FBALX vs. ABALX
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and American Funds American Balanced Fund Class A (ABALX).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBALX or ABALX.
Key characteristics
| FBALX | ABALX | |
|---|---|---|
| YTD Return | 5.42% | 3.87% |
| 1Y Return | 17.94% | 15.37% |
| 3Y Return (Ann) | 4.33% | 4.00% |
| 5Y Return (Ann) | 10.28% | 7.72% |
| 10Y Return (Ann) | 9.54% | 7.94% |
| Sharpe Ratio | 1.98 | 1.83 |
| Daily Std Dev | 8.74% | 8.12% |
| Max Drawdown | -42.81% | -39.31% |
| Current Drawdown | -1.63% | -2.16% |
Correlation
The correlation between FBALX and ABALX is 0.87, 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
FBALX vs. ABALX - Performance Comparison
In the year-to-date period, FBALX achieves a 5.42% return, which is significantly higher than ABALX's 3.87% return. Over the past 10 years, FBALX has outperformed ABALX with an annualized return of 9.54%, while ABALX has yielded a comparatively lower 7.94% 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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FBALX vs. ABALX - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
FBALX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and American Funds American Balanced Fund Class A (ABALX). 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. ABALX - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 2.28%, less than ABALX's 2.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 2.28% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.96% | 10.55% | 7.31% |
ABALX American Funds American Balanced Fund Class A | 2.31% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.37% | 4.21% | 5.97% | 8.09% | 1.54% |
Drawdowns
FBALX vs. ABALX - Drawdown Comparison
The maximum FBALX drawdown since its inception was -42.81%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for FBALX and ABALX. For additional features, visit the drawdowns tool.
Volatility
FBALX vs. ABALX - Volatility Comparison
Fidelity Balanced Fund (FBALX) has a higher volatility of 3.02% compared to American Funds American Balanced Fund Class A (ABALX) at 2.82%. This indicates that FBALX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.