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.
Key characteristics
| FABLX | SPY | |
|---|---|---|
| YTD Return | 15.12% | 27.04% |
| 1Y Return | 24.85% | 39.75% |
| 3Y Return (Ann) | 4.33% | 10.21% |
| 5Y Return (Ann) | 11.23% | 15.93% |
| 10Y Return (Ann) | 9.32% | 13.36% |
| Sharpe Ratio | 2.82 | 3.15 |
| Sortino Ratio | 4.05 | 4.19 |
| Omega Ratio | 1.54 | 1.59 |
| Calmar Ratio | 2.56 | 4.60 |
| Martin Ratio | 18.40 | 20.85 |
| Ulcer Index | 1.30% | 1.85% |
| Daily Std Dev | 8.48% | 12.29% |
| Max Drawdown | -43.91% | -55.19% |
| Current Drawdown | -0.86% | 0.00% |
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
In the year-to-date period, FABLX achieves a 15.12% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, FABLX has underperformed SPY with an annualized return of 9.32%, while SPY has yielded a comparatively higher 13.36% annualized 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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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 1.17% 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 | 1.17% | 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 1.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. 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.