FASMX vs. FBALX
Compare and contrast key facts about Fidelity Asset Manager 50% Fund (FASMX) and Fidelity Balanced Fund (FBALX).
FASMX is managed by Blackrock. It was launched on Dec 28, 1988. 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: FASMX or FBALX.
Key characteristics
| FASMX | FBALX | |
|---|---|---|
| YTD Return | 1.89% | 4.45% |
| 1Y Return | 9.09% | 16.24% |
| 3Y Return (Ann) | 0.95% | 3.79% |
| 5Y Return (Ann) | 5.81% | 10.09% |
| 10Y Return (Ann) | 5.29% | 9.37% |
| Sharpe Ratio | 1.26 | 1.84 |
| Daily Std Dev | 7.35% | 8.70% |
| Max Drawdown | -36.82% | -42.81% |
| Current Drawdown | -2.81% | -2.54% |
Correlation
The correlation between FASMX 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
FASMX vs. FBALX - Performance Comparison
In the year-to-date period, FASMX achieves a 1.89% return, which is significantly lower than FBALX's 4.45% return. Over the past 10 years, FASMX has underperformed FBALX with an annualized return of 5.29%, while FBALX has yielded a comparatively higher 9.37% 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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FASMX vs. FBALX - Expense Ratio Comparison
FASMX has a 0.62% expense ratio, which is higher than FBALX's 0.51% expense ratio.
Risk-Adjusted Performance
FASMX vs. FBALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Asset Manager 50% Fund (FASMX) 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
FASMX vs. FBALX - Dividend Comparison
FASMX's dividend yield for the trailing twelve months is around 2.21%, less than FBALX's 2.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASMX Fidelity Asset Manager 50% Fund | 2.21% | 2.18% | 6.78% | 2.91% | 2.40% | 4.21% | 5.28% | 4.32% | 2.07% | 1.93% | 8.91% | 6.96% |
FBALX Fidelity Balanced Fund | 2.30% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
Drawdowns
FASMX vs. FBALX - Drawdown Comparison
The maximum FASMX drawdown since its inception was -36.82%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for FASMX and FBALX. For additional features, visit the drawdowns tool.
Volatility
FASMX vs. FBALX - Volatility Comparison
The current volatility for Fidelity Asset Manager 50% Fund (FASMX) is 2.41%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.91%. This indicates that FASMX 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.