FABLX vs. SPY
Compare and contrast key facts about Fidelity Advisor Balanced Fund Class A (FABLX) and SPDR S&P 500 ETF (SPY).
FABLX is managed by Fidelity. It was launched on Sep 3, 1996. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FABLX or SPY.
Correlation
The correlation between FABLX and SPY is 0.93, 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. SPY - Performance Comparison
Key characteristics
FABLX:
2.00
SPY:
2.03
FABLX:
2.87
SPY:
2.71
FABLX:
1.40
SPY:
1.38
FABLX:
3.00
SPY:
3.02
FABLX:
12.08
SPY:
13.49
FABLX:
1.33%
SPY:
1.88%
FABLX:
8.04%
SPY:
12.48%
FABLX:
-43.91%
SPY:
-55.19%
FABLX:
-0.86%
SPY:
-3.54%
Returns By Period
In the year-to-date period, FABLX achieves a 15.12% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, FABLX has underperformed SPY with an annualized return of 9.19%, while SPY has yielded a comparatively higher 12.94% annualized return.
FABLX
15.12%
0.00%
4.13%
15.49%
10.42%
9.19%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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FABLX vs. SPY - Expense Ratio Comparison
FABLX has a 0.81% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FABLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class A (FABLX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FABLX's dividend yield for the trailing twelve months is around 4.25%, more than SPY's 0.87% 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% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FABLX vs. SPY - Drawdown Comparison
The maximum FABLX drawdown since its inception was -43.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FABLX and SPY. For additional features, visit the drawdowns tool.
Volatility
FABLX vs. SPY - Volatility Comparison
The current volatility for Fidelity Advisor Balanced Fund Class A (FABLX) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.64%. This indicates that FABLX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.