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.
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
Key characteristics
FASGX:
1.03
FBALX:
1.30
FASGX:
1.40
FBALX:
1.79
FASGX:
1.19
FBALX:
1.24
FASGX:
1.09
FBALX:
0.97
FASGX:
4.85
FBALX:
6.63
FASGX:
2.13%
FBALX:
1.85%
FASGX:
10.02%
FBALX:
9.48%
FASGX:
-45.69%
FBALX:
-41.81%
FASGX:
-4.54%
FBALX:
-2.98%
Returns By Period
In the year-to-date period, FASGX achieves a 2.01% return, which is significantly higher than FBALX's 1.32% return. Both investments have delivered pretty close results over the past 10 years, with FASGX having a 5.13% annualized return and FBALX not far ahead at 5.28%.
FASGX
2.01%
-1.50%
2.23%
9.70%
5.64%
5.13%
FBALX
1.32%
0.40%
2.67%
11.78%
5.14%
5.28%
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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 Rank
FASGX
FBALX
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 1.86%, more than FBALX's 1.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASGX Fidelity Asset Manager 70% Fund | 1.86% | 1.89% | 1.72% | 2.15% | 1.35% | 0.98% | 1.53% | 1.61% | 1.16% | 1.31% | 1.68% | 10.98% |
FBALX Fidelity Balanced Fund | 1.78% | 1.81% | 1.70% | 1.47% | 0.88% | 1.29% | 1.70% | 1.85% | 1.58% | 1.61% | 8.79% | 11.39% |
Drawdowns
FASGX vs. FBALX - Drawdown Comparison
The maximum FASGX drawdown since its inception was -45.69%, which is greater than FBALX's maximum drawdown of -41.81%. 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) has a higher volatility of 4.51% compared to Fidelity Balanced Fund (FBALX) at 3.26%. This indicates that FASGX'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.