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.
Performance
FBALX vs. ABALX - Performance Comparison
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FBALX vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | -3.70% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
ABALX American Funds American Balanced Fund Class A | -2.86% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Returns By Period
In the year-to-date period, FBALX achieves a -3.70% return, which is significantly lower than ABALX's -2.86% return. Over the past 10 years, FBALX has outperformed ABALX with an annualized return of 10.51%, while ABALX has yielded a comparatively lower 8.98% annualized return.
FBALX
- 1D
- -0.16%
- 1M
- -5.81%
- YTD
- -3.70%
- 6M
- -0.91%
- 1Y
- 13.97%
- 3Y*
- 12.91%
- 5Y*
- 7.44%
- 10Y*
- 10.51%
ABALX
- 1D
- -0.14%
- 1M
- -6.82%
- YTD
- -2.86%
- 6M
- 0.85%
- 1Y
- 15.33%
- 3Y*
- 13.40%
- 5Y*
- 8.00%
- 10Y*
- 8.98%
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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.
Return for Risk
FBALX vs. ABALX — Risk / Return Rank
FBALX
ABALX
FBALX vs. ABALX - Risk-Adjusted Trends 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.
| FBALX | ABALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.43 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.09 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.00 | -0.39 |
Martin ratioReturn relative to average drawdown | 7.56 | 8.51 | -0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBALX | ABALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.43 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.77 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.85 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.79 | 0.00 |
Correlation
The correlation between FBALX and ABALX is 0.90, 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.
Dividends
FBALX vs. ABALX - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 5.90%, less than ABALX's 8.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.90% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
ABALX American Funds American Balanced Fund Class A | 8.54% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
Drawdowns
FBALX vs. ABALX - Drawdown Comparison
The maximum FBALX drawdown since its inception was -43.57%, which is greater than ABALX's maximum drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for FBALX and ABALX.
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Drawdown Indicators
| FBALX | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -40.20% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -7.33% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -18.76% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -22.34% | -4.34% |
Current DrawdownCurrent decline from peak | -6.47% | -7.03% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.86% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.73% | +0.01% |
Volatility
FBALX vs. ABALX - Volatility Comparison
Fidelity Balanced Fund (FBALX) has a higher volatility of 3.50% compared to American Funds American Balanced Fund Class A (ABALX) at 3.26%. 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.
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Volatility by Period
| FBALX | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.26% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 6.74% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 11.11% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.15% | 10.42% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 10.61% | +2.12% |