- Issuer
- Fidelity
- Inception Date
- Oct 18, 2024
- Region
- North America (U.S.)
- Category
- Allocation--50% to 70% Equity
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Allocation
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FBAQX Performance Chart
Fidelity Advisor Balanced Fund Class M (FBAQX) is up 9.9% since the beginning of the year. FBAQX is currently trading at $35 per share.
Loading charts...
Returns By Period
Fidelity Advisor Balanced Fund Class M (FBAQX) has returned 9.93% so far this year and 23.32% over the past 12 months.
Fidelity Advisor Balanced Fund Class M
- 1D
- 0.97%
- 1M
- 1.38%
- YTD
- 9.93%
- 6M
- 10.38%
- 1Y
- 23.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FBAQX Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2024, FBAQX's average daily return is +0.06%, while the average monthly return is +1.23%. At this rate, an investment would double in approximately 4.7 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2026 with a return of +7.9%, while the worst month was Mar 2025 at -4.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FBAQX closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +5.6%, while the worst single day was Apr 4, 2025 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.77% | 0.37% | -3.96% | 7.89% | 3.54% | 0.31% | 9.93% | ||||||
| 2025 | 1.86% | -0.56% | -4.11% | -0.24% | 4.10% | 4.14% | 1.58% | 1.56% | 2.83% | 2.13% | 0.59% | 0.04% | 14.51% |
| 2024 | -1.31% | 4.25% | -0.99% | 1.86% |
Benchmark Metrics
Fidelity Advisor Balanced Fund Class M has an annualized alpha of 5.12%, beta of 0.66, and R2 of 0.94 versus S&P 500 Index. Calculated based on daily prices since October 25, 2024.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (74.56%) than losses (54.71%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 5.12% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.66 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 5.12%
- Beta
- 0.66
- R²
- 0.94
- Upside Capture
- 74.56%
- Downside Capture
- 54.71%
Expense Ratio
FBAQX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FBAQX ranks 84 for risk / return — in the top 84% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class M (FBAQX) and compare them to S&P 500 Index.
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.
| FBAQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.35 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.66 | +0.93 |
| Martin ratioReturn relative to average drawdown | 16.75 | 11.86 | +4.89 |
Dividends
Dividend History
Fidelity Advisor Balanced Fund Class M provided a 4.65% dividend yield over the last twelve months, with an annual payout of $1.64 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.64 | $1.66 | $0.81 |
Dividend yield | 4.65% | 5.15% | 2.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Balanced Fund Class M. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $1.04 | $0.00 | $0.42 | $1.66 |
| 2024 | $0.81 | $0.81 |
Drawdowns
Drawdowns Chart
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Balanced Fund Class M. 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 Advisor Balanced Fund Class M was 12.64%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current Fidelity Advisor Balanced Fund Class M drawdown is 0.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -12.64%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 |
2026 pullback2026 | -6.51%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2024 pullback2024 | -3.45%Dec 2024 | 14d | 1mo 3d | 1mo 17dDec 2024 - Jan 2025 |
2025 pullback2025 | -3.13%Nov 2025 | 21d | 20d | 1mo 11dOct 2025 - Dec 2025 |
2026 pullback2026 | -2.92%Jun 2026 | 7d | 5d | 12dJun 2026 - Jun 2026 |
Drawdown Indicators
| FBAQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -56.78% | +44.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -9.10% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.14% | -2.49% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -10.72% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.03% | -0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FBAQX
Add Fidelity Advisor Balanced Fund Class M to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FBAQX