BARIX vs. FBALX
Compare and contrast key facts about Baron Asset Fund Institutional Class (BARIX) and Fidelity Balanced Fund (FBALX).
BARIX is managed by Baron Capital Group. It was launched on May 29, 2009. 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: BARIX or FBALX.
Key characteristics
| BARIX | FBALX | |
|---|---|---|
| YTD Return | -0.04% | 5.42% |
| 1Y Return | 14.81% | 17.94% |
| 3Y Return (Ann) | -1.62% | 4.33% |
| 5Y Return (Ann) | 7.40% | 10.28% |
| 10Y Return (Ann) | 9.92% | 9.54% |
| Sharpe Ratio | 0.98 | 1.98 |
| Daily Std Dev | 13.72% | 8.74% |
| Max Drawdown | -37.44% | -42.81% |
| Current Drawdown | -15.01% | -1.63% |
Correlation
The correlation between BARIX and FBALX is 0.89, 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.
Performance
BARIX vs. FBALX - Performance Comparison
In the year-to-date period, BARIX achieves a -0.04% return, which is significantly lower than FBALX's 5.42% return. Both investments have delivered pretty close results over the past 10 years, with BARIX having a 9.92% annualized return and FBALX not far behind at 9.54%. 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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BARIX vs. FBALX - Expense Ratio Comparison
BARIX has a 1.03% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
BARIX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) 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
BARIX vs. FBALX - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 3.28%, more than FBALX's 2.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 3.28% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 0.00% | 7.01% | 4.74% | 11.23% | 6.41% | 8.88% |
FBALX Fidelity Balanced Fund | 2.28% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
BARIX vs. FBALX - Drawdown Comparison
The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for BARIX and FBALX. For additional features, visit the drawdowns tool.
Volatility
BARIX vs. FBALX - Volatility Comparison
Baron Asset Fund Institutional Class (BARIX) has a higher volatility of 4.41% compared to Fidelity Balanced Fund (FBALX) at 3.02%. This indicates that BARIX's price experiences larger fluctuations and is considered to be riskier than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.