FASGX vs. FBALX
Compare and contrast key facts about Fidelity Asset Manager 70% Fund (FASGX) and Fidelity Balanced Fund (FBALX).
FASGX is managed by Blackrock. It was launched on Dec 30, 1991. 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: FASGX or FBALX.
Key characteristics
| FASGX | FBALX | |
|---|---|---|
| YTD Return | 3.49% | 4.82% |
| 1Y Return | 12.19% | 15.57% |
| 3Y Return (Ann) | 2.20% | 4.00% |
| 5Y Return (Ann) | 7.89% | 10.32% |
| 10Y Return (Ann) | 6.93% | 9.43% |
| Sharpe Ratio | 1.44 | 1.90 |
| Daily Std Dev | 8.86% | 8.63% |
| Max Drawdown | -47.29% | -42.81% |
| Current Drawdown | -1.98% | -2.19% |
Correlation
The correlation between FASGX and FBALX is 0.91, 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
FASGX vs. FBALX - Performance Comparison
In the year-to-date period, FASGX achieves a 3.49% return, which is significantly lower than FBALX's 4.82% return. Over the past 10 years, FASGX has underperformed FBALX with an annualized return of 6.93%, while FBALX has yielded a comparatively higher 9.43% 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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FASGX vs. FBALX - Expense Ratio Comparison
FASGX has a 0.67% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FASGX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 70% Fund (FASGX) 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
FASGX vs. FBALX - Dividend Comparison
FASGX's dividend yield for the trailing twelve months is around 1.66%, less than FBALX's 2.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 1.66% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 3.91% | 1.51% | 1.68% | 10.98% | 2.55% |
FBALX Fidelity Balanced Fund | 2.29% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
FASGX vs. FBALX - Drawdown Comparison
The maximum FASGX drawdown since its inception was -47.29%, which is greater than FBALX's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FASGX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FASGX vs. FBALX - Volatility Comparison
Fidelity Asset Manager 70% Fund (FASGX) and Fidelity Balanced Fund (FBALX) have volatilities of 2.73% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.