BLNDX vs. FBALX
Compare and contrast key facts about Standpoint Multi-Asset Fund Institutional (BLNDX) and Fidelity Balanced Fund (FBALX).
BLNDX is managed by Ultimus Fund. It was launched on Dec 30, 2019. 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: BLNDX or FBALX.
Key characteristics
| BLNDX | FBALX | |
|---|---|---|
| YTD Return | 14.96% | 7.77% |
| 1Y Return | 18.36% | 18.82% |
| 3Y Return (Ann) | 9.94% | 5.17% |
| Sharpe Ratio | 1.81 | 2.26 |
| Daily Std Dev | 10.13% | 8.73% |
| Max Drawdown | -9.33% | -42.81% |
| Current Drawdown | -0.13% | -0.31% |
Correlation
The correlation between BLNDX and FBALX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BLNDX vs. FBALX - Performance Comparison
In the year-to-date period, BLNDX achieves a 14.96% return, which is significantly higher than FBALX's 7.77% 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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BLNDX vs. FBALX - Expense Ratio Comparison
BLNDX has a 1.27% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
BLNDX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Standpoint Multi-Asset Fund Institutional (BLNDX) 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
BLNDX vs. FBALX - Dividend Comparison
BLNDX's dividend yield for the trailing twelve months is around 3.23%, more than FBALX's 2.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLNDX Standpoint Multi-Asset Fund Institutional | 3.23% | 3.71% | 2.67% | 6.11% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 2.23% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
BLNDX vs. FBALX - Drawdown Comparison
The maximum BLNDX drawdown since its inception was -9.33%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for BLNDX and FBALX. For additional features, visit the drawdowns tool.
Volatility
BLNDX vs. FBALX - Volatility Comparison
The current volatility for Standpoint Multi-Asset Fund Institutional (BLNDX) is 2.40%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.67%. This indicates that BLNDX 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.