DIA vs. FBALX
DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) and FBALX (Fidelity Balanced Fund) are both funds - DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average, while FBALX is a Diversified Portfolio fund actively managed by Fidelity. DIA is passively managed, while FBALX is actively managed. Over the past 10 years, DIA returned 13.40%/yr vs 11.70%/yr for FBALX. Their correlation of 0.87 suggests significant overlap in exposure. DIA charges 0.16%/yr vs 0.46%/yr for FBALX.
Performance
DIA vs. FBALX - Performance Comparison
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Returns By Period
In the year-to-date period, DIA achieves a 7.27% return, which is significantly lower than FBALX's 8.71% return. Over the past 10 years, DIA has outperformed FBALX with an annualized return of 13.40%, while FBALX has yielded a comparatively lower 11.70% annualized return.
DIA
- 1D
- 0.73%
- 1M
- 3.26%
- YTD
- 7.27%
- 6M
- 6.43%
- 1Y
- 21.01%
- 3Y*
- 16.29%
- 5Y*
- 10.14%
- 10Y*
- 13.40%
FBALX
- 1D
- 1.52%
- 1M
- -0.11%
- YTD
- 8.71%
- 6M
- 9.51%
- 1Y
- 21.68%
- 3Y*
- 15.96%
- 5Y*
- 8.88%
- 10Y*
- 11.70%
DIA vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 7.27% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
FBALX Fidelity Balanced Fund | 8.71% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Correlation
The correlation between DIA and FBALX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.87 |
The correlation between DIA and FBALX has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
DIA vs. FBALX — Risk / Return Rank
DIA
FBALX
DIA vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIA | FBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.44 | -1.27 |
| Martin ratioReturn relative to average drawdown | 8.35 | 16.08 | -7.73 |
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Drawdowns
DIA vs. FBALX - Drawdown Comparison
The maximum DIA drawdown since its inception was -51.87%, which is greater than FBALX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for DIA and FBALX.
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Drawdown Indicators
| DIA | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.87% | -43.57% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -6.47% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -12.88% | -3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.76% | -22.89% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.70% | -26.68% | -10.02% |
Current DrawdownCurrent decline from peak | -0.70% | -1.44% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -4.37% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.38% | +1.15% |
Volatility
DIA vs. FBALX - Volatility Comparison
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a higher volatility of 4.32% compared to Fidelity Balanced Fund (FBALX) at 3.69%. This indicates that DIA'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.
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Volatility by Period
| DIA | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 3.69% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 7.41% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 9.06% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 12.24% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 12.81% | +4.75% |
DIA vs. FBALX - Expense Ratio Comparison
DIA has a 0.16% expense ratio, which is lower than FBALX's 0.46% expense ratio.
Dividends
DIA vs. FBALX - Dividend Comparison
DIA's dividend yield for the trailing twelve months is around 1.37%, less than FBALX's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.37% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
FBALX Fidelity Balanced Fund | 5.22% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Frequently Asked Questions
DIA and FBALX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIA has higher volatility (4.32%) compared to FBALX (3.69%). In terms of maximum drawdown, DIA dropped -51.87% vs FBALX's -43.57%.
FBALX currently has the higher Sharpe Ratio (2.45 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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