Correlation
The correlation between BRIAX and FBALX is 0.75, 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.
BRIAX vs. FBALX
Compare and contrast key facts about BlackRock Retirement Income 2030 Fund (BRIAX) and Fidelity Balanced Fund (FBALX).
BRIAX is managed by Blackrock. It was launched on Jul 30, 2020. 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: BRIAX or FBALX.
Performance
BRIAX vs. FBALX - Performance Comparison
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Key characteristics
BRIAX:
1.41
FBALX:
0.75
BRIAX:
1.94
FBALX:
1.02
BRIAX:
1.27
FBALX:
1.14
BRIAX:
1.55
FBALX:
0.67
BRIAX:
6.03
FBALX:
2.49
BRIAX:
1.47%
FBALX:
3.47%
BRIAX:
6.58%
FBALX:
12.94%
BRIAX:
-16.82%
FBALX:
-43.55%
BRIAX:
-0.22%
FBALX:
-2.26%
Returns By Period
In the year-to-date period, BRIAX achieves a 3.52% return, which is significantly higher than FBALX's 1.07% return.
BRIAX
3.52%
1.43%
1.16%
8.42%
5.55%
N/A
N/A
FBALX
1.07%
3.62%
-1.24%
9.10%
10.02%
11.20%
9.36%
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BRIAX vs. FBALX - Expense Ratio Comparison
BRIAX has a 0.50% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
BRIAX vs. FBALX — Risk-Adjusted Performance Rank
BRIAX
FBALX
BRIAX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Retirement Income 2030 Fund (BRIAX) 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.
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Dividends
BRIAX vs. FBALX - Dividend Comparison
BRIAX's dividend yield for the trailing twelve months is around 7.17%, more than FBALX's 5.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIAX BlackRock Retirement Income 2030 Fund | 7.17% | 8.59% | 7.57% | 7.99% | 7.02% | 2.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 5.67% | 5.67% | 3.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% | 9.78% |
Drawdowns
BRIAX vs. FBALX - Drawdown Comparison
The maximum BRIAX drawdown since its inception was -16.82%, smaller than the maximum FBALX drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for BRIAX and FBALX.
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Volatility
BRIAX vs. FBALX - Volatility Comparison
The current volatility for BlackRock Retirement Income 2030 Fund (BRIAX) is 1.54%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.07%. This indicates that BRIAX 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.
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