ABALX vs. FBALX
Compare and contrast key facts about American Funds American Balanced Fund Class A (ABALX) and Fidelity Balanced Fund (FBALX).
ABALX is managed by American Funds. It was launched on Jul 26, 1975. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABALX or FBALX.
Performance
ABALX vs. FBALX - Performance Comparison
Returns By Period
In the year-to-date period, ABALX achieves a 14.95% return, which is significantly lower than FBALX's 17.26% return. Over the past 10 years, ABALX has underperformed FBALX with an annualized return of 8.24%, while FBALX has yielded a comparatively higher 9.67% annualized return.
ABALX
14.95%
-0.14%
8.50%
20.79%
8.70%
8.24%
FBALX
17.26%
1.07%
9.11%
22.73%
11.54%
9.67%
Key characteristics
| ABALX | FBALX | |
|---|---|---|
| Sharpe Ratio | 2.52 | 2.68 |
| Sortino Ratio | 3.56 | 3.77 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 4.31 | 3.50 |
| Martin Ratio | 16.87 | 17.47 |
| Ulcer Index | 1.25% | 1.32% |
| Daily Std Dev | 8.38% | 8.58% |
| Max Drawdown | -39.31% | -42.81% |
| Current Drawdown | -1.46% | -0.75% |
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ABALX vs. FBALX - Expense Ratio Comparison
ABALX has a 0.56% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Correlation
The correlation between ABALX and FBALX is 0.88, 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.
Risk-Adjusted Performance
ABALX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class A (ABALX) and Fidelity Balanced Fund (FBALX). 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.
Dividends
ABALX vs. FBALX - Dividend Comparison
ABALX's dividend yield for the trailing twelve months is around 2.16%, more than FBALX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 2.16% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
FBALX Fidelity Balanced Fund | 1.76% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
ABALX vs. FBALX - Drawdown Comparison
The maximum ABALX drawdown since its inception was -39.31%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for ABALX and FBALX. For additional features, visit the drawdowns tool.
Volatility
ABALX vs. FBALX - Volatility Comparison
The current volatility for American Funds American Balanced Fund Class A (ABALX) is 2.42%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.68%. This indicates that ABALX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.