y: 17.11%
• 3Y*: 18.13%
• 5Y*: 9.20%
• 10Y*: 10.92%

FZROX

• 1D: -0.04%
• 1M: -0.87%
• 6M: 10.42%
• YTD: 10.74%
• 1Y: 21.14%
• 3Y*: 20.35%
• 5Y*: 12.16%
• 10Y*: —

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

SAGPX vs. FZROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SAGPX Principal Strategic Asset Management Conservative Growth Portfolio	9.44%	15.24%	21.99%	18.93%	-18.09%	17.13%	12.53%	23.55%	-8.48%
FZROX Fidelity ZERO Total Market Index Fund	10.74%	17.23%	23.94%	26.20%	-19.21%	26.00%	20.51%	31.15%	-12.72%

Correlation

The correlation between SAGPX and FZROX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018	0.96

The correlation between SAGPX and FZROX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

SAGPX vs. FZROX — Risk / Return Rank

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

SAGPX

SAGPX Risk / Return Rank: 57
SAGPX Sharpe Ratio Rank: 55
SAGPX Sortino Ratio Rank: 53
SAGPX Omega Ratio Rank: 56
SAGPX Calmar Ratio Rank: 53
SAGPX Martin Ratio Rank: 66

FZROX

FZROX Risk / Return Rank: 61
FZROX Sharpe Ratio Rank: 57
FZROX Sortino Ratio Rank: 54
FZROX Omega Ratio Rank: 54
FZROX Calmar Ratio Rank: 64
FZROX Martin Ratio Rank: 75

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.

SAGPX vs. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Strategic Asset Management Conservative Growth Portfolio (SAGPX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.

	SAGPX	FZROX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.73	-0.06
Sortino ratio: Return per unit of downside risk	2.35	2.38	-0.03
Omega ratio: Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	2.26	2.50	-0.24
Martin ratio: Return relative to average drawdown	9.96	10.99	-1.03

SAGPX vs. FZROX - Sharpe Ratio Comparison

The current SAGPX Sharpe Ratio is 1.67, which is comparable to the FZROX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of SAGPX and FZROX, 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

SAGPX vs. FZROX - Drawdown Comparison

The maximum SAGPX drawdown since its inception was -49.37%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for SAGPX and FZROX.

Drawdown Indicators

	SAGPX	FZROX	Difference
Max Drawdown Largest peak-to-trough decline	-49.37%	-34.96%	-14.41%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-8.89%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.68%	-19.38%	+5.70%
Max Drawdown (5Y) Largest decline over 5 years	-24.89%	-25.12%	+0.23%
Max Drawdown (10Y) Largest decline over 10 years	-30.48%	—	—
Current Drawdown Current decline from peak	-0.56%	-1.13%	+0.57%
Average Drawdown Average peak-to-trough decline	-7.61%	-5.47%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	2.02%	-0.22%

Volatility

SAGPX vs. FZROX - Volatility Comparison

The current volatility for Principal Strategic Asset Management Conservative Growth Portfolio (SAGPX) is 4.29%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.10%. This indicates that SAGPX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAGPX	FZROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	5.10%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	10.20%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	12.90%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	17.55%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.71%	20.10%	-6.39%

SAGPX vs. FZROX - Expense Ratio Comparison

SAGPX has a 0.60% expense ratio, which is higher than FZROX's 0.00% expense ratio.

Dividends

SAGPX vs. FZROX - Dividend Comparison

SAGPX's dividend yield for the trailing twelve months is around 12.29%, more than FZROX's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FZROX Fidelity ZERO Total Market Index Fund	0.92%	1.02%	1.16%	1.36%	1.57%	1.25%	1.27%	1.51%	0.00%	0.00%	0.00%	0.00%
SAGPX Principal Strategic Asset Management Conservative Growth Portfolio	12.29%	13.45%	13.19%	1.22%	11.82%	8.20%	3.37%	3.93%	14.06%	8.42%	3.33%	11.07%

Frequently Asked Questions

Can I hold both SAGPX and FZROX in my portfolio?

With a correlation of 0.95, SAGPX and FZROX 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, SAGPX or FZROX?

FZROX has higher volatility (5.10%) compared to SAGPX (4.29%). In terms of maximum drawdown, SAGPX dropped -49.37% vs FZROX's -34.96%.

Which has better risk-adjusted returns?

FZROX currently has the higher Sharpe Ratio (1.73 vs 1.67), 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.