FBALX vs. FFANX
Compare and contrast key facts about Fidelity Balanced Fund (FBALX) and Fidelity Asset Manager 40% Fund (FFANX).
FBALX is managed by Fidelity. It was launched on Nov 6, 1986. FFANX is managed by BlackRock. It was launched on Oct 9, 2007.
Performance
FBALX vs. FFANX - Performance Comparison
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FBALX vs. FFANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | -1.74% | 15.11% | 16.09% | 20.31% | -18.29% | 18.27% | 22.45% | 24.40% | -3.98% | 16.52% |
FFANX Fidelity Asset Manager 40% Fund | -0.14% | 13.16% | 7.40% | 11.52% | -13.62% | 8.03% | 13.10% | 15.81% | -4.06% | 11.25% |
Returns By Period
In the year-to-date period, FBALX achieves a -1.74% return, which is significantly lower than FFANX's -0.14% return. Over the past 10 years, FBALX has outperformed FFANX with an annualized return of 10.73%, while FFANX has yielded a comparatively lower 6.28% annualized return.
FBALX
- 1D
- 2.04%
- 1M
- -3.87%
- YTD
- -1.74%
- 6M
- 0.80%
- 1Y
- 15.76%
- 3Y*
- 13.67%
- 5Y*
- 7.65%
- 10Y*
- 10.73%
FFANX
- 1D
- 1.44%
- 1M
- -3.24%
- YTD
- -0.14%
- 6M
- 1.77%
- 1Y
- 12.13%
- 3Y*
- 9.01%
- 5Y*
- 4.47%
- 10Y*
- 6.28%
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FBALX vs. FFANX - Expense Ratio Comparison
FBALX has a 0.51% expense ratio, which is lower than FFANX's 0.52% expense ratio.
Return for Risk
FBALX vs. FFANX — Risk / Return Rank
FBALX
FFANX
FBALX vs. FFANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Balanced Fund (FBALX) and Fidelity Asset Manager 40% Fund (FFANX). 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 | FFANX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.59 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.99 | 2.26 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.22 | -0.17 |
Martin ratioReturn relative to average drawdown | 9.47 | 9.23 | +0.24 |
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 | FFANX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.59 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.58 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.82 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.63 | +0.16 |
Correlation
The correlation between FBALX and FFANX is 0.94, 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. FFANX - Dividend Comparison
FBALX's dividend yield for the trailing twelve months is around 5.79%, more than FFANX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBALX Fidelity Balanced Fund | 5.79% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
FFANX Fidelity Asset Manager 40% Fund | 3.97% | 3.97% | 2.81% | 2.49% | 5.75% | 2.35% | 2.36% | 3.67% | 4.56% | 2.56% | 1.43% | 3.18% |
Drawdowns
FBALX vs. FFANX - Drawdown Comparison
The maximum FBALX drawdown since its inception was -43.57%, which is greater than FFANX's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for FBALX and FFANX.
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Drawdown Indicators
| FBALX | FFANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -31.69% | -11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -5.67% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -18.52% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -26.68% | -18.52% | -8.16% |
Current DrawdownCurrent decline from peak | -4.56% | -3.83% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.83% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.36% | +0.40% |
Volatility
FBALX vs. FFANX - Volatility Comparison
Fidelity Balanced Fund (FBALX) has a higher volatility of 4.19% compared to Fidelity Asset Manager 40% Fund (FFANX) at 3.47%. This indicates that FBALX's price experiences larger fluctuations and is considered to be riskier than FFANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBALX | FFANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.47% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 5.08% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 7.91% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.18% | 7.80% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 7.64% | +5.11% |