FAIGX vs. FBALX
Compare and contrast key facts about Fidelity Advisor Balanced Fund Class M (FAIGX) and Fidelity Balanced Fund (FBALX).
FAIGX is managed by Fidelity. It was launched on Jan 6, 1987. 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: FAIGX or FBALX.
Key characteristics
| FAIGX | FBALX | |
|---|---|---|
| YTD Return | 14.85% | 18.15% |
| 1Y Return | 23.26% | 26.94% |
| 3Y Return (Ann) | 4.14% | 5.15% |
| 5Y Return (Ann) | 10.96% | 11.86% |
| 10Y Return (Ann) | 9.06% | 9.89% |
| Sharpe Ratio | 2.91 | 3.25 |
| Sortino Ratio | 4.16 | 4.60 |
| Omega Ratio | 1.57 | 1.62 |
| Calmar Ratio | 2.77 | 3.17 |
| Martin Ratio | 18.77 | 21.64 |
| Ulcer Index | 1.31% | 1.30% |
| Daily Std Dev | 8.41% | 8.64% |
| Max Drawdown | -44.19% | -42.81% |
| Current Drawdown | -0.89% | 0.00% |
Correlation
The correlation between FAIGX and FBALX is 0.95, 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
FAIGX vs. FBALX - Performance Comparison
In the year-to-date period, FAIGX achieves a 14.85% return, which is significantly lower than FBALX's 18.15% return. Over the past 10 years, FAIGX has underperformed FBALX with an annualized return of 9.06%, while FBALX has yielded a comparatively higher 9.89% 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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FAIGX vs. FBALX - Expense Ratio Comparison
FAIGX has a 1.06% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FAIGX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Balanced Fund Class M (FAIGX) 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
FAIGX vs. FBALX - Dividend Comparison
FAIGX's dividend yield for the trailing twelve months is around 3.90%, less than FBALX's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAIGX Fidelity Advisor Balanced Fund Class M | 3.90% | 1.14% | 0.79% | 0.22% | 0.70% | 1.05% | 1.08% | 0.97% | 0.95% | 4.95% | 7.47% | 5.28% |
FBALX Fidelity Balanced Fund | 4.53% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FAIGX vs. FBALX - Drawdown Comparison
The maximum FAIGX drawdown since its inception was -44.19%, roughly equal to the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FAIGX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FAIGX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Advisor Balanced Fund Class M (FAIGX) is 1.20%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.58%. This indicates that FAIGX 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.