FAMRX vs. FBALX
Compare and contrast key facts about Fidelity Asset Manager 85% Fund (FAMRX) and Fidelity Balanced Fund (FBALX).
FAMRX is managed by Blackrock. It was launched on Sep 24, 1999. 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: FAMRX or FBALX.
Key characteristics
| FAMRX | FBALX | |
|---|---|---|
| YTD Return | 15.90% | 17.72% |
| 1Y Return | 27.36% | 26.78% |
| 3Y Return (Ann) | 3.56% | 4.92% |
| 5Y Return (Ann) | 10.50% | 11.79% |
| 10Y Return (Ann) | 8.82% | 9.83% |
| Sharpe Ratio | 2.55 | 3.10 |
| Sortino Ratio | 3.53 | 4.39 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 2.05 | 2.76 |
| Martin Ratio | 16.36 | 20.73 |
| Ulcer Index | 1.67% | 1.30% |
| Daily Std Dev | 10.73% | 8.71% |
| Max Drawdown | -60.05% | -42.81% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FAMRX and FBALX is 0.92, 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
FAMRX vs. FBALX - Performance Comparison
In the year-to-date period, FAMRX achieves a 15.90% return, which is significantly lower than FBALX's 17.72% return. Over the past 10 years, FAMRX has underperformed FBALX with an annualized return of 8.82%, while FBALX has yielded a comparatively higher 9.83% 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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FAMRX vs. FBALX - Expense Ratio Comparison
FAMRX has a 0.70% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FAMRX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 85% Fund (FAMRX) 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
FAMRX vs. FBALX - Dividend Comparison
FAMRX's dividend yield for the trailing twelve months is around 1.15%, less than FBALX's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMRX Fidelity Asset Manager 85% Fund | 1.15% | 1.33% | 1.85% | 1.12% | 0.80% | 1.36% | 1.36% | 0.98% | 1.05% | 1.41% | 11.42% | 4.40% |
FBALX Fidelity Balanced Fund | 4.55% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 7.96% | 10.55% | 7.31% |
Drawdowns
FAMRX vs. FBALX - Drawdown Comparison
The maximum FAMRX drawdown since its inception was -60.05%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FAMRX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FAMRX vs. FBALX - Volatility Comparison
Fidelity Asset Manager 85% Fund (FAMRX) has a higher volatility of 2.98% compared to Fidelity Balanced Fund (FBALX) at 2.61%. This indicates that FAMRX'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.