Fidelity Balanced Fund (FBALX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity Balanced Fund (FBALX) is up 10.2% since the beginning of the year. FBALX is currently trading at $35 per share. Investors who bought $1,000 worth of FBALX shares 5 years ago would now be looking at an investment worth $1,574.

Fidelity Balanced Fund (FBALX) has returned 10.21% so far this year and 23.97% over the past 12 months. Over the last ten years, FBALX has returned 11.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 6, 1986, FBALX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +10.4%, while the worst month was Oct 2008 at -13.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FBALX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -8.3%.

Fidelity Balanced Fund has an annualized alpha of 3.58%, beta of 0.57, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since November 06, 1986.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (68.02%) than losses (61.82%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.58% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.57 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

FBALX has an expense ratio of 0.46%, placing it in the medium range.

FBALX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Fidelity Balanced Fund provided a 5.14% dividend yield over the last twelve months, with an annual payout of $1.82 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Balanced Fund was 43.57%, occurring on Mar 9, 2009. Recovery took 491 trading sessions.

The current Fidelity Balanced Fund drawdown is 0.14%.

The chart below shows the rolling one-month volatility.