FABLX vs. FBALX
Compare and contrast key facts about Fidelity Advisor Balanced Fund Class A (FABLX) and Fidelity Balanced Fund (FBALX).
FABLX is managed by Fidelity. It was launched on Sep 3, 1996. 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: FABLX or FBALX.
Key characteristics
| FABLX | FBALX | |
|---|---|---|
| YTD Return | 15.12% | 17.18% |
| 1Y Return | 21.86% | 24.13% |
| 3Y Return (Ann) | 4.40% | 4.87% |
| 5Y Return (Ann) | 11.05% | 11.49% |
| 10Y Return (Ann) | 9.35% | 9.81% |
| Sharpe Ratio | 2.61 | 2.79 |
| Sortino Ratio | 3.71 | 3.94 |
| Omega Ratio | 1.50 | 1.53 |
| Calmar Ratio | 3.02 | 3.14 |
| Martin Ratio | 16.49 | 18.24 |
| Ulcer Index | 1.31% | 1.30% |
| Daily Std Dev | 8.24% | 8.51% |
| Max Drawdown | -43.91% | -42.81% |
| Current Drawdown | -0.86% | -0.82% |
Correlation
The correlation between FABLX and FBALX is 0.97, 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
FABLX vs. FBALX - Performance Comparison
In the year-to-date period, FABLX achieves a 15.12% return, which is significantly lower than FBALX's 17.18% return. Both investments have delivered pretty close results over the past 10 years, with FABLX having a 9.35% annualized return and FBALX not far ahead at 9.81%. 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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FABLX vs. FBALX - Expense Ratio Comparison
FABLX has a 0.81% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FABLX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class A (FABLX) 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
FABLX vs. FBALX - Dividend Comparison
FABLX's dividend yield for the trailing twelve months is around 4.25%, more than FBALX's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FABLX Fidelity Advisor Balanced Fund Class A | 4.25% | 1.40% | 1.10% | 0.50% | 0.95% | 1.32% | 1.39% | 1.23% | 1.20% | 5.34% | 7.92% | 5.65% |
FBALX Fidelity Balanced Fund | 1.76% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FABLX vs. FBALX - Drawdown Comparison
The maximum FABLX drawdown since its inception was -43.91%, roughly equal to the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FABLX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FABLX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Advisor Balanced Fund Class A (FABLX) is 0.83%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.55%. This indicates that FABLX 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.