BALCX vs. FRGAX
Compare and contrast key facts about American Funds American Balanced Fund Class C (BALCX) and Fidelity 70% Allocation Fund (FRGAX).
BALCX is managed by American Funds. It was launched on Jul 26, 1975. FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022.
Performance
BALCX vs. FRGAX - Performance Comparison
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BALCX vs. FRGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | -1.33% | 17.58% | 14.00% | 12.97% | -1.31% |
FRGAX Fidelity 70% Allocation Fund | -3.53% | 17.10% | 12.91% | 17.57% | -1.63% |
Returns By Period
In the year-to-date period, BALCX achieves a -1.33% return, which is significantly higher than FRGAX's -3.53% return.
BALCX
- 1D
- 1.75%
- 1M
- -4.96%
- YTD
- -1.33%
- 6M
- 1.67%
- 1Y
- 16.04%
- 3Y*
- 13.35%
- 5Y*
- 7.46%
- 10Y*
- 8.40%
FRGAX
- 1D
- -0.17%
- 1M
- -6.30%
- YTD
- -3.53%
- 6M
- -1.60%
- 1Y
- 13.07%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
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BALCX vs. FRGAX - Expense Ratio Comparison
BALCX has a 1.31% expense ratio, which is higher than FRGAX's 0.02% expense ratio.
Return for Risk
BALCX vs. FRGAX — Risk / Return Rank
BALCX
FRGAX
BALCX vs. FRGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American Balanced Fund Class C (BALCX) and Fidelity 70% Allocation Fund (FRGAX). 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.
| BALCX | FRGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.15 | +0.33 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.67 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.41 | +0.89 |
Martin ratioReturn relative to average drawdown | 9.52 | 6.55 | +2.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BALCX | FRGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.15 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.21 | -0.63 |
Correlation
The correlation between BALCX and FRGAX is 0.95, 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.
Dividends
BALCX vs. FRGAX - Dividend Comparison
BALCX's dividend yield for the trailing twelve months is around 7.69%, more than FRGAX's 2.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BALCX American Funds American Balanced Fund Class C | 7.69% | 7.61% | 6.37% | 1.54% | 1.53% | 3.60% | 3.68% | 2.79% | 4.67% | 4.17% | 3.51% | 4.81% |
FRGAX Fidelity 70% Allocation Fund | 2.08% | 2.00% | 2.01% | 1.77% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BALCX vs. FRGAX - Drawdown Comparison
The maximum BALCX drawdown since its inception was -40.88%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for BALCX and FRGAX.
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Drawdown Indicators
| BALCX | FRGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.88% | -11.77% | -29.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -8.53% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.38% | — | — |
Current DrawdownCurrent decline from peak | -5.45% | -7.03% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -1.62% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.87% | -0.09% |
Volatility
BALCX vs. FRGAX - Volatility Comparison
American Funds American Balanced Fund Class C (BALCX) and Fidelity 70% Allocation Fund (FRGAX) have volatilities of 3.88% and 3.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BALCX | FRGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.78% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 6.72% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 11.92% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 10.27% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 10.27% | +0.35% |