FASIX vs. FBALX
FASIX (Fidelity Asset Manager 20% Fund) and FBALX (Fidelity Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, FASIX returned 4.50%/yr vs 11.86%/yr for FBALX. Their correlation of 0.86 suggests significant overlap in exposure. FASIX charges 0.51%/yr vs 0.46%/yr for FBALX.
Performance
FASIX vs. FBALX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FASIX achieves a 4.62% return, which is significantly lower than FBALX's 10.21% return. Over the past 10 years, FASIX has underperformed FBALX with an annualized return of 4.50%, while FBALX has yielded a comparatively higher 11.86% annualized return.
FASIX
- 1D
- 0.54%
- 1M
- 1.05%
- YTD
- 4.62%
- 6M
- 4.70%
- 1Y
- 11.09%
- 3Y*
- 7.80%
- 5Y*
- 3.65%
- 10Y*
- 4.50%
FBALX
- 1D
- 0.94%
- 1M
- 1.41%
- YTD
- 10.21%
- 6M
- 10.14%
- 1Y
- 23.97%
- 3Y*
- 16.11%
- 5Y*
- 9.49%
- 10Y*
- 11.86%
FASIX vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FASIX Fidelity Asset Manager 20% Fund | 4.62% | 9.58% | 5.34% | 8.00% | -10.20% | 4.04% | 8.62% | 10.64% | -1.63% | 6.60% |
FBALX Fidelity Balanced Fund | 10.21% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
Correlation
The correlation between FASIX and FBALX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 1995 | 0.86 |
The correlation between FASIX and FBALX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FASIX vs. FBALX — Risk / Return Rank
FASIX
FBALX
FASIX vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 20% Fund (FASIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FASIX | FBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.50 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.71 | -0.38 |
| Martin ratioReturn relative to average drawdown | 14.38 | 17.34 | -2.97 |
Loading charts...
Drawdowns
FASIX vs. FBALX - Drawdown Comparison
The maximum FASIX drawdown since its inception was -19.61%, smaller than the maximum FBALX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FASIX and FBALX.
Loading charts...
Drawdown Indicators
| FASIX | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -43.57% | +23.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -6.47% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -12.88% | +8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -13.86% | -22.89% | +9.03% |
Max Drawdown (10Y)Largest decline over 10 years | -13.86% | -26.68% | +12.82% |
Current DrawdownCurrent decline from peak | 0.00% | -0.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -4.37% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.38% | -0.61% |
Volatility
FASIX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Asset Manager 20% Fund (FASIX) is 1.93%, while Fidelity Balanced Fund (FBALX) has a volatility of 3.74%. This indicates that FASIX 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.
Loading charts...
Volatility by Period
| FASIX | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 3.74% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 7.52% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 9.16% | -4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 12.26% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 12.82% | -8.15% |
FASIX vs. FBALX - Expense Ratio Comparison
FASIX has a 0.51% expense ratio, which is higher than FBALX's 0.46% expense ratio.
Dividends
FASIX vs. FBALX - Dividend Comparison
FASIX's dividend yield for the trailing twelve months is around 3.02%, less than FBALX's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASIX Fidelity Asset Manager 20% Fund | 3.02% | 3.21% | 3.34% | 3.17% | 4.55% | 1.63% | 2.16% | 3.02% | 4.11% | 3.23% | 1.85% | 3.95% |
FBALX Fidelity Balanced Fund | 5.14% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Frequently Asked Questions
FASIX and FBALX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBALX has higher volatility (3.74%) compared to FASIX (1.93%). In terms of maximum drawdown, FASIX dropped -19.61% vs FBALX's -43.57%.
FBALX currently has the higher Sharpe Ratio (2.62 vs 2.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FASIX and FBALX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer