BAGIX vs. FBALX
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and Fidelity Balanced Fund (FBALX).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. 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: BAGIX or FBALX.
Key characteristics
| BAGIX | FBALX | |
|---|---|---|
| YTD Return | 1.91% | 14.20% |
| 1Y Return | 8.54% | 23.77% |
| 3Y Return (Ann) | -2.26% | 3.86% |
| 5Y Return (Ann) | 0.21% | 11.17% |
| 10Y Return (Ann) | 1.83% | 9.53% |
| Sharpe Ratio | 1.69 | 2.88 |
| Sortino Ratio | 2.51 | 4.06 |
| Omega Ratio | 1.31 | 1.55 |
| Calmar Ratio | 0.66 | 2.53 |
| Martin Ratio | 6.82 | 19.01 |
| Ulcer Index | 1.48% | 1.30% |
| Daily Std Dev | 5.95% | 8.58% |
| Max Drawdown | -18.62% | -42.81% |
| Current Drawdown | -7.39% | -1.93% |
Correlation
The correlation between BAGIX and FBALX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BAGIX vs. FBALX - Performance Comparison
In the year-to-date period, BAGIX achieves a 1.91% return, which is significantly lower than FBALX's 14.20% return. Over the past 10 years, BAGIX has underperformed FBALX with an annualized return of 1.83%, while FBALX has yielded a comparatively higher 9.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAGIX vs. FBALX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
BAGIX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) 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
BAGIX vs. FBALX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 3.90%, less than FBALX's 5.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 3.90% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.53% | 2.46% | 2.87% | 3.31% |
FBALX Fidelity Balanced Fund | 5.22% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
BAGIX vs. FBALX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for BAGIX and FBALX. For additional features, visit the drawdowns tool.
Volatility
BAGIX vs. FBALX - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund Class I (BAGIX) is 1.13%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.14%. This indicates that BAGIX 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.