FBALX vs. AAPL
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and Apple Inc. (AAPL).
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: FBALX or AAPL.
Key characteristics
| FBALX | AAPL | |
|---|---|---|
| YTD Return | 3.70% | -11.42% |
| 1Y Return | 14.80% | 0.97% |
| 3Y Return (Ann) | 3.62% | 9.68% |
| 5Y Return (Ann) | 10.13% | 27.68% |
| 10Y Return (Ann) | 9.31% | 24.82% |
| Sharpe Ratio | 1.65 | 0.05 |
| Daily Std Dev | 8.69% | 19.68% |
| Max Drawdown | -42.81% | -81.80% |
| Current Drawdown | -3.23% | -13.91% |
Correlation
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 3.70% return, which is significantly higher than AAPL's -11.42% return. Over the past 10 years, FBALX has underperformed AAPL with an annualized return of 9.31%, while AAPL has yielded a comparatively higher 24.82% 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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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.
Dividends
FBALX vs. AAPL - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 2.32%, more than AAPL's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 2.32% | 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. | 0.56% | 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.
Volatility
FBALX vs. AAPL - Volatility Comparison
The current volatility for Fidelity Balanced Fund (FBALX) is 2.79%, while Apple Inc. (AAPL) has a volatility of 6.89%. 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.