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FBALX vs. AAPL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FBALXAAPL
YTD Return7.47%-2.68%
1Y Return19.65%9.33%
3Y Return (Ann)4.75%14.38%
5Y Return (Ann)11.42%34.11%
10Y Return (Ann)9.60%25.46%
Sharpe Ratio2.190.47
Daily Std Dev8.68%20.26%
Max Drawdown-42.81%-81.80%
Current Drawdown-0.62%-5.42%

Correlation

-0.50.00.51.00.5

The correlation between FBALX and AAPL is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

FBALX vs. AAPL - Performance Comparison

In the year-to-date period, FBALX achieves a 7.47% return, which is significantly higher than AAPL's -2.68% return. Over the past 10 years, FBALX has underperformed AAPL with an annualized return of 9.60%, while AAPL has yielded a comparatively higher 25.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%20,000.00%40,000.00%60,000.00%80,000.00%December2024FebruaryMarchAprilMay
3,281.84%
84,004.41%
FBALX
AAPL

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Fidelity Balanced Fund

Apple Inc.

Risk-Adjusted Performance

FBALX vs. AAPL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Apple Inc. (AAPL). 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.


FBALX
Sharpe ratio
The chart of Sharpe ratio for FBALX, currently valued at 2.19, compared to the broader market-1.000.001.002.003.004.002.19
Sortino ratio
The chart of Sortino ratio for FBALX, currently valued at 3.20, compared to the broader market-2.000.002.004.006.008.0010.0012.003.20
Omega ratio
The chart of Omega ratio for FBALX, currently valued at 1.39, compared to the broader market1.002.003.001.39
Calmar ratio
The chart of Calmar ratio for FBALX, currently valued at 1.42, compared to the broader market0.002.004.006.008.0010.0012.0014.001.42
Martin ratio
The chart of Martin ratio for FBALX, currently valued at 7.60, compared to the broader market0.0020.0040.0060.0080.007.60
AAPL
Sharpe ratio
The chart of Sharpe ratio for AAPL, currently valued at 0.47, compared to the broader market-1.000.001.002.003.004.000.47
Sortino ratio
The chart of Sortino ratio for AAPL, currently valued at 0.79, compared to the broader market-2.000.002.004.006.008.0010.0012.000.79
Omega ratio
The chart of Omega ratio for AAPL, currently valued at 1.10, compared to the broader market1.002.003.001.10
Calmar ratio
The chart of Calmar ratio for AAPL, currently valued at 0.57, compared to the broader market0.002.004.006.008.0010.0012.0014.000.57
Martin ratio
The chart of Martin ratio for AAPL, currently valued at 1.14, compared to the broader market0.0020.0040.0060.0080.001.14

FBALX vs. AAPL - Sharpe Ratio Comparison

The current FBALX Sharpe Ratio is 2.19, which is higher than the AAPL Sharpe Ratio of 0.47. The chart below compares the 12-month rolling Sharpe Ratio of FBALX and AAPL.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
2.19
0.47
FBALX
AAPL

Dividends

FBALX vs. AAPL - Dividend Comparison

FBALX's dividend yield for the trailing twelve months is around 2.24%, more than AAPL's 0.52% yield.


TTM20232022202120202019201820172016201520142013
FBALX
Fidelity Balanced Fund
2.24%2.28%8.06%9.66%5.90%4.24%10.99%7.90%3.07%7.96%10.55%7.31%
AAPL
Apple Inc.
0.52%0.49%0.70%0.49%0.61%1.04%1.79%1.45%1.93%1.93%1.67%2.10%

Drawdowns

FBALX vs. AAPL - Drawdown Comparison

The maximum FBALX drawdown since its inception was -42.81%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for FBALX and AAPL. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-0.62%
-5.42%
FBALX
AAPL

Volatility

FBALX vs. AAPL - Volatility Comparison

The current volatility for Fidelity Balanced Fund (FBALX) is 2.42%, while Apple Inc. (AAPL) has a volatility of 7.74%. This indicates that FBALX experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%December2024FebruaryMarchAprilMay
2.42%
7.74%
FBALX
AAPL